Maximise your cap limit before end of FBT year
There are plenty of salary packaging benefits available within your allotted cap, $9,010 for eligible healthcare employees and $15,900 for eligible charity employees. If you do not use your full salary packaging limit within the Fringe Benefits Tax (FBT) year, your unspent funds will remain in your account for you to use in the next FBT year which begins on 1 April 2026.
To maximise your potential tax savings, however, it’s important that you claim or spend your full cap limit before the end of the FBT year.
If you still have unspent/unclaimed funds at midnight on Tuesday 31 March 2026, don’t worry — you won’t lose this money, which is a common misunderstanding. Your remaining balance in your account will carry over into the new FBT year, which begins on Wednesday 1 April 2026. However, these funds will form part of your new cap, which means you may lose the potential tax savings on the cap limit you have not used from the previous FBT year.
You’ll be glad to know, the FBT year always wraps up on the same date – 31 March – so there is plenty of time to plan ahead and make the most of your potential tax savings.
Let’s take a look at the key dates and the things you need to know.
Maxxia Wallet Mastercard
If you salary package the Maxxia Wallet, make sure to use your full balance by 31 March 2026 to get the most out of your money this FBT year.
Do: Use your Maxxia Wallet throughout the year to pay for everyday items like groceries, fuel, or utilities.
Don’t: Wait until the last week of March to start spending. Retailers, bank processing and public holidays can cause delays that may affect how transactions are counted.
Tip: You can use your Wallet balance for pre-paid bills or gift cards from major retailers, which is a great way to make sure your funds are used before the FBT year ends.
Here are a few more ways to help reduce your balance before 31 March:
- Use your Maxxia Wallet as your go-to card through January, February and March.
- Purchase gift vouchers that can be used later (for living expenses only).
- Pre-pay upcoming bills to bring your balance closer to zero (for living expenses only).
Use My Maxxia to track your balance so you know exactly what you need to spend. If you haven't already, you can register for My Maxxia online and get the Maxxia app from the App Store or Google Play.
Do I need to claim/spend my Venue Hire and Meal Entertainment balance?
You can claim and/or spend up to a combined cap limit of $2,650 each FBT year for Meal Entertainment and Venue Hire. Both benefits fall under the one cap limit.
If you choose to package Venue Hire on its own, the $2,650 annual cap still applies.
Venue Hire allows you to claim holiday accommodation or venues hired out for events.
We highly recommend sending any final claims for Meal Entertainment and Venue Hire by Friday 27 March 2026 to ensure they’re part of your 2025/26 FBT year spend. Any Meal Entertainment balance on the Maxxia Wallet Mastercard needs to be spent by Tuesday 31 March 2026.
Important note: We must have enough receipts/claims to cover the full cap limit, right up until 31 March 2026.
Do: Claim early and claim often.
Don’t: Send us claims with a total that is less than your remaining limit. (For example: if you have $2,000 remaining of your cap limit, try and send us claim(s) for more than $2,000!)
Tip: Check how much limit you have remaining on the My Maxxia app or website.
Tired of claiming? Why not try the Maxxia Wallet Mastercard?
Eligible Health and Charity employees can have their balance transferred to a Maxxia Wallet Mastercard, funds must be spent by Tuesday 31 March 2026 to ensure they’re part of your 2025/26 FBT year. If you would like a Maxxia Wallet sent to you, please contact us via email, LiveChat or online request.
Spending with the Maxxia Wallet Mastercard could mean less stress at the end of FBT year, because there’s no claiming, no forms and no fuss. Plus, the Maxxia Wallet is also GST exclusive, which means you could package right up to the full cap limit each year.
Organise your deductions
Submitting your claim is half the process; you’ll also need to make sure you have advised us how much to deduct from your pay, and when. Large claims sometimes need a few pay-cycles to reimburse fully; factor this in. If you need to amend your March deductions, you must do so two weeks before the applicable pay date.
Unsure if you’re on track to reach your cap? Use the My Maxxia ‘Salary Packaging Cap Tracker’ and ‘Meal Entertainment Cap Tracker’ for a cap limit check-up. You can check your fortnightly contributions are on track to reach your limit – whether it’s for mortgage, Maxxia Wallet or Meal Entertainment.
Take this information on board and you will cruise into March confident that you’re getting the most out of this FBT year.
What is a ‘rollover’?
A rollover occurs when a benefit balance is not spent or claimed by 31 March 2026 and is allowed to carry over into the new FBT year starting 1 April 2026.
You do not lose this money; it stays in your account allocated to the same benefit. However, because it’s now a new FBT year, any spending or claiming of remaining money will be reported in the (new) current FBT year, not the previous one.
Which means you may lose the potential tax savings on the cap limit you have not used from the previous FBT year.
Contacting Maxxia during the EOFBTY
While we always aim to do our absolute best, the EOFBTY can mean extended call-wait times. We recommend the below options for keeping in touch with us during this time.
- Check out more info at maxxia.com.au/fbt-year-end
- View your account anytime via My Maxxia
- 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 Maxxia, 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. Maxxia may pay and/or receive commissions in connection with its services.
Maxxia 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 (Maxxia Wallet Mastercard). You can read the PDS here. The Target Market Determination for this product can be found here.
Maxxia 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. Maxxia Pty Ltd (Maxxia) ABN 39 082 449 036 is an Authorised Representative of EML Payment Solutions Limited Australian Financial Services Authorised Representative number 000278683 and participates in the promotion and distribution of the Card. Consider if the card is right for you.
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