fringe benefit, any nonwage payment or benefit (e.g., pension plans, profit-sharing programs, vacation pay, and company-paid life, health, and unemployment insurance programs) granted to employees by. Understanding Fringe Benefits · Life, disability, and health insurance bundles · Tuition reimbursement or education assistance · Fitness center access or discounts. Fringe benefits are the additional benefits offered to an employee, above the stated salary for the performance of a specific service. Some fringe benefits. Technically speaking, a fringe benefit is any non-monetary compensation provided by an employer. This excludes salaries, bonuses, and other types of cash. A fringe benefit is a 'payment' to an employee, but in a different form to salary or wages. For fringe benefits tax (FBT) purposes. Fringe benefit definition is - an employment benefit (such as a pension or a paid holiday) granted by an employer that has a monetary value but does not. Fringe benefits are treated as emoluments for PAYE purposes and include housing benefit, car benefit, tax benefit, full board and lodging to expatriates or. Fringe benefits are additional benefits or compensation on top of an employee's regular salary or wages for work they do. A fringe benefit is a form of pay for the performance of services. For example, you provide an employee with a fringe benefit when you allow. Fringe benefits are a form of pay, often from employers to employees, and are considered compensation for services beyond the employee's normal.