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Woman analyzes Reportable Fringe Benefits on a payment summary.
Accounting

Reportable Fringe Benefits Amount (RFBA) on payment summaries — what employees should know

Australian employees frequently notice the term Reportable Fringe Benefits Amount in their income statements. The figure reflects the grossed-up value of non-cash benefits provided by an employer. Although not added to taxable income, it can impact means-tested benefits. This guide explains in plain english how the amount is calculated, why it appears, and practical steps to take when planning salary packaging and assessing tax obligations.

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Future Planning

Beyond the Basics: Maximizing Your Superannuation for a Comfortable Retirement

Introduction: In the ever-evolving financial landscape, superannuation stands as a beacon for those gearing up for retirement. While the basics are familiar to many, delving deeper can unveil strategies to truly maximize your superannuation’s potential. Ready for a deeper dive? Let’s embark! Why Focus on Superannuation?: Superannuation is more than

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