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Novated Lease Check

EV novated lease calculator

This calculator is preset for a battery electric car, with the 2026-27 FBT exemption applied when the ATO conditions are met: first held and used on or after 1 July 2022 and luxury car tax never payable. Change the "FBT rules" option to see the announced 2027 and 2029 scenarios, which are not yet law. Source: ATO.

The rules are set out in detail on EV FBT exemption and the LCT threshold. For a petrol or used car, use the main novated lease calculator or the used car page.

You Before salary packaging. Australian resident rates for 2026-27.
The car The part of the drive-away price that is registration and stamp duty. It is excluded from the FBT base value. The EV exemption depends on this, not on the price. Check with the dealer if unsure.
The lease Defaults to 1 April, the start of the FBT year. Any other date pro-rates FBT by days available ÷ days in the FBT year (365, or 366 in a leap year). ATO Defaults to the ATO minimum residual value for the term. Change it to use your lessor's figure. Example only, not a quoted rate. Use the rate from your quote. Charging or fuel, registration, insurance, tyres, servicing.
Assumptions Off by default. Applies 1/11 to the car price excluding registration and stamp duty, and to GST-bearing running costs only. The car credit is capped at $6,353, 1/11 of the 2026-27 car limit of $69,883 (ATO). The part of your running costs that includes GST (for example charging, tyres, servicing). Only used when the GST assumption is ticked.

Sources: ATO tax rates · ATO FBT rates · ATO EV exemption · ATO luxury car tax · Announced changes · Every step: methodology

What changes between a BEV and a plug-in hybrid?

With the same $60,000 price and inputs, the BEV is exempt and the PHEV (no pre-existing commitment) is not. The PHEV's FBT taxable value is $12,000 a year, paid from post-tax pay, so its net cost is $16,920 a year against $13,080 for the BEV. ATO source

Price ceiling

The calculator relies on your confirmation that LCT has never been payable. If the drive-away price is above the 2026-27 LCT fuel-efficient threshold ($91,661) it warns you to check with the dealer, but does not override your answer (we have not verified how the LCT value is measured). ATO source

Frequently asked questions

Is there an FBT exemption for electric vehicle novated leases?

Yes, for zero or low emission cars first held and used on or after 1 July 2022 where luxury car tax was never payable. It is still a reportable fringe benefit. Source: ATO.

How to claim EV charging on a novated lease?

Charging can be included in packaged running costs, which the calculator treats as part of the package. How home charging costs are worked out and evidenced is not in our verified sources; ask your lessor and see the ATO.

How much does an EV cost on a novated lease?

In our example a $60,000 BEV on a $100,000 salary over 3 years at an example 8% rate costs about $503 a fortnight after tax savings, plus a $28,128 residual. Your figures will differ.

By . Published by Abdisalan Awale, ABN 64 886 470 398 (about us). Last reviewed 17 Oct 2026 against the sources on our sources page. Not yet reviewed by a qualified third party. How we calculate: methodology.