Novated leasing for healthcare workers

Find out how much you could save on a vehicle as a nurse, doctor or other healthcare employee with a novated lease.

We can help health workers get a great deal on a novated lease, even if your employer has an existing salary packaging provider.

What do healthcare workers get from a novated lease?

  • Get a discount on regular upfront vehicle costs.
  • Plus, save up to a further $6,191 immediately on GST from the purchase price.
  • Pay for your car with your pre-tax income to save on tax (salary sacrifice your car).
  • The car can be used 100% for your personal use.
  • Choose a new or used vehicle to novate.
  • Add car expenses (like insurance, registration, fuel, servicing, and tires) to your pre-tax payments.
  • Save on GST for those recurring expenses too.
  • No fringe benefits tax on a novated lease for eligible electric or plug-in hybrid vehicles.
  • Take your lease with you if you switch employers.
  • Pick from a variety of options that suit your needs when the lease is up.
Your next EV with Novated Lease Australia

Novated lease example: How much can you save?

The amount you can save in tax with a novated lease can be significant. And you can save regardless of what healthcare income band you're in, as long as you are paying tax.

Here's a hypothetical example where a Department of Health employee who leases a Tesla Model 3 RWD with a purchase price of $66,100 over a 5-year term.

For this calculation we've assumed the healthcare worker is based in NSW and has an annual pre-tax salary of $120,000. For the comparison, we've used a car loan interest rate of 7.5% p.a. and car running costs (insurance, registration, servicing and tyres) based on 15,000kms annually. The vehicle is eligible for the FBT exemption for zero and low emission vehicles.

Of course, this is just an example. The actual numbers will depend on your circumstances and the car you buy. But it gives you an idea of the potential savings for nurses, doctors, physios, OTs, pharmacists and anyone else employed by a department of health eligible for a novated lease.

Electric vehicle novated lease fringe benefits tax saving example compared to car loan and buying car outright
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No FBT for EVs and PHEVs

An increasingly popular option for healthcare professionals we work with is to novate a zero or low emission vehicles. This is due to the generous fringe benefits tax (FBT) exemption that applies. It means there is $0 FBT to be paid by you or your employer which adds up to thousands of dollars in extra savings.

You can view a full list of the vehicles that are eligible for the FBT exemption to see what options are available.

How can Novated Lease Australia help healthcare workers?

We can help healthcare workers across all of the state and territory government health departments with novated leasing a vehicle:

  • Australian Government Department of Health and Aged Care
  • ACT Health
  • NSW Health
  • NT Health
  • SA Health
  • Tasmanian Department of Health
  • Department of Health Victoria
  • WA Health

Even when the employer has a preferred salary sacrificing partner (which is often the case for health workers), our team will work to provide you with a highly competitive quote.

people

"The other companies were quite satisfied in quoting excessive costs and simply failed to follow up in a prompt manner, if at all. NLA, Eddie and their support team have been excellent to deal with and all in all I have had a very easy and painless introduction to novate leasing. I have no hesitation in recommending NLA and Eddie." - Chris Kalmar

Here's what we can do for you

  • We'll help you find and buy a car, using our fleet purchasing power to get a discount on the regular price.
  • We'll find and negotiate the best novated lease deals for you from a variety of providers.
  • Based on your estimated vehicle usage, we'll calculate your car expenses and include them in your lease budget.
  • We'll take care of all the paperwork and work with your employer and salary sacrificing provider to ensure you save as much tax as possible.
  • We'll help you understand the process, including at the end of the lease when it comes time to decide whether to extend the lease or pay it off.
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Other Department of Health and Aged Care agencies we can help

  • Aged Care Quality and Safety Commission
  • Australian Commission on Safety and Quality in Health Care
  • Australian Digital Health Agency
  • Australian Institute of Health and Welfare
  • Australian National Preventive Health Agency
  • Australian Radiation Protection and Nuclear Safety Agency
  • Australian Sports Commission
  • Australian Sports Foundation Limited
  • Cancer Australia
  • Food Standards Australia New Zealand
  • Independent Health and Aged Care Pricing Authority
  • National Blood Authority
  • National Health and Medical Research Council
  • National Health Funding Body
  • National Mental Health Commission
  • Organ and Tissue Authority
  • Professional Services Review
  • Sport Integrity Australia

Written by

Bevan Guest - NLA CEO

CEO

Bevan Guest

Reviewed by

Sean Callery Editor Novated Lease Australia

Editor

Sean Callery

NovatedLeaseAustralia.com.au
Our Office Locations

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VIC

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Company

Novated Lease Australia Pty Ltd

ABN: 69 659 639 004

ACN: 659 639 004

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