Remunerator News

Mar 4 2014

NAB Salary Packaging Cards

Clients who offer Employees the NAB Salary Packaging Threshold Card are reminded to encourage staff to spend any available balance prior to the end of March. As the funds on this card form part of the tax-free threshold entitlement, failure to utilise the funds available in time will significantly impact individual salary packaging entitlements.

The available funds can be used until midnight 31 March only. Any balance remaining will be returned from the card and form part of the package reconciliation, which may be returned via Payroll with PAYG tax applied.