When your salary packaging account reaches your FBT exemption cap limit early, RemServ will notify you prior to the end of the FBT year with the available options you can consider taking to manage your account.
If this happens, all of your ongoing payments will be placed on hold, which are automatically set to resume on your first regular payment date which falls after the new FBT Year commences on 1 April.
Please note we’re unable to make automatic catch up payments for amounts you’ve missed while your regular payments are on hold, including home loan and rental expenses. During this time, please make alternative arrangements to manage your account and expenses until the new FBT year commences on 1 April.
Please also note this won't affect payments to benefits which fall outside your limit, such as additional superannuation contributions, work-related expenses and/or portable electronic devices.
Finally, once you hit your FBT exemption cap, unless otherwise directed by you, your salary packaging contributions will continue to be deducted from your pay for the remainder of the current 2021-22 FBT year which will accumulate in your RemServ account. If you use these funds in the new FBT year (1 April 2022 – 31 March 2023), please note they will count towards your new FBT year exemption cap limit.