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Payroll Deduction
What is the Payroll Deduction Program?The Payroll Deduction Scheme is a community partnership between the Helicopter Service, businesses and their employees to ensure the continued operation of the Helicopter Service. Employees nominate an amount to be deducted from their regular pay which is donated to the Service. The scheme's success is based on the number of employees contributing small amounts over time and the fact that small amounts from a pay packet are rarely missed, and the total amount each year is tax deductible.
Employer BenefitsEmployers often match employees donations, thus doubling the support given to the Helicopter Service and increasing the community profile of the company and its reputation and competitive edge. Knowing their employer supports a not-for-profit service such as the Westpac Rescue Helicopter Service strengthens staff morale and employee loyalty. Local community involvement raises a company's corporate profile and enhances corporate reputation.
Employee BenefitsIt is a stress - free way for employees to make regular, tax deductive donations to the Westpac Rescue Helicopter Service.
Employee support of payroll deduction can lead to greater involvement with community initiatives organised by, or in support of the Westpac Rescue Helicopter Service.
How Does It Work?An employee signs up to the Payroll Deduction Scheme by completing a simple form, nominating the regular payroll deduction amount. The form goes to your payroll department where they deduct the nominated amount from the employee's weekly or fortnightly pay. The total amount is then remitted to the Service usually each month. At the end of the financial year, an employee's PAYG summary will contain the necessary donation information for their tax return. A representative of the Westpac Rescue Helicopter Service is available to speak with employees to give an insight into the program. For more information, contact the Service on 1800 155 155 or download the Payroll Deduction Brochure
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