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Important Dates for Maximising Your Salary Packaging Before 31 March 2024.

With the end of the Fringe Benefits Tax (FBT) year approaching on 31 March 2024. It is essential to maximise your salary packaging.

Be sure to mark these important dates on your calendar:

Deadline for Amendments: 1 March, 2024.

If you require adjustments to your salary packaging deductions/payments, please complete them by the end of business on  1 March, 2024. Access our Payment and Deduction forms HERE.

Spending Reminder: Clear Your Balance by 31 March, 2024.

Ensure that your Beyond Bank salary packaging/meal entertainment cards have a $0 balance by 31 March, 2024. Some vendors and financial institutions may take a few days to process transactions, so it’s advisable to spend funds beforehand to ensure clearance by the deadline. If CBB holds any funds in your packaging account, these funds must also be cleared and sent out to a nominated payment.

Please note that CBB is not liable for delays in processing by vendors or financial institutions.

Frequently Asked Questions

Any leftover monies by midnight 31 March, will roll over whether these are in your packaging account or on your Beyond Bank cards.

These funds will always be yours to spend but will form part of your new FBT year cap beginning 1 April.

Eg. $1000 of unspent funds rollover on 1 April – therefore your cap is reduced from $15,899 to $14,899.

Salary Packaging

  • Gift cards/ pre-pay bills (from salary packaging card)
  • Any regular bills or debt that you make payments to

Meal Entertainment

  • Pubs
  • Hotels
  • Restaurants

If you have already reached your salary packaging or meal entertainment limit for this FBT year, you are not losing any benefit but will not have any extra funds come to CBB prior to 31 March.

Your packaging limit will reset on 1 April, allowing you to recommence and access your tax savings!

Contact Us

Please keep in mind that the lead up to 31 March 2024, is a very busy time. While our wait times may extend, we endeavour to do our best and be available to you.

You can access forms, information and links needed to manage your Salary Packaging account with the Manage Your Account page.

Otherwise, you can contact us via phone or email:

1300 763 505   |   [email protected]