Thinking about salary sacrificing an EV, are we? In Australia, salary sacrificing an electric vehicle can be a savvy move, slashing your taxable income and making your wallet a bit fatter while saving the planet. New EVs typically range from about $45,000 to $120,000 AUD, with used options considerably cheaper. Keep in mind, the FBT (Fringe Benefits Tax) rules can be a bit of a minefield, but many employers and fleet providers handle the nitty-gritty for you.
Salary sacrificing means you pay for the EV out of your pre-tax salary, so you end up paying less tax overall. Just make sure to check with your HR or payroll department, and maybe poke around CarShowroom or Tradingpost to get a grip on prices. Always consult a financial advisor to dodge any unexpected tax traps.
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