🇦🇺 Australia · 2026 Budget · ATO Compliant · v2.1

Novated Lease Calculator

EV, PHEV and petrol — correct PMT, ATO residuals, 2026 Budget FBT phases, running costs, split-lease comparison.

✓ 2026 Budget FBT phases ✓ ATO residuals TD 93/142 ✓ Correct PMT balloon formula ⚠ General info only — not financial advice

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Vehicle Type

BEVs & hydrogen fuel-cell vehicles: eligible for FBT exemption under the 2026 Budget phase schedule.

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Your Profile

Gross Annual Salary ($)

Determines your marginal tax rate and PAYG savings.

Other Pre-Tax Salary Sacrifice ($/month) e.g. super top-up

Applied before the vehicle deduction to find your true taxable income.

Include 2% Medicare Levy

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Vehicle & Lease Finance

Vehicle Driveaway Price ($ incl. GST)

Incl. GST. Stamp duty & rego excluded from FBT base value.

Lease Start Date

Lease Term

Finance APR (%)

Market typical: 7–12% p.a.

Residual % ATO min

1y=65.63 · 2y=56.25 · 3y=46.88 · 4y=37.50 · 5y=28.13

Show Payments As

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Annual Running Costs

Packaged pre-tax during FBT-exempt periods, multiplying your tax saving. Enter realistic annual estimates.

Electricity / Charging ($)

Insurance ($)

Registration & CTP ($)

Servicing ($)

Tyres ($)

Roadside Assist. ($)

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Policy Sandbox▶

Defaults = confirmed 2026 Budget. Adjust to stress-test alternative scenarios.

Full exempt cap ($)

EVs at or below this price are fully exempt (Phases 1 & 2). Budget 2026: $75,000.

LCT fuel-efficient ($)

EVs above this price get no discount (full 20% applies). 2025-26: $91,387.

Phase 2 start

After this date, the $75k–LCT band gets a 25% FBT discount. Budget 2026: 1 Apr 2027.

Phase 3 start

After this date, all sub-LCT EVs get the 25% discount. Budget 2026: 1 Apr 2029.

Post-phase-3 statutory rate (%)

Statutory rate for eligible EVs in Phases 2 & 3 (25% discount from 20% base). Budget 2026: 15%.

2026 Budget FBT Phase Schedule (BEV only)

Now → 31 Mar 2027: BEV ≤$75k = 0% (exempt). BEV $75k–LCT = no discount. ICE/PHEV = full 20%.

1 Apr 2027 → 31 Mar 2029: BEV ≤$75k = still exempt. BEV $75k–LCT = 25% discount (15% rate). ICE/PHEV = 20%.

From 1 Apr 2029: All sub-LCT BEVs → 25% discount (15% statutory). Grandfathering ends for new leases.

Grandfathering: Rate locks in at arrangement start. A renewal = new arrangement, new rate.

FBT Status

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Finance Payment

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Pure lease repayment only

Total Pre-Tax Deduction

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Finance + running costs (pre-tax)

Take-Home Pay Impact

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Actual reduction to net pay

Marginal Tax Rate

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Incl. Medicare if checked

GST Saving (Purchase)

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Employer claims input tax credit (1/11)

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Balloon Payment(s) Due at End of Lease

At lease end you owe this amount — options: pay cash, refinance, or trade in / return the vehicle.

Total Savings

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Income Tax Saved

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From pre-tax salary sacrifice

ECM Post-Tax Total

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Your post-tax contribution to eliminate employer FBT. $0 when fully exempt.

Net Benefit vs Cash

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After interest & ECM costs

Year	Finance Pymt	Total Pre-Tax	Take-Home Impact	ECM Post-Tax/yr	FBT Status	Tax Saved/yr

📊 Is the lending cost eating your tax saving? (Option A)

Disclaimer & Sources
General information only — not financial or tax advice. Always consult a registered tax agent.

Sources: ATO FBTAA 1986 s.7 (statutory formula) · TD 93/142 (residual values) · Budget 2026-27 Paper No.2 — Electric Car Discount · ATO Income Tax Rates 2026-27 · AusTax.tools FBT Electric Car Discount Reform May 2026 · ATO Electric Cars Exemption.

Key assumptions: FBT base = driveaway price incl. GST (ATO statutory formula). Stamp duty & rego excluded. Running costs pre-tax when FBT-exempt. ECM post-tax = car base × statutory rate (zeros employer FBT). Residuals per TD 93/142 (8-yr effective life). Tax brackets 2026-27. Split renewal = new arrangement (ATO grandfathering). PHEV: exemption ended 1 Apr 2025. ICE/Petrol: full 20% statutory rate always. Total Savings = income tax saved + GST on vehicle + GST on running costs. Take-home pay impact = pre-tax deduction × (1 − marginal tax rate) + any ECM post-tax.