Is there a positive signal from the company that you as an employee will receive a salary bonus? Getting a bonus is something to be grateful for. However, make sure the bonus doesn't just pass you by. Use the Jago application from Bank Jago to manage money, including bonuses, more easily and practically, the way you want or according to sharia.
How Much Bonus Will You Receive?
Each company has its standards and policies when determining the amount of bonuses that will be given to the employees. Therefore, the bonuses you get can vary, they cannot be calculated equally.
You may have had experience working in several different companies, where some gave bonuses but others didn't.
Bonuses are generally given when the company succeeds in having good performance so that the profits obtained can be given to employees.
In distributing bonuses, each company generally also takes into account factors such as employee achievement, length of service and position.
There are various types of bonuses that employees can receive. For example, annual bonuses and bonuses for extraordinary achievements, performance or contributions from employees.
How to calculate bonus money
As stated above, each company can have its policy in determining the amount of bonuses its employees will receive. Thus, there is no general formula used by all companies regarding employee bonus calculations.
However, one thing is certain, whatever formula the company uses, employee bonuses will be taxed.
Easy and Practical Ways to Manage Bonus Money Using the Jago Application
There are several ways that you can apply to manage your bonus and overall finances through the Jago application after having a Jago/Jago Syariah account.
1. Decide the goals you want to achieve and create Jago/Jago Syariah Pockets to make them happen
Bonus, in addition to the salary you regularly receive, is sure to be very helpful, whatever the amount. So you don’t spend all your bonus, you need to decide the goals you want to achieve.
Some financial goals that you can consider are, for example, building an emergency fund (if you don't have any yet), paying off debt (if you have any), building retirement funds, investing to get a return, and of course, you can use your bonus to treat yourself.
You can save some of your bonus for just one financial goal. However, you can also allocate it for several financial goals, with portions that you set yourself.
The awesome thing about using the Jago application is that you can set the bonus for what you want to use it for. Create Jago/Jago Syariah Pockets in the number according to your needs and start allocating your bonus to each Pocket that has been created.
Especially for Jago Syariah users, the Jago Syariah Saving and Spending Pockets use Wadiah Yad Dhamanah akad without interest. As such, you can save more blissfully according to sharia principles.
2. Continue saving with a budget that is automatically allocated to your Jago/Jago Syariah Pockets
You can continue saving consistently in the following months, with the source of funds coming from salary, not bonus. Saving consistently and with discipline is easier by making use of the automatic budgeting feature in the Jago application. Select the Pockets you want to add the balance to automatically and the time to transfer the budget.
Learn more about automatic budgeting and how to do it in the Jago application in this article.
3. Save and/or invest in Jago/Jago Syariah deposits to enjoy extra profits or additional income
Do you want the company bonus to not just sit idly in your bank account? Maximize it by choosing savings or investment products that provide higher returns.
Conventional Jago users can save or invest part of the bonus received in Bank Jago deposits. Open a Jago Deposit from the Jago application, decide the amount you want to save, select the desired tenor, and get competitive interest.
Meanwhile, Jago Syariah users can invest money in Sharia Deposits. By saving part of the bonus in a Sharia Deposit, you will get profit sharing according to Mudharabah Muthlaqah akad.
Both conventional Jago and Jago Syariah users can choose to renew deposits automatically to the next period. For maximum profits, consider extending the total balance in deposits, not just the principal funds.
4. Invest in mutual funds and stocks with the Bank Jago ecosystem to earn more profits
You can enjoy easy and practical investment with the Bank Jago ecosystem: Bibit and Stockbit.
Want to invest some of your bonus in mutual funds? Link your Jago/Jago Syariah and Bibit accounts to make investing more convenient without switching applications and enjoy free top-up fees. If you upgrade your Bibit account to Bibit Plus using Jago/Jago Syariah RDN, you can access more investment options, including stocks and FR bonds.
Interested in stock investment to get more profits from the bonus you receive? You can also start trading stocks in the Stockbit application. Open Jago/Jago Syariah RDN first in a matter of hours to make stock trading more convenient. Top up your Jago/Jago Syariah RDN directly from your Pocket for easier investing.
Learn the differences between Jago Syariah RDN and Jago RDN in this article.