FBT Year – employer information.

Below is a timeline of the key items to help plan for the end of FBT Year on 31 March.

ACTION DESCRIPTION METHOD OF COMMUNICATION DUE DATE
FBT Year End Reporting Plan issued to Employers FBT Year End Plan for employers advising of key dates and requirements. Email 07 – 09 February 2024
FBT Year End Plan issued to Employees FBT Year End Plan for employees advising of key dates and requirements. Email 07 – 09 February 2024
Employee FBT Reports issued Employee FBT reports are available to download from the Paywise Member Portal. Email 08 April 2024
Employer Contact Confirmation Employer to notify Paywise of any changes to contact/s who will receive FBT Reporting. Email/Phone 12 April 2024
Employee FBT Report amendments due Final date for employees to raise amendments to their FBT reports. Email/Phone 12 April 2024
Employer FBT Reports issued Employer FBT reports issued. Email 21 April 2024
Payment of Held FBT Employers who have instructed Paywise to collect and hold FBT on their behalf will have these funds remitted to offset their FBT liabilities. Email  30 April 2024
Final Date for submission of FBT Returns to ATO Employer required to lodge annual FBT return with ATO. Email  21 May 2024
Reportable Employer Superannuation Contributions (RESC) RESC report provided for inclusion in employee’s annual payment summaries. This report will detail the additional superannuation employees have salary sacrificed between 1 July 2023 and 30 June 2024. Email 01 July 2024

Please let us know of any changes to key personnel contact details within your organisation to ensure that we’re reaching the right people.

You can contact us on 1300 138 441 or fbt@paywise.com.au.

Information for employees.

In most cases your employees do not need to take any action at the end of the FBT Year. Their salary packaging will continue into the new FBT year and appropriate reports that they require will be provided by you, the employer at the end of the Financial Year (30 June).

If any action is required by the employee, such as payment reimbursement claims, we will be in contact with them.

FBT Year information for employees is available at paywise.com.au/fbtyear.

Please note that our Customer Experience team receives a significant increase in calls, emails and live chats in the weeks surrounding the end of the FBT year. Please be assured that our team members are trying their hardest to accommodate all the requests we receive in a timely manner. For any enquiries you may have we recommend contacting your Regional Manager / Employee Benefits Consultant.