Maxxia novated lease calculator. Maxxia Pty Ltd | ABN 39 082 449 036 act as .

Maxxia novated lease calculator Your employer takes money directly from your pay before income tax is taken out, and then this money can be used to make payments for your vehicle and its running costs. If you are an employee of a public health, charity or not-for-profit organisation, the calculator results assume you are salary packaging a novated lease above your FBT exemption cap limit. A novated lease is a three-way agreement between an employee (you), your employer and a finance company to essentially allow you to lease a car. This general information doesn’t take your personal circumstances into account. Plus, we make it easy for you with simple payments and proactive FBT management. Here’s a rundown on the options potentially available for claiming charging costs on your EV novated lease, and how to go about it. So, how does novated leasing work? Basically, a new, used or existing car is leased in your name, via your employer, and instead of paying with the money you have left over after tax, your lease is paid for via your payroll department with funds from a combination of your pre- and post-tax salary (or fully pre-tax on eligible electric vehicles). Your employer deducts money from your before-tax and/or after-tax pay to cover vehicle payments and running costs, which could help to reduce your taxable income, and in turn, increase your disposable income. A novated lease can also be a great option for those looking for convenience and time saving. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Find out how much you could save on the cost of a car with a novated lease. Maxxia’s novated leasing program rewards your employees with a new car along with other significant cost savings. All. When it comes to novated leasing nobody likes surprises, so we calculate the residual amount for you upfront. If you have an FBT liability owing, we will contact you to advise your options and organise payment. We’re all about helping our customers make confident choices when it comes to novated leasing – and that’s why we’ve created a handy calculator, so you can quickly calculate the difference a novated lease will make to your pay, including an estimation of potential tax savings. Any FBT liability incurred as a result of Novated Leasing Agreements will be the employee’s responsibility. 532668. Now’s the time to start making plans for a PHEV novated lease! Check out the top 5 best-selling plug-in hybrid vehicles with our customers. Pay with before-tax dollars Payments on eligible EVs up to a cap of $91,387 are paid from your pre-tax salary when you enter into a novated lease. * Maxxia Pty Ltd | ABN 39 082 449 036 act as an authorised representative on behalf of a number of Australian financial services licensees. NSW Health Administration Corporation strongly recommends that you obtain independent financial advice prior to entering into, or changing the terms of, a Novated lease calculator. You can use a mixture of post- and pre-tax funds to help pay for your fuel, tyres, insurance, registration, maintenance and even car detailing. It’s determined by the ATO that novated leases require a residual or “balloon” amount to be paid at the end of the lease. 00 (incl. See how much you can save on tax, fuel, maintenance and more with a novated lease. Maxxia Marketplace; Novated Lease Calculator; Running Cost Mar 31, 2025 · What happens if the company I work for changes novated lease providers and I need to execute a new novated lease agreement? If a new lease agreement was required, this would constitute a break in the existing lease agreement and a new financially binding commitment. When you take out a lease with Maxxia, we source your new car, manage the paperwork, arrange the finance and insurance, negotiate with dealers and Choose your favourite make and model and use our calculator to see how much you can save with a LeasePlan novated lease. To see how much a novated lease might cost (or save) you, try out Maxxia’s car leasing calculator here. Use Maxxia's calculator to compare the costs and benefits of novated leasing different types of cars. An indicative annual vehicle management service fee of $275. But if you prefer to use your time for other things, to outsource your life admin to free up time for more enjoyable things like friends and family, then a fully maintained novated lease allows you to relax knowing your account is being actively managed by Maxxia. Maxxia Pty Ltd | ABN 39 Maxxia Pty Ltd | ABN 39 082 449 036 act as an authorised representative on behalf of a number of Australian financial services licensees. Please note that Susie’s ability to salary package is dependent on the industry she works in and her employer’s policy. Here you will find benefit information, downloadable forms and our salary packaging and novated leasing calculators. The capacity in which we act and the financial services we are authorised to provide are set out in our Financial Services Guides. The Fringe Benefits Tax Exempt Maxxia has been one of Australia’s leading novated leasing providers for almost 30 years now, and we’ve gained plenty of mates along the way. Mar 21, 2025 · In March 2024, the ATO released a simplified guideline to help EV-novated lease customers calculate the cost of electricity for home charging. Your Employer's Code. This amount doesn’t include other salary packaging benefits she could be entitled to, including Meal Entertainment (up to $2,650 each year) and salary packaging a car through a novated lease. Go to calculator. It's why both you and your employees will discover that novated leasing with Maxxia is about so much more than a car. We get that searching for a used car can seem a little daunting, so let us take on the heavy lifting for you by tapping into our nationwide network of dealer partners — including Just Honk , our sister company that A novated lease is a three-way agreement between you, your employer, and a finance company that allows you to lease a car. So if you have a five-year lease, you have five years to work out the option that best suits you and how you want to deal with the residual. Maxxia is one of three approved suppliers of Novated Leases to NSW Health. By making after-tax as well as pre-tax payments you reduce the taxable value of your car and minimise the risk of FBT liability at the end of the FBT year (31 March). A novated lease is a three-way agreement between you, your employer, and a finance company that allows you to lease a car. Jul 1, 2024 · Novated leasing is all about the convenience of having all your budgeting and running costs taken care of by Maxxia, while also enjoying the potential tax savings that come with utilising your employee benefit. By making after-tax as well as pre-tax payments you could reduce the taxable value of your car to $0, and minimise the risk of FBT liability at the end of the FBT year (31 March). A novated lease can put you behind the wheel of a car you might not usually be able to afford – regardless of your income. The potential benefits of electric cars and EV novated leasing with Maxxia. Maxxia Marketplace; Novated Lease Calculator; Running Cost Calculator; Regulated leasing and related services are provided by Onboard Finance Pty Ltd ABN 18 645 The indicative price quoted for the novated lease is based on vehicle quotations Maxxia has received within the last 45 days and does not include any optional extras. Things you need to know: Maxxia is an approved novated lease supplier on the NSW Health Administration Corporation Novated Leasing Panel. . Novated leasing a new car is a great way to potentially save tax on your payments and running costs. Known as the ‘shortcut method’ and geared towards people who do most of their charging at home, and don’t have a dedicated fast charger or separate meter, it allows Maxxia Marketplace; Novated Lease Calculator; Running Cost Calculator we manage 385,708 salary packages and 77,377 novated leases. The claim “you need to earn big to benefit from a novated lease” is probably the myth we have to debunk most. The outrage is justified when there's a possibility of self-managed novated leasing where you organise your own financing and end up $5k/y better off. The car is leased in your name, and we arrange payment of the lease repayments and car running costs on your behalf, using a combination of your pre-tax and post-tax salary. Use our novated lease calculator to easily estimate your novated lease payments and tax savings. NSW Health Administration Corporation strongly recommends that you obtain independent financial advice prior to entering into, or changing the terms of, a A standard novated lease calculation, the ECM – or "employee-contribution" method – helps offset any FBT you may be liable to pay on your novated lease. Sep 18, 2024 · If you’re thinking about a plug-in hybrid novated lease, make sure your novated lease is finalised and the car is in your hands before 31 March 2025 to take advantage of the EV Discount. Compare different options and explore the benefits of Maxxia's services. Maxxia has been one of Australia’s leading novated leasing providers for almost 30 years now, and we’ve gained plenty of mates along the way. Mar 21, 2025 · In 2024, the ATO released a simplified guideline to help EV-novated lease customers calculate the cost of electricity for home charging their battery electric vehicles. The indicative price quoted for the novated lease is based on vehicle quotations Maxxia has received within the last 45 days and does not include any optional extras. For an employee earning a salary it's the smartest way to get a new car. Nov 16, 2023 · Car Offers & Calculators. Compare costs on almost 2,000 EV, hybrid, petrol and diesel cars. The Fringe Benefits Tax Exempt Maxxia Pty Ltd does not provide you with any form of financial, taxation or financial product advice on the relative merits of salary packaging or novated leasing or on any other basis. Maxxia Pty Ltd | ABN 39 082 449 036 act as an authorised representative on behalf of a number of Australian financial services licensees. Use Maxxia's calculators to find out how much you could save on a novated lease, salary packaging, or running costs. A novated lease bundles all of your car lease repayments and running costs into one regular payment directly from your pay. For Maxxia customers in the 12 Maxxia is one of three approved suppliers of Novated Leases to NSW Health. 1. GST) has been included in your operating expenses. Maxxia Pty Ltd | ABN 39 082 449 036 act as This simply isn’t true, and it’s why thousands of Maxxia customers take out novated leases on used vehicles every year. What that means is access to some of the best deals and manufacturers across the country. As electric vehicles become more and more popular it’s nice to know that your novated lease could also benefit the environment as Under your novated leasing arrangement, Maxxia will collect any FBT liability incurred on behalf of your employer. 484063) to provide credit assistance to you. Your residual payment is due on the final day of your lease and must be paid directly to the financier. We’re revolutionising salary packaging and novated leases by giving our customers unprecedented control with an accessible, user-friendly digital experience that offers real-time tracking, the ability to make adjustments directly , and lightning-fast claims - all with verifiable results and complete visibility. These are just indicative figures to let you see how it all works. * Novated Lease example: The estimated potential tax benefit is over the full-term of the lease (5 years) exclusive of GST and is based on the assumption that you would salary package using Employee Contribution Method (ECM) for the petrol vehicle and Fringe Benefits Tax Exempt Method for the electric vehicle. A novated lease is a three-way agreement - between you, your employer and a financier - to lease your chosen car. Any optional extras that you choose will affect the cost of the novated lease and residual value. There are a bunch of "EV novated lease calculator" out there but most of them are incomplete for multiple reasons: Failing to label pre-tax vs post-tax money clearly Describing the saving without a reference point - saving over what, a traditional loan, offset cash or a straight-out cash? The indicative price quoted for the novated lease is based on vehicle quotations Maxxia has received within the last 45 days and does not include any optional extras. Recently Published. Onboard Finance authorises Maxxia Pty Ltd ABN 39 082 449 036 (Credit Representative no. Maxxia Marketplace; Novated Lease Calculator; Running Cost Calculator; Regulated leasing and related services are provided by Onboard Finance Pty Ltd ABN 18 645 Now a standard novated lease calculation, the ECM – or "employee-contribution" method – helps offset any FBT you may be liable to pay on your novated lease. Terms and conditions Maxxia Pty Ltd | ABN 39 082 449 036 act as an authorised representative on behalf of a number of Australian financial services licensees. Jun 28, 2023 · No surprises, please. Car Offers; Maxxia Marketplace; Novated Lease Calculator; Novated leasing Novated leasing. Maximise employee * Novated Lease example: The estimated potential tax benefit is over the full-term of the lease (5 years) exclusive of GST and is based on the assumption that you would salary package using Employee Contribution Method (ECM) for the petrol vehicle and Fringe Benefits Tax Exempt Method for the electric vehicle. (For example, an employee earning $90,000 could potentially save $2,572 a year on a novated lease). The CommBank online novated leasing finance quotes are more than $500 per month cheaper than the quotes from novated leasing companies. Novated Leasing, the Maxxia way As one of Australia’s largest novated leasing providers , we’re about helping you get the car you want while also providing the convenience and potential tax savings that come with salary packaging a car . Regulated leasing and related services are provided by Onboard Finance Pty Ltd ABN 18 645 542 776, Australian Credit Licence no. guuyq ctylp ienjs rrlwahh qyh avvipj cjls yalwwt zxlrt enjw