RM2 > Resources > News > Every little really does help for Tescos SAYE scheme participants

Every little really does help for Tescos SAYE scheme participants

Posted on April 09, 2010

More than 55,000 employees of Tesco have seen the benefits of the Employee Share Scheme which was put in place. Participants of Tesco's Save-As-You-Earn (SAYE) scheme contributed between £5 - £50 per month for 3 or 5 years and are now splitting a massive £144.4m between them, a 44% and 100% return respectively.

Over 9,000 employees who contributed the maximum £50 per month for the maximum period of 5 years have received more than £6,000 each.

Employees who joined the scheme 5 years ago bought shares for £2.32 each the price at 1st February 2010 was £4.22, a massive increase in today's climate. Those who bought shares 3 years ago paid £3.07 per share.

Schemes such as the Enterprise Management Incentive (EMI), Share Incentive Plan (SIP) and the Company Share Option Plan (CSOP) enable employers to provide a tax efficient way to retain loyal staff.

For more information on employee share schemes, speak to one of our experts now on 020 8949 5522 or continue exploring our website!

 
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