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.
The FBT year runs from April 1 to March 31, and once the clock ticks over a new cap limit is allocated – so you should try to spend your full cap limit within that 12 month period in order to receive your full entitlement.
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