End of FBT Year is coming — make sure you maximise your cap!

Now is the time to maximise your salary packaging limit!

There are a host of salary packaging benefits you can take advantage of up to your annual cap limit (eligible health employees, $9,010; eligible charity employees $15,900). If you don't use your full salary packaging limit within the Fringe Benefit Tax (FBT) year, any remaining funds will stay in your account for you to use in the next FBT year which begins on 1 April 2026.

However, to maximise your potential tax savings you must claim or spend your full cap limit before 31 March 2026. If you have a remaining balance at midnight on 31 March 2026, these funds will be rolled over to the next FBT year. While you won’t lose this money — which is a common misunderstanding — it will count towards your new cap for the new FBT year.

Luckily for you, the end of each FBT year ends on the same date — 31 March – so there is plenty of time to plan and make the most of your benefits. Let’s take a look at the key dates and the things you need to know.

RemServ Wallet Mastercard

If you salary package the RemServ Wallet, make sure to use your full balance by 31 March 2026 to get the most out of your money this FBT year.

Do: Use your RemServ Wallet throughout the year to pay for everyday items like groceries, fuel, or utilities.

Don’t: Wait until the last week of March to start spending. Retailers, bank processing and public holidays can cause delays that may affect how transactions are counted.

Tip: You can use your Wallet balance for pre-paid bills or gift cards from major retailers, which is a great way to make sure your funds are used before the FBT year ends.

Here are a few more ways to help reduce your balance before 31 March:

• Use your RemServ Wallet as your go-to card through January, February and March.
• Purchase gift vouchers that can be used later (for living expenses only).
• Pre-pay upcoming bills to bring your balance closer to zero (for living expenses only).

Use My RemServ to track your balance so you know exactly what you need to spend. If you haven't already, you can register for My RemServ online and get the Maxxia app from the App Store or Google Play.

For those about to claim, we salute you

If you submit claims, make sure you do so early, as final claims must be received by close of business Wednesday 25 March 2026. We must have enough receipts/claims to cover the full cap limit, right up until March 31.

To submit a new claim, simply log into My RemServ (app or online), then scroll to the bottom of the dashboard and tap the “New Claim” button. On the claims page, you will be asked to choose the benefit for which you’re claiming. You’ll need to provide evidence of the expense – usually in the form of a receipt or invoice. You’ll then have the option of being reimbursed directly or can request us to relay the funds to the vendor on your behalf.

Your nominated bank account will be pre-filled. You can update this during the process; however, this will change your nominated bank account for all pending and future claims.

Once the claim is submitted, you can track its process though your transaction history. To access this, tap the “Transactions” button to the right of the “New Claims” button. Then select the “Claims status” option at the top of the screen.

Do: Claim early and claim often.

Don’t: Send us claims with a total that is less than your remaining limit. (For example: if you have $2,000 remaining of your cap limit, try and send us claim(s) for more than $2,000!)

Tip: Check how much limit you have remaining with My RemServ (app or online).

Organise your contributions

Submitting your claim is half the process; you’ll also need to make sure you have advised us how much to deduct from your pay, and when. Large claims sometimes need a few pay-cycles to reimburse fully; factor this in. If you need to amend your March contributions, you must do so two weeks before the applicable pay date.

Unsure if you’re on track to reach your cap? Use the My RemServ ‘Salary Packaging Cap Tracker’ and ‘Meal Entertainment Cap Tracker’ for a cap limit check-up. You can check your fortnightly contributions are on track to reach your limit – whether it’s for mortgage, RemServ Wallet or Meal Entertainment.

Take this information on board and you will cruise into March confident that you’re getting the most out of this FBT year.

What is a ‘rollover’?

A rollover occurs when a benefit balance is not spent or claimed by 31 March 2026 and is allowed to carry over into the new FBT year starting 1 April 2026.

You do not lose this money; it stays in your account allocated to the same benefit. However, because it’s now a new FBT year, any spending or claiming of remaining money will be reported in the (new) current FBT year, not the previous one.

Which means you may lose the potential tax savings on the cap limit you have not used from the previous FBT year.

Contacting RemServ during the EOFBTY

While we always aim to do our absolute best, the EOFBTY can mean extended call-wait times. We recommend the below options for keeping in touch with us during this time.

• Check out more info at remserv.com.au/fbt-year-end
• View your account anytime via My RemServ
• Chat with us on LiveChat
• Follow us on Facebook and Instagram to stay up to date with the latest information.

Things you need to know: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax and financial advice. Conditions and fees apply and you should confirm they are acceptable before you accept any arrangements with RemServ, along with credit assessment criteria for lease products. You acknowledge and agree that any reward you receive is not a salary, however you may need to declare any reward as income for tax purposes. The availability of benefits is subject to your employer’s approval. RemServ may pay and/or receive commissions in connection with its services.

RemServ Wallet Mastercard: 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 Mastercard). 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.