The Fringe Benefit Tax (FBT) year runs from 1 April to 31 March. This is different to the financial year which ends on 30 June.

At the end of each FBT year Salary Options and your employer review all benefits paid to ensure that no FBT liability has been incurred.

Your employer notes on your Group Certificate (PAYG) the value of your fringe benefit (grossed up).

The grossed up value of your fringe benefit is used by the government to assess government related surcharges and income tests such as medicare levy, HECS/HELP payments and certain child support payments.

Sacrificed Superannuation contributions are also listed on your group certificate.