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

RBNZ might intervene over basic bank accounts
Finance

RBNZ might intervene over basic bank accounts

Intervention is possible if the basic bank account introduction is unsatisfactory.

Andy Macdonald 29 Sep 2025
Treasury boss reiterates warning of surging fiscal pressures
Finance

Treasury boss reiterates warning of surging fiscal pressures

Fiscal pressures in focus as ageing population drives retirement, health costs up.

Staff reporters 24 Sep 2025
NZ workers fret over lack of job opportunities
Finance

NZ workers fret over lack of job opportunities

The latest results were marginally above lows in confidence seen during covid.

Staff reporters 24 Sep 2025
Open banking regulations due October after frustrating process
Finance

Open banking regulations due October after frustrating process

It would allow fintechs to provide innovative and personalised financial services.

Andy Macdonald 24 Sep 2025