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LeoLiu86's avatar
2 years ago

Novated Lease and SGC

Hello All & IanChait 

 

Just checking to confirm if Novated Lease reduces SGC or not

From ATO Community I found salary sacrifice into super doesn't reduce SGC. Novated Lease is considered Fringe Benefit, thus not OTE, thus reduce SGC (Example of Sharon)

https://www.ato.gov.au/law/view/document?DocID=GDN/GDN20201/NAT/ATO/00001&PiT=

https://community.ato.gov.au/s/question/a0JRF000000CN7J2AW/p00257554

 

The reason querying is because the contradicting reply below. Just want to be 100% sure doing the right thing

https://community.myob.com/t5/AccountRight-Staffing-and/Novated-lease-and-superannuation/td-p/631087

 

Appreciate your assistance.

 

Kind Regards

Leo Liu