What happens if the rate of fringe benefits tax changes?
As part of the salary packaging arrangement between the employer and employee, the employee usually takes responsibility for any fringe benefits tax cost. If the rate changes, it impacts the tax rate of your salary package, and may require you to review the amount that you salary sacrifice, to maintain the same benefits. If the FBT rate changes, either your employer or salary package provider will advise you of how this impacts you.
