The Maxxia Wallet is not only one of our most popular benefits, it’s also one of the simplest to use when getting organised for the end of FBT year (EOFBTY).

So, with the EOFBTY (31 March) on its way, let’s look at what you need to do to breeze through the end of the FBT year and maximise your potential tax benefits.

Things to know

Payments to your Maxxia Wallet will finish one pay early
Your Maxxia Wallet/Living Expense Card annual budget is spread over one less pay each FBT year, so no Maxxia Wallet deductions will be made from your last pay in March.

This is to provide you with extra time to spend your remaining balance before the end of the FBT year.

Your cap limit does not change; it’s the same annual budget, over one less pay.

Spend your Maxxia Wallet balance by Sunday 31 March 2024 to maximise your tax savings 
Do your best to reduce the balance to zero by Sunday 31 March 2024. If you let the balance roll over, it will reduce the new cap you are given on 1 April 2024. Your cap limit resets each FBT year, so aim to spend your remaining funds on your Wallet to maximise your potential tax savings.

Things to do

Spend, spend, spend!

Reduce your cap balance to zero by 31 March to get the most out of your cap limit this FBT year.

Do: Remember to use your Maxxia Wallet! And if you’re running out of ideas, did you know you could use your salary packaging to buy a gift voucher? This will help clear the balance on your Wallet, but you can use the voucher at a later date.

Don’t: Leave it until the last minute to spend your balance!

Tip: Use the Maxxia app to track your balance so you know exactly what you need to spend. You can register for Maxxia Online here and get the Maxxia app from the App Store or Google Play™. 

If you have any unspent funds remaining on your Maxxia Wallet at midnight 31 March, you will not lose this money. The balance simply rolls over for you to spend in the new FBT year, which begins on Monday 1 April 2024. However, these funds will form part of your new cap.

Download the Maxxia app

The Maxxia app allows you to quickly and easily check all your balance and account information in one place. You can update personal details and bank accounts, track your Maxxia Wallet spending with ease and claim wherever you are, whenever you like.

To download the Maxxia app, head along to maxxia.com.au/maxxia-app, or visit the App Store or Google Play™. 

Contacting Maxxia during the EOFBTY

While we 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 via Maxxia Online
• Chat with us on LiveChat
• Email us at [email protected] or for novated lease enquiries [email protected]
• Follow us on Facebook and Instagram page to stay up to date with the latest information.

To download the Maxxia app, head along to maxxia.com.au/maxxia-app, or visit the App Store or Google Play™

To register for Maxxia Online, head along to www.securemaxxia.com.au. You must be an existing customer and have previously provided your email address and mobile number to Maxxia.

This material is general advice only. It does not take into account your particular/personal objectives, personal financial situation or personal financial circumstances. Consider if this product is right for you. You should read the Product Disclosure Statement (PDS) for this product before making any decision on the new Card (Maxxia Wallet). You can read the PDS here. The Target Market Determination for this product can be found here.

Maxxia Wallet is a 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.