Jan 30 2014
The New FBT Year – Continuous Salary Packaging
Remunerator is pleased to offer Continuous Salary Packaging again in 2014-15. The improvements to this process introduced last year were overwhelmingly a success and well received by our Clients and Customers.
We thank you for your support with this initiative and strive again to minimise any disruption to your Employee’s salary packages across the FBT years. With this aim, your April 2014 payfile will be sent to your payroll department and provide a complete listing of deduction amounts for all employees.
The payfile will show the Number of Deductions as ‘continuous’ unless the customer has specifically requested the salary package to be administered over a specific number of pay cycles. A Reporting Date column will replace the Salary Package End Date.
Theoretical Payroll Method Clients
Please note that for Remunerator Clients using our ‘Theoretical Payroll Method’ the payfile is your notification to action the deductions outlined in the file and will replace the regular Confirmation Report (EPA) release process that occurs throughout the year.