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You must pay fringe benefit tax (FBT) on contributions you make to any employee's:

  • sickness, accident or death benefit fund
  • life, pension, personal accident or sickness insurance policy
  • friendly society insurance fund superannuation scheme where employer
  • superannuation contribution tax (ESCT) does not apply
  • funeral trust.

You pay FBT on contributions you make to an insurance policy when you:

  • take out the policy for an employee and pay their premiums
  • are a life insurer and offer discounted premiums for your life insurance agents and their families.

You do not pay FBT on contributions you make to an insurance policy when you:

  • pay the premiums on a policy which an employee took out. This is included in their gross salary or wages and subject to PAYE. 
  • take out a policy for an employee, pay the premiums and gain all the benefit from the policy. Your contributions are not included with their gross salary or wage.
7 mins
Fringe benefit tax income year calculator

Use this calculator to work out FBT on all benefits provided when you file income year FBT returns.

Go to this tool