EMPLOYEE BENEFITS – CHARITABLE EMPLOYERS
Employer tax Status
The Fringe Benefits Tax Assessment Act (FBTAA) categories all Australian businesses and organisations into three categories for the calculation of Fringe Benefits Tax (FBT).
As an employee of a Public Benevolent Institution (PBI) you are eligible to salary package a component of your annual salary TAX FREE to pay household expenses!
Tax Exempt Amounts for 2021/22
PBI Expense Payment Benefit
Cash Value
$15,900
Grossed Up Value
$30,000 gross-up
Meal & Entertainment
Cash Value
$2,650
Grossed Up Value
$5,000 gross-up
what can I spend this on?
You can allocate the funds to whatever expenses you want, as per the icons below. Remember, you cannot take this as cash salary, it must go to meet expenses.
Mortgage
Personal loans
property rental
school fees
credit card
TAX COMPLIANT VISA OR MASTERCARD CARDS
(ACCEPTED WORLDWIDE)
PBI SALARY PACKAGING CARD (SPC)
A debit card that can be loaded with salary sacrificed amount and used to pay for everyday purchases (such as groceries, petrol, household bills and other general purpose items)
No substantiation required, but subject to application
PBI Meal and Leisure Accommodation Card (MLAC)
Allocate an amount of tax free money up to a maximum of $2,650 per FBT Year
This Benefit can cover the expense of Meal Entertainment such as: Breakfasts Lunches, Dinners, Functions, Taxi Fares to and from a function, Venue Hire, Holiday Accommodation. Note: Airfares and other travel costs are NOT included