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Business Solutions
For the Employer, we implement an employee benefit program designed to convert the SG liability from a cost to a recognised employee benefit offering employers a point of differentiation in the highly competitive employment market.
Importantly, we promote the employer every step of the way ensuring employees associate their benefits with their employer.
How does our solution benefit the employer?
Rather than simply offering a “one size fits all” superannuation model, Provident Financial Services offers you the ability to vary your employee benefits to match your organisation’s needs and objectives – making this employee benefits package completely unique to your business. For every package our primary goals remain;
Employee satisfaction
Offering your employees a comprehensive employee benefits package, which helps care for their financial future, demonstrates your loyalty to them and encourages the attraction and retention of key staff.
Administration simplicity
You will have a dedicated Adviser to provide initial and ongoing advice to you and your employees. In addition, you will benefit from a dedicated Provident corporate administration assistant to handle the day to day operation of the fund.
Compliance
Compliance requirements associated with employer superannuation are likely to come under greater scrutiny. Provident can provide a complete compliance regime for you, reducing non-core activities for the group.
How does our solution benefit the employee?
We implement the right solution while ensuring that employees are aware of their benefits. These include;
Executive whiteboard sessions
These are member (executive) driven sessions; a specialist adviser will come to your office (on your terms) and provide a forum for discussion and education surrounding relevant key issues raised by executive employees. Issues discussed can range from economic or market updates through to issues of asset protection and retirement planning.
Market information sessions
In the event of a major market event, Provident will make itself available to present a market update and provide education around the specific event. This reduces members’ anxiety around these issues and promotes you as an employer of choice.
Banking
Advice to members on personal banking and home finance through a range of providers from Australia’s leading institutions. Members are provided with a refund on all establishment fees and may also qualify for interest rate discounts. Provident Strategic Lending can configure an easy and cost effective structure for the member’s personal borrowing needs.
Group salary continuance
Although Corporate Superannuation solutions provide for salary continuance not all employees may be covered if they have chosen an alternate fund under the choice legislation. Provident is able to advise on group salary continuance to ensure all eligible staff are covered at group rates regardless of their choice of superannuation fund.
Salary Packaging
Salary Packaging can be a complex area and is often misunderstood by employees. Provident can assist Employers in designing salary packaging solutions and then assist employees in choosing the right salary mix for them.
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Any advice contained in this document is of a general nature only and does not constitute personal financial product advice. In preparing the advice no account was taken of the objectives, financial situation or needs of any particular person. Therefore, before making any decision, readers should consider the appropriateness of the advice with regard to their particular objectives, financial situation and needs.
Paul Carter Pty Ltd ABN 16 079 780 895 trading as Provident Financial Services and Paul Carter are Authorised Representatives of AMP Financial Planning Pty Limited ABN 89 051 208 327 AFS Licence No. 232706.
2. Peter McDonald ABN 87 815 253 692. Trading as Provident Strategic Lending Accredited Mortgage Consultants with the Mortgage and Finance Association of Australia Finance Brokers Licence No. 3596
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