salary packaging with us An easy, secure way for your staff to reduce their taxable income If your not-for-profit organisation holds Public Benevolent Institution (PBI) status, fringe benefits can be great way to boost employees’ salaries without extra costs. But where the administration involved in packaging these benefits can cause headaches – with Community Sector Banking it’s easy. Community Sector Banking has the ideal salary packaging solution for not-for-profit organisations. Drawing upon our strong history working within the sector, we’ve created a suite of solutions that are quick to set up, cost-effective to maintain and deliver great benefits to your staff. A simple, low fee solution Designed exclusively for employees of not-for-profits with PBI staus, the b-packaged® debit MasterCard and optional b-optimised everyday bank account make life easy for you and your employees. Using the b-packaged account, your employees can salary package a proportion of their income per annum in accordance with the Australian Taxation Office (ATO) Fringe Benefits Tax guidelines – delivering significant savings at tax time. The card can be used to pay for a wide range of products and services, including petrol and groceries or periodical payments like mortgage repayments and school fees. These simple, low fee solutions have attracted thousands of customers since they were launched in 2003. Employers love them because they simplify the administration of fringe benefits – and employees love them for the convenient way to pay expenses from the tax-free component of their salary. Employees that want a linked account to get easy access to the non-salary sacrificed portion of their pay can set up a linked b-optimised everyday account. Community Sector Banking’s salary packaging products are compliant with taxation requirements through an Australian Taxation Office Class Ruling (CR 2007/15). Bank with the specialists For more than 13 years, Community Sector Banking has been helping not-for-profit organisations with their banking. We are the specialist in not-for-profit banking, delivering highly tailored solutions to meet the unique needs of organisations within the sector. With more than 10,000 not-for-profit customers, Community Sector Banking understands the sector more than any other bank. backed by
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salary packaging with usAn easy, secure way for your staff to reduce their taxable income
If your not-for-profit organisation holds Public Benevolent Institution (PBI) status, fringe benefits can be great way to boost employees’ salaries without extra costs. But where the administration involved in packaging these benefits can cause headaches – with Community Sector Banking it’s easy.
Community Sector Banking has the ideal salary packaging solution for not-for-profit organisations.
Drawing upon our strong history working within the sector, we’ve created a suite of solutions that are quick to set up, cost-effective to maintain and deliver great benefits to your staff.
A simple, low fee solution
Designed exclusively for employees of not-for-profits with PBI staus, the b-packaged® debit MasterCard and optional b-optimised everyday bank account make life easy for youand your employees.
Using the b-packaged account, your employees can salary package a proportion of their income per annum in accordance with the Australian Taxation Office (ATO) Fringe Benefits Tax guidelines – delivering significant savings at tax time. The card can be used to pay for a wide range of products and services, including petrol and groceries or periodical payments like mortgage repayments and school fees.
These simple, low fee solutions have attracted thousands of customers since they were launched in 2003. Employers love them because they simplify the administration of fringe benefits – and employees love them for the convenient way to pay expenses from the tax-free component of their salary.
Employees that want a linked account to get easy access to the non-salary sacrificed portion of their pay can set up a linked b-optimised everyday account.
Community Sector Banking’s salary packaging products are compliant with taxation requirements through an Australian Taxation Office Class Ruling (CR 2007/15).
Bank with the specialists
For more than 13 years, Community Sector Banking has been helping not-for-profit organisations with their banking.
We are the specialist in not-for-profit banking, delivering highly tailored solutions to meet the unique needs of organisations within the sector.
With more than 10,000 not-for-profit customers, Community Sector Banking understands the sector more than any other bank.
backed by
b-packaged® with debitMasterCard
Features
• No transaction fees on card purchases• A low, set monthly account service fee• Online account viewing• Regular detailed statements• Periodic payments and direct debits
To comply with the ATO Class Ruling, the b-packaged debit MasterCard cannot be used for cash withdrawals, cash deposits, in-branch transactions or BPAY payments. For the full list of restrictions on this card, please download the b-packaged frequently asked questions form.
Account fees
Account Service Fee $2 per month
Overdrawn Account Fee
$15
Card fees
Replacement Card Fee
FREE
MasterCard debit card fee
$3 per month
The b-packaged debit MasterCard from Community Sector Banking makes managing fringe benefits easier for you and your staff. It comes with a range of features, including:
Strict adherence to compliance
Part of our job is to ensure your employees are using the card the right way. We work hard to ensure there are no breaches in your staff’s use of their cards, including no cash withdrawals.
Easy set-up for periodical payments and direct debits
To help your employees get the most from their salary packaged funds, we can set up periodic payments and direct debits for bills, mortgage repayments, school fees and more.
Reporting to ease administration
We can manage monthly fringe benefit tax GST reporting on your behalf and produce end of FBT year reports (both for a small fee).
Use the card anywhere that accepts MasterCard
The b-packaged debit MasterCard is accepted at retail outlets worldwide and comes with a PIN for easy EFTPOS purchases.
Make superannuation contributions
Employees can use their b-packaged debit MasterCard to make additional superannuation contributions (which are treated as employer contributions as they come out of pre-tax income).
backed by
Community Sector Banking ABN 88 098 858 765 (Australian Financial Services authorised representative No. 265317 and Australian Credit authorised representative No. 379667) is a franchisee of Bendigo and Adelaide Bank Limited ABN 11 068 049 178, AFSL and Australian Credit Licence No. 237879 and is a wholly owned subsidiary of Community Sector Enterprises Pty Ltd ABN 95 098 858 354. Community Sector Enterprises is a 50/50 joint venture between Bendigo and Adelaide Bank and Community 21 Limited ABN 79 097 612 416. Banking products are products of Bendigo and Adelaide Bank. Any information provided is of a general nature only and does not take into account your objectives, financial situation or needs. Before acting on this information, you should consider its appropriateness to your personal circumstances. You should read the applicable Disclosure Documents available online at communitysectorbanking.com.au before making any decision. Terms, conditions, fees and charges apply. All loans subject to normal lending criteria. (S55055) (05/16)
Bank on the not-for-profit specialist
To learn more about Community Sector Banking and our range of banking products designed for the not-for-profit sector:
call us
1300 CSBANK (1300 272 265) Anytime from 8.30am to 6pm AEST, Monday to Friday.
email us
visit us
communitysectorbanking.com.au or any branch of Bendigo Bank
connect with us
Connect with us on social media
/communitysectorbanking
/csbanking
/csbanking
/company/ community-sector-banking
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The b-packaged® debit MasterCard from Community Sector Banking makes managing fringe benefits easier for you and your staff.
b-optimised® everyday accountBundle your benefits and make banking easier for your employees by adding a b-optimised account.
This is an everyday account for b-packaged cardholders, in which the balance of their salary can be deposited on payday to give them everyday access to cash.
Features
• Tiered interest rates• At call funds access• Minimum opening balance of $1• No account service fees• Monthly account transaction rebates $4 (minimum)• Online, BPAY and phone banking• Cash card, debit card, overdraft and chequebook
facility
Account fees
Account Service Fee FREE
Direct Debit FREE
Chequebook FREE
WithdrawalsFrom 40 cents per transaction
TransfersFrom 40 cents per transaction Subscribe to ‘in the loop’
communitysectorbanking.com.au
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