FBT exemption for EVs.
Legislation was passed in late 2022 to exempt certain Electric Vehicles (EVs) and Plug-in Hybrid Electric Vehicles (PHEVs) from incurring Fringe Benefits Tax (FBT). This is exciting news for anyone wanting to own an EV, presenting a highly compelling opportunity via salary packaging under a novated lease arrangement.
Thinking of switching to an EV?
Whether you’ve been thinking about making the switch to an electric vehicle for environmental concerns, or because you’re impressed by the modern features and technology in EVs, our affordable novated lease options combined with the FBT exemption, help make that decision an easier one for you to make.
How much will an EV cost with the FBT exemption?
Thanks to the FBT exemption, owning a qualifying EV or PHEV under a novated lease is now even cheaper!
From around $200 per week we have packages available for EVs that include finance, insurance, registration, servicing, tyres and vehicle charging. Speak to one of our Leasing Consultants today!
Now is the time to save with our incredible options!
With an EV novated lease from Paywise, you can now save thousands. Aside from our all-inclusive electric vehicle lease packages which cover finance, insurance, servicing, and tyres (plus much more!). There’s never been a better time to choose.
Here are some indicative examples of costs and savings of some EV models. Our novated lease packages include vehicle finance, registration, insurance, servicing, tyres and vehicle charging.
Costs based on salary packaging an EV under a novated lease over five years, driving 15,000km per year and an annual income of $90,000.
All figures and images are indicative only and before making a decision you should consult your independent legal, taxation and financial advisor for advice relating to your personal circumstances. Conditions, fees and charges may apply and finance is available to approved applicants only. FBT exemptions for Electric Vehicles (EVs) and Plug-in Hybrid Electric Vehicles (PHEVs) subject to eligibility criteria.
Already an EV Driver?
If you already have a Novated Lease on an Electric Vehicle with Paywise, visit our EV Drivers page to make the most of your lease. You’ll find everything you need, from claiming charging costs to managing your lease budget via the app, plus information on insurance, maintenance, FAQs, and more.
Get in touch about an electric vehicle!
If you’ve been thinking about making the change to an electric vehicle, a novated lease from Paywise is a smart choice. Whether you’re wanting to find out if you’re eligible, or need more information on how much you can save by making the switch to an EV with a novated lease, we’re here to help.
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