The updated 2019 FBT Toolkit is now available for download for member schools and Staff Relations Service participants. [Note: you must be logged in to see and download the toolkit]
The Toolkit contains a range of materials to assist schools in meeting their Fringe Benefits Tax obligations.
The 2019_FBT_Toolkit (a compressed or ‘zipped’ file) contains:
- Version 3.7 of the CSA FBT Worksheet;
- Version 9.8 of the CSA Salary Packaging Calculator;
- Sample Employee Declarations (updated);
- Information and sample documentation for FBT exempt work related items.
The Toolkit has been updated with changes to the notes and the updated FBT Rates on the FBT Worksheet. It is based on the 2019 FBT return and instructions. FBT returns are due for lodgement by 21 May.
If you are using the previous (2016 or more recent) copy of the Worksheet you will not need to update if you wish to retain existing employee data – simply update the applicable rates in the editable cells. Please note, however, that any version of the Worksheet prior to Version 3.3 is no longer current and should not be used.
It is also important that you ensure than any applicable Employee Declarations are completed properly and retained on file.
The Salary Packaging Calculator has been updated to include current references to ATO information and rates. Please note the the estimated income tax payable there does NOT incorporate the effect of the Low and Medium Income Tax Offset (LMITO).
The ATO has a wealth of information to assist you in meeting your FBT responsibilities. In particular the FBT Guide for Employers is an invaluable resource. It can be viewed online here.