About NovatedCalc
We're an independent Australian finance resource on a mission to make novated leasing transparent, accurate and easy to understand for every employee — not just finance experts.
Our story
NovatedCalc started in 2023 after our founders watched friends and family sign novated lease contracts without truly understanding the numbers. Quotes from packaging providers looked impressive but often hid important details: residual values, FBT, running cost assumptions and the impact on take-home pay.
We built NovatedCalc to fix that. Our free calculator gives every Australian salary earner a clear, ATO-aligned view of what a novated lease will actually cost — and save — before they sign a single document. No quotes, no email gates, no sales calls.
What we believe
Financial tools should be transparent and accessible. You should see the formula behind your monthly repayment, the residual schedule applied to your lease term, the marginal tax bracket used to compute your savings, and the FBT treatment for your vehicle type. Hiding those numbers behind a sales funnel does not serve the person about to commit to a five-year contract.
We also believe Australia's shift to electric vehicles deserves honest, well-explained tools. The EV FBT exemption is a genuinely generous policy, but it only helps people who understand it. Our calculator and our blog work together to close that knowledge gap.
Who we are
A small team of finance, automotive and software specialists helping Australians make confident decisions about novated leasing and salary sacrifice.
Independent experts
We're not tied to any leasing company, dealership or car manufacturer. Our recommendations are unbiased by design.
Australian tax specialists
Deep working knowledge of ATO rulings, FBT legislation and the salary packaging industry.
Modern tooling
We use up-to-date software to deliver instant calculations that traditional spreadsheets cannot match.
Our mission
Provide transparent, accurate and freely accessible novated lease calculations so every Australian worker can make an informed decision about salary sacrifice.
Transparency first
Every formula and assumption is documented. No hidden fees, no opaque markups.
Educational focus
We don't just hand you a number — we explain what it means and how it was calculated.
Always up to date
Updated for the latest ATO marginal tax brackets, Medicare levy and FBT guidance.
Always free
Financial literacy tools should be accessible to everyone. No sign-up required.
Why trust our calculator?
- Aligned with current Australian marginal tax brackets and Medicare levy
- Implements the EV FBT exemption under the Electric Car Discount Act
- Applies the ATO minimum residual schedule for every lease term from 12 to 60 months
- Includes realistic running cost ranges for petrol, hybrid and electric vehicles
- Plain-English explanations beside every input and output
- No data is stored — every calculation runs locally in your browser
Editorial policy
All articles on NovatedCalc are written or reviewed by team members with direct experience in Australian salary packaging. We cite ATO rulings and government sources where possible, update older posts when tax rates change, and clearly label any sponsored content. NovatedCalc does not currently accept paid placements within calculator results.