What is an FBT exemption cap?
Depending on their role, employees whose employers have an FBT exemption cap (also known as “above the cap” benefits) can package up to a cap limit on full FBT items (health industry workers may be able to package to $9,010 each year*; charity workers, $15,900). Employees whose employers do not have an FBT exemption cap (or “uncapped” benefits) cannot package full FBT items, but may be eligible to package FBT exempt items.
*Please note: This is not available for all health industry workers
Did you know:
you can claim your expenses online?