New card lets employees save on public transport
Photo:
Supplied
Public transport fares got a hike last week - largely as a result of a government direction to regional councils to increase the private share of the service delivery costs.
One company though, has been working through a way to save commuters money - by using their pre-tax income.
Fintech business
Extraordinary
- which was formally known as HealthNow - has
used a Fringe Benefit Tax ruling from the IRD to set up a platform
that lets employers offer their workers the ability to pay for public transport through their pre-taxed pay.
Previously FBT rules meant employer-subsidised transport came with tax penalties.
Extraordinary
founder Steven Zinsli joins Kathryn to explain how it works - and how much employees could save.
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RNZ News
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Inquiry into the Government's response to the Covid-19 pandemic
Business leaders, community groups, health sector workers and churches are among those due to give evidence at public hearings held by the Royal Commission of Inquiry into the Government's response to the Covid-19 pandemic. The first public hearings of the inquiry's second phase got underway in Auckland today, with commissioners hearing from business people hit hard by the Covid lockdowns. Amy Williams reports. To embed this content on your own webpage, cut and paste the following: See terms of use.
