Share schemes grow in popularity, despite the downturn August 2011
Posted date: 12 August 2011
More than 1.4 million employees have invested in Save As You Earn (SAYE) share schemes – a five per cent increase year-on-year.
The popularity of the employee benefit has seen 44 per cent of eligible staff participate, in spite of economic pressures, according to research from ifs ProShare.
Although the amount being put into SAYE schemes has fallen from £107 in 2009 to £101 in 2010, the rise in take-up highlights that staff still see value in this tax-efficient method of saving.
John Collison, Head of ifs ProShare, said: “Share plans often strengthen the employee’s bond with their company as they know that in some measure, large or small, their efforts are directly contributing to the value of the company and the value of their share holding.”
The findings also revealed that a number of companies are offering Share Incentive Plans. These can take a number of forms, including free shares for employees or partnership and matching shares. Last year more than 350,000 workers received free shares worth a reported £238.8 million.
- Issue:
- August 2011
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