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Westpac Everyday Purchase Card: New FBT year - what's changing?

 

FBT rate will increase to 49% from 1 April 2015 (the gross-up rate for the EPC will increase from 1.8868 to 1.9608).

Medicare levy - no change: 2% for tax payers.

Threshold for the 'Cap' benefit - no change:

 

Employer Type Current Cap

Public Hospital

$9,009.96

Health Charity

$15,899.94


Any queries do not hesitate to call on 1300 004 724.