Ordinarily, taking out a novated lease means you might end up having to pay fringe benefits tax (FBT). When you get a petrol or diesel car, Oly reduces that risk by taking some of your lease payments from your pre-tax salary and the rest after tax.
EVs under $89,332 are exempt from the FBT, so Oly can take your whole payment from your pre-tax salary which could reduce your taxable income and put an even bigger smile on your face.
Oly has the answer to most common questions: check out the full FAQs list
Disclaimer: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Employers should independently consider whether a benefits program is appropriate for their organisation and seek advice where appropriate. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your organisation’s approval. Oly may receive commissions in connection with its services.