When you choose to salary sacrifice the cost of your car, you pay a part of the overall costs of the lease finance and the running costs of the car before your income tax is calculated. As this salary deduction reduces your taxable income you pay a lower amount of income tax. Any pre-tax deductions exclude GST as your employer can claim back the GST.
You can use our Novate One calculator to estimate your savings. When you are ready speak with us on 1300 616 993 and we can tailor a proposal to your personal circumstances.