How employee share plans can increase your wealth

Generous tax concessions announced in the budget make it easier for employees to share in their company’s growth.

Duncan HughesReporter

Apr 13, 2022 – 5.00am

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Toby Barrett, finance manager for mx51, a digital start-up, says his employee share scheme creates an opportunity for him to make big potential financial gains as his company expands.

For his boss and company founder, Magnus Hsu, the scheme giving employees a stake in his payment-platform company has helped attract and retain skilled staff in a cut-throat job market.

Duncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom.