With a Meal Entertainment Card, savings are always on the menu.
Here’s some food for thought. With a Westpac Meal Entertainment Card, you can make more of your hard-earned money. As an employee of a Public Benevolent Institution (PBI) like the aged care industry, public hospitals and charity organisations, you’re in a unique position, because the Government allows you to take a part of your income as tax-free benefits. So, instead of taking all your salary in cash, you can use your Meal Entertainment Card to pay for meal entertainment expenses on a tax-free or reduced tax basis. And the more tax you save means the more you have in your pocket.
How does it work? It’s not some sort of tax loophole, it’s a special set of rules for a special industry. To take advantage of the savings, you need to have a salary sacrifice agreement with your employer. Then, once you’ve applied for your Meal Entertainment Card, your employer deposits the amount you’ve agreed on into your account. After that, you will receive a specific Visa card that you can start using to pay for meal entertainment expenses. As with any Visa card, you receive a monthly statement so you can keep tabs on your spending. The other advantage is that you don’t have to hang onto receipts and paperwork and apply for reimbursements. It’s a simpler system. Like any Visa card, it can be used anywhere in the world to pay for everyday expenses, wherever Visa is accepted. If you’re hungry for more information, just visit our website at: www.employeebenefitscard.com.au Current at April 2009
PBI Benefit Solutions Pty Ltd Suite 406, 152 Bunnerong Road, Eastgardens, NSW 2036, (02) 9314 0288 Level 9, ‘Seabank Building’, 12-14 Marine Parade, Southport, Qld 4215, (07) 5519 1904 42 THE LAMP APRIL 2009 Email: pbi@remuneration.com.au Web: www.employeebenefitscard.com.au
PBI
Public Benevolent Institution Solutions