Novated lease calculator
                              Car cost including GST                                 $        65,000                                                                                                                                           59,091 
                              Business use percentage                                               0% (proportion of use for business purposes)                                                                                               59,091 
                              Your taxable income/salary                              $     150,000  (Pre-tax not including super contributions)                                                                                                                                     Typical residual value
                              Residual value                                                      47%                                                                                                                                                                         Lease term             Residual value
                              Kms travelled per year                                           15,000  (use to estimate running costs)                                                                                                                                        1 year                                65%
                              Lease term                                                              3 (in years)                                                                                                                                                            2 years                               56%
                              Novated lease interest rate                                      7.50% (normally between 5% and 10%)                                                                                                                                            3 years                               46%
                              Standard lease interest rate                                     3.00% (normally between 3% and 4%)                                                                                                                                             4 years                               37%
                              Monthly fee (novated lease)                            $          20.00                                                                                                                                                                         5 years                               28%
                                                                                                                       With novated lease                                     Without novated lease
                              Car's running costs
                              Finance lease                                                                $                              12,331.71                   $                              12,726.83 
                              Insurance                                                                    $                                2,363.64                   $                                2,600.00 
                              Monthly fees                                                                $                                    240.00                  $                                            -   
                              Registration                                                                $                                    800.00                 $                                    800.00 
                              Fuel                                                                         $                                1,865.45                   $                                2,052.00 
                              Maintenance                                                                  $                                1,363.64                   $                                1,500.00 
                                                                                                           $                              18,964.43                   $                              19,678.83 
                              Cash flow impact
                              Pre-tax income                                                              $                            150,000.00                     $                            150,000.00 
                              Less pre-tax deduction                                                       $                                7,146.25                   $                                            -   
                              Taxable income                                                              $                            142,853.75                     $                            150,000.00 
                              Less tax                                                                     $                              40,779.59                   $                              43,566.63 
                              Net annual income                                                           $                            102,074.16                     $                            106,433.37 
                              Less post-tax deduction                                                      $                              13,000.00                   $                              19,678.83 
                                                                                                           $                              89,074.16                   $                              86,754.54 
                              After-tax saving                                                             $                                2,319.61 
                              Important information: The information which you calculate from this Calculator is intended for use by you as a guide 
                              only, it is not an offer and has no legal effect on any contracts entered into by you 'the client'. This simulation and the 
                              resulting calculations do not constitute taxation advice. The figures and formulae used within this calculator may change 
                              at any time without notice.
                              ProSolution Private Clients accepts no responsibility for any losses arising from any use of or reliance upon any 
                              calculations or conclusions reached using the calculator.