Your guide to our wellness benefit
Supporting our people to be at their best
What
Our wellness benefit of up to $500 per year will go a long way towards helping you maintain a healthy lifestyle. We encourage our people to take active
measures to maintain their health and wellbeing.
Who
The $500 wellness benefit is available to all permanent and fixed-term (12 months or more) employees, each financial year of service (July – June).
It is your responsibility to ensure that any chosen health or service provider is appropriately trained and uses safe practices and equipment. Ensure that the
health, wellbeing and fitness activity or service you have chosen is safe for you. Consult your doctor if you have any questions about your health and the
programme you are considering.
How
Complete the Wellness Claim Form on the Vault, and send it to [email address] along with your GST receipt. Remember, any receipts that include a
name (such as memberships, medical visits, purchases made online) will need to be made out in your name.
Claims are paid out in the fortnightly pay after the reimbursement has been approved. They must be submitted by COB Wednesday prior to a pay week to
be included in the next pay cycle.
The Bank will gross up claims for PAYE deductions (e.g. income tax) to deliver the net amount claimed. There are some exceptions where the net amount
claimed will be subject to some specific deductions, e.g. if you have a student loan then the standard student loan deduction will be applied.
The Wellness claim year ends early in June to ensure all reimbursements are made prior to our financial year end. The cut-off date will be notified to all
employees around this time.
What can I claim?
We recognise that wellness is different for everyone, it's about you feeling you're able to be your best. We will reimburse up to $500 for any items and
services that have a clear linkage to your wellbeing.
The list below is intended as a guide, but is not an exhaustive list. If you have queries about anything not listed here you can contact [email address].
Approved activities and services
Not included
Fitness & Recreation
Memberships, passes and purchase of:
Gyms and sport clubs
Tools
Sports facilities, including swimming pools, tennis or squash courts, etc.
Casual footwear, i.e.: streetwear such as Chuck Taylors
Sports club memberships such as golf, tennis, netball, soccer, bowls, etc.
Clothing not related to regular physical activity such as
beachwear, non-prescription sunglasses, and casual jackets
Classes providing regular physical activity such as yoga, pilates, dancing, martial
and coats
arts, aqua aerobics etc.
DVDs or gaming consoles and video games
Season passes providing regular physical activity such as skiing and snowboarding
Items purchased without a GST receipt, i.e. from Trade Me,
Purchase or rental of sports equipment such as treadmills, rowing machines,
Facebook Marketplace, etc
boxing gear, yoga mats, swiss balls, bicycles, clubs and rackets, and auxiliary
equipment such as golf balls and hiking poles
Sports clothing and footwear, including items such as running shorts, running
shoes, outdoor jackets, active swimwear
Safety gear such as bicycle helmets and safety lights
Approved activities and services
Not included
Primary Health Care and Registered Therapists
Includes visits to and treatment from:
GP – includes regular visits to your GP or practice nurse and an annual medical
Treatment and/or rehabilitation already paid for by ACC
check-up
cannot be claimed, however you can claim any difference in
costs
Dentist – includes check-ups, cleans, routine x-rays and treatment by a dentist or
hygienist
Cosmetic lenses are not claimable
Optometrist – includes eye sight tests, prescription lenses or contact lenses
Surgery or cosmetic treatments are not covered
(claims for new prescription lenses are limited to one per year, including two for
one deals), prescription frames
Supplements or medicines, purchased from or prescribed by
a service provider are not covered
Audiologist – includes hearing tests. If a hearing test determines a hearing aid is
required, initial purchase cost can be claimed
Dermatologists or Molemaps – initial and repeat assessments with Molemap New
Zealand or other dermatologists (for skin checks)
Physiotherapist
Chiropractor
Podiatrist
Osteopath
Acupuncturist
Approved activities and services
Not included
General Wellbeing
Includes visits to or participation in programmes with:
Registered counsellor
Registered dietician
Registered nutritionist
Weight management programmes
Registered therapeutic massage therapist
Frequently asked questions
1. If I started mid-year or work flexibly, is my $500 wellness benefit allocated pro-rata?
No. As long you are a permanent or fixed-term (12 months or more) employee you can claim the full $500 between 1 July – early June regardless of
how many months you are at the Bank in that year or your hours.
2. If I do not claim my $500 within the financial year, does it roll over to the next year?
No. the $500 is only available for the financial year, any unclaimed portion is lost. So use it or lose it!
3. Can I submit multiple claims over the year?
Yes. You do not have to claim the full $500 in one go. However, to make processing easier for our support teams we ask that you try to limit claims
to two in a year if possible.
4. Can I supply a bank statement if I do not have a GST receipt?
No. The Bank requires a GST receipt for all claims. This may mean any purchase you make through sites like Trade Me or Facebook Marketplace
may not be reimbursable as it’s likely you won’t get a GST receipt.
APPENDIX 1 – Resources
Wellness Benefits – The Vault
http://thevault/WorkingHere/HealthAndWellbeing/Pages/HealthAndFitness.aspx
Molemap New Zealand
https://www.molemap.co.nz
