How Queensland Employees Could Save $1,145 on Fuel with Novated Leasing

Fuel remains one of the biggest ongoing costs of running a car. And with global uncertainty continuing to influence fuel prices, many Queenslanders are looking for practical ways to reduce day-to-day expenses. 

If you're eligible for salary packaging, a novated lease can help. By including fuel in your lease budget, you could benefit from tax and GST savings that may reduce the overall cost of running a car.

In fact, an employee earning $90,000 and spending $3,000 a year on fuel could save around $1,145 annually by packaging fuel through a novated lease.* 

How salary packaging fuel works with a novated lease

One of the most popular features of novated leasing is the ability to include fuel alongside other running costs in your lease budget.
Rather than paying for fuel entirely from your take-home pay, some of the cost can be paid using before-tax salary. This could result in:

• Tax savings
• GST savings
• Budget convenience

While you still pay for the fuel you use, because you pay for some it before tax is applied, you could be better off overall.

Fuel savings example for Queensland employees

Let's look at a practical example.

An employee earning $90,000 a year who spends $3,000 annually on fuel and has a five-year novated lease could save $1,145 a year in tax on fuel.*

*$1,145 estimated annual tax saving is illustrative only and based on a salary of $90,000, a 5-year novated lease and $3,000 annual fuel spend. Actual savings will vary based on individual circumstances. This information is general in nature and does not constitute financial or tax advice.

What other car costs can be included?

Fuel is only one expense that can be included in a novated lease. Other eligible running costs can include:

• Lease repayments
• Registration
• Comprehensive car insurance
• Servicing and maintenance
• Tyres
• Roadside assistance
• Charging costs for eligible electric cars

Including these expenses in one budget can help make car costs more predictable throughout the year and reduce the likelihood of unexpected bills.

Novated leasing: more than a car  

While fuel savings can be significant, they're only one part of the overall value of salary packaging a car.

A RemServ novated lease could also help with:

• Managing car-related expenses
• Accessing potential tax and GST savings
• Budget convenience
• Accessing competitive pricing on a wide range of cars

For many Queensland employees, these benefits can add up over time

Get your estimated novated lease savings

Ready to explore whether salary packaging a car could work for you?

• Use the RemServ novated lease calculator
• Explore our current offers
• Speak to a RemServ consultant about your options