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Novated Lease Calculator
Australian novated lease calculator for EV, PHEV and petrol — AU 2026 Budget FBT phases, ATO residuals (TD 93/142), correct PMT balloon, running costs, ECM and split-lease comparison.
Introduction
The Novated Lease Calculator embeds the interactive AU 2026 Budget / ATO-style novated lease engine for battery electric (BEV), plug-in hybrid (PHEV), and petrol/diesel vehicles.
Model salary sacrifice savings with correct balloon PMT finance, ATO minimum residuals under TD 93/142, 2026 Budget FBT phase schedule, packaged running costs, employee contribution method (ECM), and optional split-lease renewal comparison.
What the AU 2026 Budget engine covers
- FBT phases: full exemption caps, LCT threshold, Phase 2 (Apr 2027) and Phase 3 (Apr 2029) statutory discounts
- Finance: ex-GST principal, APR, residual %, weekly / fortnightly / monthly display
- Tax: 2026–27 marginal brackets plus optional Medicare levy
- Outputs: take-home impact, income tax saved, GST savings, ECM post-tax, net benefit vs cash, year ledger, CSV / PDF export
Interactive tool source: Novated Lease Calculator v2.1.
General information only — not financial or tax advice. Confirm with a registered tax agent.
How It Works
- Choose vehicle type (BEV, PHEV, or petrol/diesel)
- Enter salary, Medicare preference, driveaway price, lease start, term, and APR
- Add annual running costs packaged pre-tax where FBT-exempt
- Optionally open Policy Sandbox to stress-test Budget caps and phase dates
- Review KPIs, year ledger, balloon residuals, and split-structure comparison
Formula Used
PMT = (P − RV×(1+r)^−n)×r/(1−(1+r)^−n); ECM = car×statutory rate; Tax saved = pre-tax×MTR
Examples
Example: a BEV under the $75,000 full-exempt cap on a 3-year lease uses a 46.88% ATO residual, 0% statutory FBT while Phase 1/2 exemption applies, and packages running costs pre-tax to multiply PAYG savings.
Frequently Asked Questions
What is a novated lease calculator?
It estimates salary-sacrifice lease payments, FBT / ECM costs, tax savings, and take-home pay impact for packaging a vehicle through your employer in Australia.
What does AU 2026 Budget mean here?
The embedded engine applies the 2026 Budget electric car FBT phase schedule (exemption caps, LCT threshold, Phase 2 from 1 Apr 2027, Phase 3 from 1 Apr 2029) alongside ATO residual guidance.
Are PHEVs still FBT exempt?
No. PHEV FBT exemption ended 1 April 2025. PHEVs and petrol/diesel attract the full 20% statutory rate in this model.
Is this financial advice?
No. Results are general information only. Always confirm with a registered tax agent or licensed adviser.
Where does the interactive engine come from?
The AU 2026 Budget calculator is embedded from akeelrehman.github.io/novated-lease-calculator (v2.1).