Salary Packaging Novated leasing Calculator Claims Help
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Information is current as at 1 April 2022 and is subject to change without notice.
*The total vehicle package cost has been determined by the net effect a novated lease package will have on pay using
the Employee Contribution Method, the parameters you have input and the ATO minimum residual value percentage based on
your nominated lease term. **Savings over your lease term are based on income tax and GST savings over the lease term
in comparison with alternative consumer finance options. Your individual circumstances have not been taken into
consideration and this may affect the overall cost and benefit of a novated lease. This information is not intended
as a substitute for financial and/or tax advice which you should obtain. Credit criteria, fees and charges and terms
and conditions apply.
***Share of Savings: Salary packaging results in a tax saving for employees. As a NSW Health employee, the arrangements for your salary packaging are based on a 50% share of savings arrangement. This means that the tax saving achieved through novated leasing, is shared equally between you and your Local Health District. You receive half of the tax savings and the other half is reinvested into the promotion and growth of Australia’s largest health agency – NSW Health. Staff specialists receive a different share of savings. Please contact our team for more information.