Jason Emmins Mon 25 Mar 2019 10:43AM
Why are we considering another proposal for Salary Sacrifice? We have consensus that we will only use Community Sector Bank for all Salary Sacrifice arrangements- I am a little confused as to how this discussion is continuing?
Deleted User Mon 25 Mar 2019 5:40PM
Hi Jason, yes good point, and I did not feel that it was my decision to make alone, so put it up for discussion.
Michelle Dunscombe Sun 31 Mar 2019 12:50AM
@jasonemmins I'm a unclear when the proposal for CSB as the only Salary Sacrifice option was discussed it was a decision last year that it was the preferred but not the only option. As this directly impacts my situation as I currently Sal Sac to my mortgage which is compliant and doesn't add any cost to admin that I'm aware of. I did discuss with @kerry63 being able to continue my arrangement hence her question above. I do not want to have to change what I have been doing for years or open a CSB account.
Michaela Kennedy Sat 6 Apr 2019 11:49PM
I agree, my Sal Sac pays my rent. This has been set up since the beginning.
Michaela Kennedy Sat 6 Apr 2019 11:50PM
What is the extra work it adds to admin?
Brett Pischke Sat 30 Mar 2019 9:36AM
I am happy with the card. what ever reduces the fees for the organisation
Deleted User Sun 7 Apr 2019 6:05PM
The individual pays the fees, not Jeder.
Michelle Dunscombe Sun 31 Mar 2019 12:42AM
I am not happy to use Community Sector Banking as I've had my salary sacrifice set up to my mortgage since joining Jeder and don't believe it adds any complexity to the system.
Deleted User Sun 7 Apr 2019 6:19PM
My question is what do we need to have in place to ensure compliance if we continue to offer this as an alternative? In the past we have not always done Salary Sacrifice correctly. For example, in some instances people have been paid directly into their bank account. This is a risk to the organisation, not the indivdual.
Do we need a copy of the loan agreement for example, or for rent:
1. A copy of the Rental Agreement OR
2. A Statutory Declaration
3. Notice from Landlord with bank account details (If payment to be made direct) (this is from another org's process)
Some payments take more admin input to process, eg car leasing arrangement tend to be more complex. Also if there is multiple payments required for various things, then the card is the better option from an org point of view. If anyone has any other suggestions, I can include them in a proposal and put it up here to all members.
Deleted User · Fri 22 Mar 2019 3:56AM
We have circulated the details/process for salary sacrifice and have had a request to consider one other option other than using the Community Sector Banking Card. The proposal was to also include an option of having a payment made into a loan/lease account to an organisation. The decision to go with the card was to ensure compliance and reduce admin. if we were to offer the other options how would we ensure these two things? moving towards a proposal after discussion.