FAQ: Are there any benefits of a Novated Lease after the July 2013 FBT reforms, and is a Novated Lease still worth it?
Are there any benefits of a Novated Lease after the July 2013 FBT reforms, and is a Novated Lease still worth it?
IMPORTANT INFORMATION - With the change of Government on 7 September 2013, the below information is now incorrect. For up-to-date information regarding Novated Leasing, please click here. You can also submit a quick online enquiry and one of our expert finance consultants will be in touch to discuss the smartest options with you.
For some employees there are still benefits to be gained from Novated Leasing after the July 2013 Fringe Benefits Tax (FBT) changes. For example, an employee may still derive a benefit from a Novated Lease if they expect to use their salary-packaged / company-provided car for a high percentage of business use, or if their employer is 100% FBT exempt.
However, for the vast majority of employees Novated Leasing no longer provides the significant tax benefits it previously did, and in many cases an alternative finance option may be more cost effective.
stratton's team of experienced finance consultants can help you determine which car finance option is best for you after the July 2013 FBT changes - send us a quick online enquiry and we will get in touch, or get the process started now with a 60 second car finance quote.