Prosperity Salary Packaging for employers
At Prosperity we are aware that organisations are facing increased competition to attract and retain quality employees. It takes more than just good working conditions and competitive salaries to attract and keep good people. Salary packaging can be a key component of an effective remuneration and benefits strategy.
Salary packaging provides a means for employees to effectively structure their income, by paying for approved benefits from their pre-tax salary.
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. This means they reduce their taxable income, allowing them to maximise their tax benefits and essentially save money.
We work closely with our clients to develop strategic and tailored salary packaging programs to meet individual company needs and requirements. Our core services include:
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education workshops
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employee communications
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employee helpdesk
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marketing and promotion
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payroll functions, including payments and reconciliations
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policy development
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program structuring
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reporting