End of FBT year is the time to make sure you get the most of your salary packaging. 31 March 2021 will be here in no time, so take the time to check out these key dates and make sure you’re ready to go:
Your important dates
Monday 15 March, 2021
If you’re eligible for the FBT exemption cap but have not yet reached the cap limit, we recommend submitting your claims before Monday 15 March 2021 to ensure they count towards your 2020-21 FBT year cap.
Tuesday 30 March, 2021
If you have a RemServ Wallet, we recommend you spend your available RemServ Wallet balance by Tuesday 30 March 2021 for it to be counted towards your 2020-21 FBT year cap
It’s important you know any unspent funds in your Wallet after 31 March 2021 will roll over for you to spend in the new FBT year, starting 1 April 2021. However, your yearly cap limit will remain the same, and won’t roll over.
With some vendors and financial institutions taking up to a few days to process transactions, RemServ is not responsible for any vendor or financial institution processing delays.
To view your Wallet balance, simply log into the RemServ app and visit your dashboard.
If you have Living Expenses funds remaining you wish to spend, consider purchasing a gift voucher by logging in to the RemServ app, select ‘View offers', then ‘Discounted Vouchers’ and the retailer you wish to purchase the voucher from.
Wednesday 31 March 2021
End of FBT year
Make the most of your salary packaging with these easy checks:
1. Check your balances
If you’re eligible, have you maximised this year’s full FBT cap limit?
Check your RemServ account balances by downloading and logging in to the RemServ app, or visit RemServ Online.
Please note while you can roll over any of your unspent available balance, any unspent FBT cap will not roll over to the next FBT year.
2. Make a claim
Submitting a claim online has never been easier!
RemServ App
The RemServ App lets you claim ‘on the go’ – anywhere, anytime – from an Apple or AndroidTM mobile device.
With built in camera functionality, all you need to do is click, claim and go!
Download it today from the App Store or Google Play™
Please note: To use the app you must be registered for RemServ Online.
Apple is a trademark of Apple Inc., registered in the U.S and other countries. App Store is a service mark of Apple Inc. Android, Google Play and the Google Play logo are trademarks of Google Inc.
RemServ Online
Our secure online portal, RemServ Online, is an easy, simple and fast way to claim.
Simply log in to your RemServ Online account and start lodging claims. If you're new to RemServ Online, click on the Register now button and follow the prompts. RemServ Online also enables you to view your transactions, update your account and more.
3. Amend
If you need to amend your contributions, don’t leave it too late! Processing requests can take up to three (3) to five (5) business days, and up to two (2) pay cycles for these changes to come into effect.
Meal Entertainment and Venue Hire claims
What am I eligible for?
If you’re eligible to claim for Meal Entertainment and/or Venue Hire benefits and have not yet used the full $2,650 cap, be sure to submit your claims to RemServ by the claim cut-off date on Monday, 15 March 2021.
Remember, you may also submit claims for future events you have booked and paid for, including restaurant meals and holiday accommodation for inclusion in the 2020-21 FBT year.
You can check your Meal Entertainment balance by accessing your RemServ Wallet balance on the RemServ app or visiting RemServ Online. Please note, if you don't spend up to your cap, the remaining amount does not roll over to the next FBT year.
COVID-19 Meal Entertainment changes
In line with COVID-19 restrictions, the Australian Tax Office (ATO) revised the Meal Entertainment benefit to include all eligible home delivery and takeaway meal purchases during the 2020-21 FBT year (1 April 2020 to 31 March 2021). Please note all home delivery or takeaway purchases will be deemed eligible providing the restaurant you ordered from previously offered dine-in services, and covers home delivery from companies such as Ubereats, Menulog and Deliveroo.
Please note for all eligible home delivery and takeaway meal purchase claims made between 1 April 2020 and 31 March 2021, we recommend you spend your available RemServ Wallet balance by 30 March 2021 to allow sufficient time for your expenses to be counted towards the current FBT year.
NOTE: Once the new FBT year commences on 1 April 2021, Meal Entertainment benefit regulations will revert to previous, noting home delivery and takeaway dining options will not be an eligible meal entertainment expense for you to claim.
We’re here to help!
Getting in touch with us is easy! Simply visit our website to connect to LiveChat to speak with our consultants, or log in to your RemServ Online account and select ‘contact’ to submit a ‘contact us’ form. Alternatively, feel free to contact us and we’ll respond to you as soon as we can.
This material is general information only and does not take into account any of your personal or financial circumstances. For advice specific to your personal or financial circumstances, please seek your own professional independent tax or financial advice.
The information about the RemServ Wallet is general in nature and does not take into account your personal objectives, needs and circumstances. You should consider the appropriateness of the information having regard to your personal circumstances and consider the Product Disclosure Statement before making any decision.
RemServ Wallet is a Mastercard and is issued by EML Payment Solutions Limited ABN 30 131 436 432 AFSL 404131. Remuneration Services (QLD) Pty Ltd (RemServ) ABN 46 093 173 089 is an Authorised Representative of EML Payment Solutions Limited Australian Financial Services Authorised Representative number 000278683 and participates in the promotion and distribution of the Card. Mastercard and the Mastercard brand mark are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. For more information, please read the Financial Services Guide.