AFSS is always looking for ways to provide great employee benefits to all staff. As a Public Benevolent Institution (PBI), one of the benefits AFSS can offer is salary packaging.
What is salary packaging?
Salary packaging is the easiest way to increase your pay without working longer hours. Sounds too good to be true, but it’s not! It’s an ATO approved system for AFSS staff (and employees of other PBIs) to significantly increase their take home pay and allow them to pay less income tax.
How does salary packaging work?
The video below provides a great summary of what salary packaging is and how it can work for you:
If you decide to salary package with CBB, here’s what happens…
Each pay period, a portion of your pay is directed to your CBB salary packaging account, completely free of income tax. From there, you choose how your money is used.
- A popular option is to have your tax-free dollars loaded onto a CBB Salary Packaging Card each fortnight. This card operates just like a debit card and allows you to purchase goods and services anywhere Visa is accepted. Imagine buying groceries, petrol and other household purchases with tax-free dollars.
- You may also choose to have some of your funds paid to regular expenses such as mortgage, rent, personal loans and school fees. In fact, just about any debt you can provide proof of, and we can pay electronically, can be paid with salary packaged dollars.
Ready to start salary packaging?
What other benefits are available?
Tax-free dining out and accommodation
The ATO approved meal entertainment and holiday accommodation benefit allows you to salary package an additional $2,650 per year. This is over and above your normal salary packaging amount. Find out how it works and what you can spend the money on by clicking here.
Novated leasing with StreetFleet
Time to upgrade or buy a new car? Want to do it with tax-free dollars? If you are considering a new or late model car, a novated lease could save you thousands in acquisition and on-going running costs. This benefit is in addition to your standard salary packaging limit, enabling you to save even more tax each year. Find out more about novated leasing here.
Real banking rewards with Beyond Bank
Beyond Bank is committed to being the best bank for their customers and communities. And they believe in supporting people like you who make a positive difference in the community. Get access to great offers such as higher return on your savings with a Community Reward Account, fee-free banking on Everyday Accounts, special home loan offers and much more! Click here for more information.
Airline lounge memberships with Corporate Traveller
Community Business Bureau (CBB) is proud to partner with Corporate Traveller in order to provide our customers with significant discounts on airline lounge memberships and joining fees. If you travel for work you can claim the cost of an airline lounge membership tax-free. Find out more here.
Remote Area Benefit
Remote Area Benefit is a tax concession from the Australian Federal Government which assists organisations in rural and remote areas to attract and retain staff. This benefit is on top of the standard salary packaging benefit that employees of Public Benevolent Institutions (PBIs) receive. Those eligible for the Remote Area Benefit can claim up to 50% of eligible expenses associated with living and working in a remote location.
Discounted shopping with CBB Rewards
CBB’s Rewards is your key to savings at the supermarket, the petrol bowser, over 1,650 restaurants, hotels, cinemas and attractions. You’ll save substantial amounts on products and services such as dining, travel, shopping, entertainment and more. Register for CBB Rewards here.
Need help? For further information on salary packaging visit our FAQs page or call our friendly Customer Care team on 1300 763 505.