How a novated lease helps you save tax and drive for less
The start of the financial year is the perfect time to reset your budget and look at how to make your money go further. If you’re looking to reduce your tax and take control of your vehicle costs, a novated lease through AANT Salary Packaging could be a great option.
A novated lease is more than car finance. It gives you access to tax savings, GST benefits and the convenience of bundling your vehicle expenses into one regular payment.
How it works
A novated lease is a three-way agreement between you, your employer and a finance provider. Your lease payments are deducted from your salary using a mix of pre-tax and post-tax income. For eligible electric vehicles, the full amount may be taken from your pre-tax pay.
This reduces your taxable income, which means you may pay less tax each pay cycle.
The savings can add up
- Lower taxable income means you could take home more each pay
- No GST on the purchase price of your vehicle
- No GST on running costs when they’re included in your lease
- Extra savings if you choose an eligible electric vehicle, thanks to government FBT exemptions
Over the life of the lease, these benefits can add up to tens of thousands of dollars in savings.
What your lease can cover
With AANT Salary Packaging, you can bundle everything into one simple payment:
- Vehicle finance
- Registration
- Comprehensive insurance
- Fuel or EV charging
- Servicing, maintenance and tyres
- Roadside assistance
This gives you a clear, consistent way to manage your car costs all year.
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Why now is the right time
Starting your novated lease early in the financial year means you’ll see the benefits sooner. You’ll also have more time to spread out your savings and take full advantage of what salary packaging offers.
Here’s why it makes sense to get started now:
- Maximise your tax savings across the full financial year
- Lock in your budget early
- Avoid delays and stock shortages that can happen later in the year
Why choose AANT Salary Packaging
We help Territory workers get more out of their pay. Our team makes the novated leasing process simple, whether it’s your first lease or you’re ready for an upgrade.
- Competitive pricing and access to fleet discounts
- Territory-based support when you need it
- Clear, helpful guidance from start to finish
- Options that suit your budget and lifestyle
