Employee Benefits

Many organisations are facing increased competition to attract and retain quality employees. A tailored employee benefits program can be an effective tool for employee engagement, increasing morale, recruitment and retention of quality employees. 

About employee benefits

Employee benefits programs can be tailored to meet the specific requirements of an organisation, regardless of size. They can offer employees significant tax and other savings, convenience and preferential treatment across a range of benefits and services, including: 

  • Corporate superannuation
  • Salary packaging/sacrificing
  • Vehicle management and leasing
  • Wealth management
  • Corporate health plans

The value of a program

The administration of an employee benefits program can be time consuming and labour intensive for employers. Offering a program to employees can help improve their financial situation, making life transitions easier and help to achieve a more productive work environment.  

What we do @ Prosperity 

Our Employee Benefits team work with clients to develop strategic and tailored programs to meet individual organisational requirements.

Prosperity has developed a range of services that maximises benefits to both employers and employees. 

Salary Packaging

Organisations are facing increased competition to attract and retain quality employees. Many of them are realising that salary packaging/sacrificing is a key component of an effective remuneration and benefits strategy.  It takes more than just good working conditions and competitive salaries to attract and keep good people.

Salary packaging is a means of allowing employees to effectively restructure their income to reduce the amount tax they pay. Employees can choose to receive their salary as a combination of cash and benefits. These benefits are either tax free or taxed at concessional rates.

Prosperity’s salary packaging services offer real advantages to both employers and their employees. Our program can assist employers to improve morale and attract and retain high quality employees, without increasing costs, or burdening administration.

What can be packaged?

Prosperity works closely with employers to introduce a suite of benefits to your business that can enhance the lifestyle of every employee.

Benefits include:

  • Car leasing (novated lease)
  • Personal insurance
  • Superannuation contributions
  • Interest on investment loans etc.

Not-for-profit and rebateable tax status organisations enjoy additional benefits that are exempt from Fringe Benefits Tax (FBT). These organisations can package additional benefits including:

  • Mortgage/Rent payments
  • Personal living expenses
  • Eating out
  • School fees
  • Personal loans
  • Holidays

Start a conversation

To discuss your employee benefits needs with Prosperity contact us today. To find out more about Salary Packaging, visit our dedicated website here and to learn more about our novated lease offer, please visit us here.