The balance accumulation in certain benefits allows you to accumulate unused money from a payroll cycle so that you can use it whenever you want and benefit from the tax exemption it has and the savings it will represent in the future in the next income tax return. It is activated from the app, within the benefit section in the "Accumulate balance!" section with a selector that you must activate.
You must take into account:
- Only available for Meals and Transportation.
- The maximum amount to accrue is the monthly available limit of each benefit.
- It will be reflected in your paycheck the month you accrue it.
- The accumulated balance does not expire so you can use it whenever you want.
| In the case of accumulating, the balance will remain in your Cobee account to be used only for the respective Meal or Transportation benefit. Please note that once accumulated, this action cannot be undone. |
Let's see an example:
| 👩🏻 Maria has an available limit of €220 in Food. Imagine that this month she spends €80 and has the option to accumulate activated. At the end of the month, the amount she accumulates this month will be 140€ (€220 - €80 = €140), which will be added to the amount available in Food next month. So next month she will have €360 to spend (€220 + €140 = €360). In this month's paycheck, Mary will see €220 spent in the Food benefit. Accumulating allows her to take full advantage of the tax exemption benefits. |
Where does the accrued amount come from?
How the accrual works depends on how this benefit is paid in your case.
Paid from your salary
Every month, any unused amount of the 220 ¤ is paid into your Cobee account to be used the following month. In other words, every month you deduct the maximum amount available exempt from income tax, which corresponds to what you have consumed, and the remaining amount is accumulated.
| If you accumulate every month, when the last month (December) arrives, you will not be able to accumulate any more because you will have reached the exempt limit, both for Food and Transportation, €2,420 and €1,500, respectively. |
Paid from delivery
Each month, the amount of the bag is accumulated until the available limit per benefit is reached. The money is delivered to your Cobee account to be spent on Food or Transportation.
Shared payment
If you can pay the benefit from both your salary and your purse, then the amounts will accumulate up to 220€ in the case of Food and 136,36€ in the case of Transportation.
For example:
Imagine you are given a bag of 150€ only for Food, there is still 70€ left to reach 220€ to be paid from your salary. If you consumed €120 one month, then the remaining €30 of the bag (€150 - €120 = €30) and the remaining €70 of your salary would be accumulated on the card.