The FBT year runs from 1 April to 31 March, and once the clock ticks over, a new cap limit is allocated – so to ensure you receive your full entitlement you should try to spend your full cap limit within that 12 month period.
When it comes to employment, salary packaging is a “nice-to-have”. So if your employer offers it as part of your benefits package, you’re in luck: it may help you to save money on a variety of expenses.
New Year’s Day for the Fringe Benefits Tax (FBT) year is 1 April. For your salary packaging, it’s a great opportunity to organise your account and set up your packaging so it’s ready for the year ahead.
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