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 Liu229Views0likes0Comments