Optus is a Group Savings Scheme, designed for employers to provide additional occupational benefits for their employees, by saving regularly on their behalf. Schemes can accept regular contributions from both employers and employees as well as lump sum additional voluntary contributions.
They also have a Group Protection Policy which enables companies to provide protection benefits for employees. This extra provision is a great way to retain the key personnel in your business.
The schemes are administered by the employer and/or their financial adviser, who have access to a special secure website via which they can - amongst other things - add or remove scheme members, submit payments, switch funds, redirect future contributions and allocate member contributions by direct upload from payroll.
For more details regarding the scheme, or for a free consultation, please contact us.