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News Articles Finance/Money The Company Share Schemes are Tremendously on Rise
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The Company Share Schemes are Tremendously on Rise |
| Written by Bernard Kayden | |
| Tuesday, 27 May 2008 | |
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The recent figures have shown that a growing number of workers are saving a lot through the company share schemes.<br><br> London(Online-unsecured-loans) Monday, May27, 2008 – According to the annual figures from a not-for-profit membership organization named ProShare around five million British employees are now taking part in some form of employee share plan. The company acts as the voice for the employee share ownership industry.The huge majority of the British employees are doing so by investing their money in a “Share Incentive Plan” (SIP) or a “Save As You Earn (SAYE)” scheme. According to the reports, almost fifty new Save As You Earn plans have been introduced in the past year and the number of participants have risen from 1.7 million to 2.3 million in the year 2006. The average amount saved has also been increased from seventy one pounds per month to eighty nine pounds per month for 'Save As You Earn' schemes and from seventy two pounds per month to eighty three pounds per month for 'Share Incentive Plans'. "Share Incentive Plans and Save As You Earn are both tax-efficient savings mechanisms that can enable employees to build up a good level of savings,” said Phil Hall, head of public affairs at ifs ProShare. He also added that “The earthshaking increases in the monthly amount of money employees are saving, in both Share Incentive Plan and Save As You Earn, are especially welcome given the financial conditions of present times." For more information on the subject of this news ( or for a sample, copy or demo) contact webmaster or visit http://www.online-unsecured-loans.co.uk/ |
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