How are your savings calculated?
Lease calculations: post-tax
A percentage of the base value of the car you are leasing will be paid using post-tax dollars – that is, your regular salary after-tax.
The percentage figure is known as the statutory percentage and ranges from 10% to 20% depending on the year and the distance you travel in that year.
See the table below to determine what bracket you fall into.
You'll need to estimate how many kilometres you expect to travel at the beginning of the FBT year. The FBT year begins 1 April and ends 31 March.