Novated bike lease
Reduce one of the big barriers to riding to work by providing staff with the option to purchof an electric bike (e-bike) novated lease. A recent ATO ruling means that an e-bike novated lease is classified as a residual fringe benefit. The lease is fringe benefit tax (FBT) exempt if your private use of the e-bike is limited to travelling to and from work and minor, infrequent and irregular no-work-related use.
You might like to explore any other fringe tax benefits implications for your business.
Let us know the process you went through to be able to offer novated leases for e-bikes at your workplace. Check out our short video on e-bikes in the workplace for a bit of inspiration.