Extraordinary founder Steven Zinsli and Auckland Mayor Wayne Brown. Photo: Supplied
Public transport fares got a hike last week - largely as a result of a government direction to regional councils to increase the private share of the service delivery costs.
One company though, has been working through a way to save commuters money - by using their pre-tax income.
Fintech business Extraordinary - which was formally known as HealthNow - has used a Fringe Benefit Tax ruling from the IRD to set up a platform that lets employers offer their workers the ability to pay for public transport through their pre-taxed pay.
Previously FBT rules meant employer-subsidised transport came with tax penalties.
Extraordinary founder Steven Zinsli joins Kathryn to explain how it works - and how much employees could save.
