The end of FBT year (EOFBTY) is the time to ensure you make the most out of your salary packaging arrangements. These are the key dates for EOFBTY to mark in your calendar:
Amend
If you need to amend your February/March contributions, you must do so two weeks prior to the pay date you are amending. This is to allow your payroll team, as well as our teams, to make the changes to your pay.
Claim
Friday 28 March 2025
If you’re eligible for the FBT exemption cap but have not yet reached the cap limit, we recommend submitting your claims before Friday 28 March 2025 to ensure they count towards your 2024/25 FBT year cap.
If you don’t have funds available in your RemServ account, and don’t have a current deduction for the benefit you are claiming, you will need to submit an amendment to request funds from your pay two weeks prior to your pay date. You can submit your claim alongside your amendment, or submit it, and any additional claims, until Friday 28 March.
End of the FBT Year
Monday 31 March 2025
31 March marks the end of the current FBT year. The new FBT year will begin on 1 April, and your FBT exemption cap limit will reset.
IMPORTANT INFORMATION: The general information in this page 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.