It depends…

In simple terms, salary packaging an exempt electric vehicle (EV) will almost certainly result in a saving, compared to the employee leasing or financing a car directly. Salary packaging effectively enables a tax deduction for the lease costs, charging, repairs, maintenance and insurance costs. That’s likely to add up to a significant amount.

Are you looking to reduce your FBT costs and maximise your savings? Check out this article sharing practical tips drawn from experience with the largest employers, to help manage the expense of FBT. Get the valuable insights, from leveraging exemptions to utilising data analytics.