When it comes to novated lease tax savings, most people wait for the EOFY rush. But here’s a little tip from those in the know: August is actually one of the most strategic months to get started.
With a clean financial slate, now’s your chance to lock in tax benefits that can boost your take-home pay and reduce your taxable income. Here's how.
You’re Fresh Off Your Tax Return And Ready to Save More
August is when your most recent tax return is fresh in your mind. Maybe you’ve just realised how much of your income went to the ATO... and now you’re asking the right question:
“How can I lower my taxable income this year?”
A novated lease offers a simple, compliant way to do exactly that. By salary packaging your car, you use pre-tax income to cover vehicle expenses like:
This reduces your taxable income and increases your take-home pay throughout the year.
If you’re looking for tax savings with a novated lease in Australia, August is the perfect time to act. You’ll gain the full-year benefit of your tax reductions, maximising your results with minimal stress.
August Gives You Maximum Runway for Tax Optimisation
Starting a lease now sets you up to make the most of your pre-tax benefits over the entire financial year. Here’s why timing matters:
Spread your salary deductions evenly over 12 months
Avoid the pressure and vehicle stock crunch at EOFY
Plan your budget more accurately
Choose the exact vehicle you want
If you're considering a novated lease for tax savings, don’t wait for June. Getting started in August is cleaner, simpler, and gives you the edge.
Don’t Miss Out on EV Tax Exemptions and GST Savings
Eligible electric vehicles (EVs) are still FBT-exempt under the Australian Government’s EV Discount. That’s a huge opportunity if you’re considering a Tesla, Polestar, BYD or Kia EV.
Pair that with the fact that a novated lease gives you GST savings (you don’t pay GST on the car purchase price or most running costs) and the numbers start to really stack up.
Want to see how this could work for your salary and car of choice? Our savings calculator makes budgeting Easi.
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Avoid End-of-Year Delays and Paperwork Jams
As the year progresses, vehicle availability shrinks, lead times blow out, and delivery before Christmas becomes a gamble.
When you start your novated lease in August:
Stock levels are better
Paperwork moves fasterYou’re more likely to get the vehicle you want, when you want it
It’s a strategic window, and smart operators take advantage before the bottlenecks begin.
August Is for the Tax-Savvy
While EOFY gets all the hype, August is when the financially savvy make quiet, calculated moves to lock in a year of tax savings.
There’s no noise, no pressure - just good timing and smart planning.
So if you're ready to unlock novated lease tax savings (and take advantage of GST benefits along the way), there’s no need to wait. You’re perfectly positioned to take control of your finances for the entire year.
Start Your Tax-Saving Journey Now
Not sure how much you could save Use our novated lease calculator for a quick, tailored estimate. Easily customise your estimate based on your income, your vehicle, and your goals.
