I may have an opportunity to salary sacrifice my mortgage, which seems like a great benefit. I have spoken to a couple of people about it, and a financial advisor told me that i shouldn't do it as i would have to pay a Fringe Benefits Tax as the employee. They mentioned that the employer needs to lodge an FBT return, and i would pay an FBT. This doesn't sound right to me - would i actually have to pay an FBT? I thought it was just the employer that would have to handle the FBT return and i would be better off 'out of pocket' with my mortgage payments salary sacrificed?
Would i be better off?
Cheers
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2 replies
999 views
2 replies