What expenses does Meal Entertainment cover?
Meal Entertainment covers your restaurant and bistro bills whenever you're dining out with others. It does not cover take-away meals or eating out on your own. For example, a sandwich and drink for lunch is considered 'sustenance' and cannot be claimed under this benefit.
Can I use Meal Entertainment for take-away, home delivery etc.?
With our restaurants and local eateries mostly open for business again we have been advised by the ATO that as of 1 April 2021 takeaway and home delivered meals will no longer be allowed when using Meal Entertainment. This includes meals ordered through delivery platforms such as Deliveroo, Menulog and Uber Eats.
What is my Meal Entertainment cap limit?
Effective from 1 April 2017, a single annual cap limit of $2,650 ($5,000 ‘grossed-up’) will apply to Meal Entertainment and Venue Hire benefits. This new limit is a combined cap across both benefits applicable each Fringe Benefits Tax (FBT) year (from 1 April to 31 March the following year)
What does ‘grossed-up’ value mean?
The grossed-up taxable value of a benefit is the salary that employees would have to earn in order to purchase the benefit from after-tax dollars. The grossed-up value of these benefits combined would be $5,000. However, the actual dollar amount that customers can spend per FBT year for both benefits combined is $2,650.
Who can package Meal Entertainment?
You can salary package Meal Entertainment if you work for a:
- private or public not-for-profit hospital
- charity or other not-for-profit organisation
and your employer offers this as part of your workplace benefits program.
The RemServ Wallet
One of the easiest ways to salary package your Meal Entertainment expenses can be to use your RemServ Wallet.
The RemServ Wallet is a card that gives simple access to living expenses and Meal Entertainment benefit money, making it easier to live, spend and save smarter.
Your before-tax dollars are loaded onto your card by RemServ, making it easy to pay when you're out and about, paying online or over the phone.
The innovative RemServ Wallet can help you get more out of your income through:
- management of both living expenses and Meal Entertainment benefits with one smart card
- View real time card balances on the My RemServ app
- Mastercard Tap & Go technology
- simple application process - no forms or fuss.
Things you need to know: This material is general information only. It does not take into account your particular/personal objectives, personal financial situation or personal financial circumstances. You should read the Product Disclosure Statement (PDS) for this product before making any decision on the new Card (RemServ Wallet). You can read the PDS here. The Target Market Determination for this product can be found here.
RemServ Wallet Mastercard is a Prepaid Mastercard and is issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131 pursuant to license by Mastercard Asia/Pacific Pte. Ltd. Remuneration Services (QLD) Pty Ltd ABN 46 093 173 089 (RemServ) is an Authorised Representative of EML Payment Solutions Limited Australian Financial Services Authorised Representative number 000293159 and participates in the promotion and distribution of the Card. Consider if this product is right for you.
The above information is not intended to constitute taxation or financial product advice. Your benefits and savings will vary depending on your personal objectives, financial situation and needs. We recommend you obtain independent financial or taxation advice before making any financial decisions.
Eligibility criteria and terms and conditions apply. All salary packaging proposals are subject to the requirements of your employer. Administration fees will apply. The actual administration fee that applies to you may vary depending on your employer. ITCs (Input Tax Credits or refund on GST) are excluded. RemServ may pay and receive commission or rebates in connection with some services and products it provides or arranges to be provided by third parties.