Book a phone consultation. What is Meal Entertainment? Each FBT year exists in its own ‘bubble’ – therefore you should spend to your full cap limit during the period of April 1 to March 31 to get your full entitlement. For more information please refer to the Meal Entertainment information page on our website. Employees can effectively salary package the cost of their eligible dine-in meals. The purpose of this procedure is to provide key information regarding salary packaging benefits and applications to staff. Total Value of Meal Entertainment Expenses: $ SalaryPackagingPLUS requests you submit your claim when you have accumulated a minimum of $100 in receipts. Advantage Salary Packaging, Statements, Employer, Employee, Employer Group. The ATO-approved CBB Meal Entertainment and Holiday Accommodation Card allows you to salary package meals, accommodation expenses and venue hire using tax-free dollars. Meal Entertainment is a reportable fringe benefit with a $5,000 ‘grossed up’ cap, and will be included on your income statement. A separate single grossed-up cap of $5,000 applies to salary packaged meal entertainment. This cap is separate to the $17,000 ‘grossed up’ salary packaging … Are you transitioning to SalaryPackagingPLUS from 1st April 2021? Let’s take a look at why this time of year is so important when it comes to getting your full salary packaging benefit – and the implications of some different scenarios. Page 4 of 25 PART A GENERAL INFORMATION 1. 1800 555 582; Level 1, 1121 High St Armadale VIC 3143 [email protected] Return to Advantage Salary Packaging Website. This provides you with an additional $2,650 tax free per year, saving you even more on tax. How salary packaging works Under a salary packaging arrangement staff can request for the University to provide certain benefits (as outlined in this procedure). Use this form to claim reimbursement for Meal Entertainment expenses. The employer is not entitled to GST credits for the meal and other entertainment benefits so they are grossed-up at the type 2 rate of 1.9608: Salary packaging lowers your taxable income so that you pay less tax, resulting in an increase to your take-home pay! With the Meal Entertainment benefit, you could save hundreds of dollars each year. Yes, your Salary Packaging and Meal Entertainment Card can be used overseas. This benefit is capped at $2,649.98 ($5,000 grossed up) and can be claimed with Meal Entertainment and/or Venue Hire/Holiday Accommodation expenses. This is a combined limit of both meal entertainment (receipts) and the Meal Entertainment Card. Transactions made in a currency other than Australian dollars will be subject to the Mastercard exchange rate at the time, plus a 2.99% foreign exchange fee. The reimbursement of the restaurant meals and holiday accommodation are meal and other entertainment benefits provided under a salary packaging arrangement so they are included in the $5,000 cap. Click here for more information! ABOUT THIS PRODUCT DISCLOSURE STATEMENT This Product Disclosure Statement (PDS) provides information about the Smartsalary Salary Packaging and Meal Entertainment Mastercard (Card) which Cardholders may use during their Salary Packaging Arrangements offered by you as their Employer. Yes, you can package up to $2,650 each FBT year, but the Meal Entertainment cap is in addition to the existing salary packaging cap limit for everyday living expenses (for example, mortgage or rent). How can we use salary sacrifice as a recruitment incentive or money saver? Your Login: Welcome to the Advantage Portal: Package Number (max.

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