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 will be $5,000. However, the actual dollar amount that customers can spend per FBT year for both benefits combined will be $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.
Still not sure whether you can package Meal Entertainment? Then simply log into My Employer Hub and refer to your Employer's Information Booklet.
The RemServ Wallet
The easiest way to salary package your Meal Entertainment expenses is 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 through your RemServ Online account
- tap and go with Visa payWave technology
- simple application process - no forms or fuss!
How much could you save each year?
At RemServ, we take the guesswork out of your new salary packaging lifestyle.
Use our salary packaging calculator to estimate how much you could save.
Ready to get started?
Already packaging - but now want to package the RemServ Wallet too?
- call us on 1300 30 39 40
- Visit out website to learn more about the RemServ Wallet