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New card lets employees save on public transport

Extraordinary founder Steven Zinsli and Auckland Mayor Wayne Brown. 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.