Extraordinary unlocks pre-tax public transport perks for workers

Extraordinary unlocks pre-tax public transport perks for workers
Extraordinary chief executive Steven Zinsli with Auckland Mayor Wayne Brown in the Waitematā/Britomart train station. (Image: Supplied)
Oliver Lewis
An Auckland-based fintech company has pioneered a solution to save public transport commuters hundreds of dollars a year by taking advantage of changed tax rules.In 2023, the Government enacted legislation to provide Fringe Benefit Tax (FBT) exemptions for employer-subsidised commutes on trains, buses and ferries.However, as Deloitte tax partner Robyn Walker noted in a recent article, employers have faced barriers to making use of the exemption, which was championed by the Green Party as a way of incentivising the use of public transport.E...

More Finance

Critic says Govt 'missing the point' on AML
Finance

Critic says Govt 'missing the point' on AML

Critic says problems with AML/CFT come down to how rules have been interpreted.

Dileepa Fonseka 08 Jul 2025
TVNZ targets one million digital viewers logged in by 2030
Finance

TVNZ targets one million digital viewers logged in by 2030

The latest performance forecast unfolds the broadcaster’s online ambitions.

Denise McNabb 07 Jul 2025
JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million.