What you need to know about end of FBT year

The Finish Line is in Sight: End of FBT year tips

Ah, 31 March — the finishing line of the FBT year! It’s the last day for spending – and a final frantic 24 hours of claims processing for RemServ!

We get it: the end of March can feel stressful. That’s why we’ve prepared some tips to help you make the most of your salary packaging before the FBT year closes, so you can avoid the last-minute panic.

The 2025-26 FBT year runs from 1 April 2025 to 31 March 2026. Once the clock ticks over, a new cap limit is allocated – so to ensure you receive your full entitlement you should try to spend your full cap limit within that 12 month period.

Some people still have a large balance remaining late in March, which can result in time-related stress. It might not be as easy as it sounds to spend a couple of thousand dollars. This is why EOFBTY can be a full-on time for us at RemServ and for our customers. To avoid a rollover and make the most out of your salary packaging, we recommend you spend your balance before 31 March.

So, what is a ‘rollover’?

A rollover occurs when an available balance is not spent or claimed by 31 March and carries over into the next FBT year.

Firstly, it’s important to note you won’t lose this money. It will remain in your account, however, because a new FBT year has started, when you do spend or claim the money, it will be reported and deducted from the new cap limit.

The same goes for your RemServ Wallet. If you have unused funds after Tuesday 31 March 2026, the money will remain on your card for you to access, however, the rollover amount will be automatically deducted from the new FBT year cap’s limit.

Example:

Let’s look at an example.

It’s 31 March, you have $1,000 in unspent funds and have maximised your salary packaging FBT cap of $9,010. When the new FBT year begins on 1 April (running to 31 March) and your new cap of $9,010 is allocated to you, the $1,000 will automatically become part of this new cap when you spend or claim.

However, if you end the current FBT year on 31 March with $1,000 left of your available FBT cap limit, this amount will not roll over into your new cap limit when it resets from 1 April 2026.

What can you do about a rollover?

If you have incurred a rollover; don’t worry. Talk to your RemServ Customer Care Consultant to see whether you’re able to claim funds using a benefit above your cap (such as work-related expenses).

The easiest way to avoid this scenario and have a plan in place. Make sure you spend or claim all your available funds within the current FBT year. Keep the all-important 31 March date in mind and check your balance regularly via the My RemServ app or online to have a smooth, stress free EOFBTY.

For more information about managing your account, including our key dates for this year, visit our dedicated EOFBTY page here.

How can I contact RemServ during EOFBTY?

EOFBTY can be a busy time for us, and we’ve made it easy for you to get in touch with us during this time, we have a range of options available for you to choose from:

• 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.