Thinking of salary sacrificing an EV? Good on you for trying to save some green while going green. In Australia, salary sacrificing an electric vehicle can be a savvy move, potentially lowering your taxable income and making that shiny EV more affordable. However, the exact benefits depend on your employer's policies and the specific EV model.
Keep in mind, novated leases are the typical salary sacrifice method for cars here. Your payments come out of your pre-tax salary, which might lower your income tax, but also affects your superannuation and other entitlements. New EV prices usually start around $40,000 AUD for entry-level models, with used ones available on Tradingpost or CarShowroom for less.
Always chat with your HR or a financial advisor before diving in, and check out ServiceCentral for servicing options to keep your EV humming.
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