EV Novated Lease NFA EV Novated Lease NFA

Are Novated Leases for EVs Worth It?

If you’ve signed up for a novated lease, you might be wondering whether you can claim car expenses on your tax return. The answer is a little more complex than a simple yes or no. A novated lease is a salary packaging arrangement where your employer deducts your car-related expenses, such as lease payments, fuel, and maintenance, directly from your pre-tax income. This gives you tax savings upfront.

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