Every little really does help for Tescos SAYE scheme participants

Posted by admin at 15:51 on 13 Feb 2017

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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!