If I was to take a novated lease on an ev, using the fbt exemption, will my employer pay super on my reduced salary?
1,821 views
1,821 views3 replies
3 replies
1,821 views
3 replies
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
Hi @benxb9r,
Yes, salary sacrificing to a novated lease does reduce the super guarantee(SG).
When you've taken a novated lease, this is a salary sacrifice arrangement. From 1 January 2020 the only salary sacrifice amounts that cannot reduce SG are to super.
Someone has asked a similar question on a previous post see our full explanation.
*edited by moderator for accuracy 17/05/2024
All replies
Hi @benxb9r,
Yes, salary sacrificing to a novated lease does reduce the super guarantee(SG).
When you've taken a novated lease, this is a salary sacrifice arrangement. From 1 January 2020 the only salary sacrifice amounts that cannot reduce SG are to super.
Someone has asked a similar question on a previous post see our full explanation.
*edited by moderator for accuracy 17/05/2024
Hi Wendy,
you advise contradicts to the last response on the post you have referred. The last response on March 2024, says that it is only the SS for super which can not reduce SG, however SS for novated payments will reduce SG, can this be confirmed
Hey @Kris_2024,
Thanks for letting us know we have edited the previous response to that noone else gets confused.
Featured articles
22 Apr 2024 · 6 min read time
15 Apr 2026 · 5 min read time
15 Apr 2026 · 4 min read time