Approved save-as-you-earn "sharesaver" schemes have had their Treasury determined interest rates low...
Approved save-as-you-earn "sharesaver" schemes have had their Treasury determined interest rates lowered for the first time since October last year. The new rates on three, five, and seven-year contracts will be applied as of 1 September. The approved schemes affected allow employees to save money to buy share options in the companies that employ them. Once the three, five or seven-year contract has expired, the employee can cash in the savings or use the money to buy shares at a pre-determined discounted level. The Treasury says the rate changes will not affect ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes