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What happens if I exceed the kilometre target and reach the next FBT bracket kilometre target?

April 26, 2017bracket exceed fbt happens kilometre REACH target

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What happens if I exceed the kilometre target and reach the next FBT bracket kilometre target?

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The greater distance travelled is likely to have resulted in greater running costs being incurred. The unused FBT may be required to offset the additional running cost expenditure. Importantly, this means that no additional pre-tax deductions from your salary are likely to be required.