Our website uses cookies to improve your user experience. If you continue browsing, we assume that you consent to our use of cookies. More information can be found in our Cookies and Privacy Policy. 

X
Skip to content
Employee Benefits
  • News
  • Covid-19
  • Tax & Legal
  • Benefits
  • Events
  • Suppliers
  • Email sign up
Search Login / Register Primary Menu
Close
or Register
news Motivation and recognition Share schemes Share schemes

Staff save £122.94 a month through share schemes

By Marianne Calnan 1st July 2015 12:00 am 6th April 2017 3:36 pm

More than 1.4 million UK employees are now saving an average of £122.94 a month by investing in the oranisation they work for through share schemes, according to a study from IFS Proshare. 

Share schemes

Data from its annual Sharesave (SAYE) and share incentive plan (Sip) survey reveals that these figures are up from 1.25 million employees saving £107.76 a month in 2013.

The research found that UK employees saved an additional £40 million through share schemes in 2014 compared to 2013.

The study also found:

  • Following the government’s decision to raise monthly saving allowances, more than a fifth (21%) of employees have increased their contributions to sharesave schemes or Sips.
  • The number of employees joining a sharesave scheme in 2014 rose to 576,538 from 378,420 in 2013.
  • The percentage of employees choosing to join a five-year share scheme contract rose at the expense of a three-year contract, with the former rising from 18% to 20% while the latter fell from 83% to 80% over the same period.

Gabbi Stopp, head of employee share ownership at IFS Proshare, said: “These findings once again demonstrate the inherent value of employee share ownership to the economy, to productivity and to levels of savings throughout the UK.

“It is encouraging to see that recent changes introduced by HMRC [Her Majesty’s Revenue and Customs] and campaigned for by IFS Proshare have led to a greater uptake from employees deciding to participate in their employers’ share schemes.

“We will continue to make the case for employee share ownership, for our members and for employees of all organisations up and down the country so that more people and the UK economy may continue to benefit from these schemes’ undoubted advantages.”

 

 

news Benefits technology

Doncaster Council switches voluntary benefits provider

13th July 2015 12:21 pm 3rd November 2015 4:43 pm

Europe: Neptune’s Burnett looks beyond Greece

20th July 2015 2:08 pm 20th July 2015 2:08 pm
news Healthcare and wellbeing

EAT introduces 18-month limit on holiday pay carry over

1st July 2015 12:00 am 5th April 2017 9:13 am
Case studies

NHBC uses group risk benefits to prepare for the future

14th July 2015 6:05 am 3rd November 2015 4:43 pm
Sign up for the leading independent source of news and expert analysis delivered straight to your inbox. Sign up
Latest ArticlesComments
news Pay strategy

Linklaters reports 20.7% mean gender and 10.8% ethnicity pay gaps

15th January 2021 11:14 am 15th January 2021 1:54 pm
news Benefits for carers

71% of working mothers have had their furlough requests refused

15th January 2021 10:15 am 15th January 2021 10:15 am
news Employee wellbeing

JTF Mega Discount Warehouses launches employee assistance programme

15th January 2021 10:04 am 15th January 2021 2:40 pm
news Total reward

The top 10 most-read articles between 7 January – 13 January 2021

15th January 2021 6:00 am 14th January 2021 11:12 am
  • Cancel reply

    Threaded commenting powered by interconnect/it code.

Explore

  • Email sign up
  • News
  • Benefits
  • Analysis
  • Supplier network
  • Events
  • Jobs
  • Video
  • Buyer’s guide
  • Case studies
  • Opinion
  • Industry sectors
    • Building & Construction
    • Charity / Voluntary
    • Financial Services
    • Healthcare
    • Industry
    • Leisure
    • Logistics
    • Manufacturing
    • Media
    • Pharmaceuticals
    • Professional Services
    • Public Sector
    • Retail
    • Technology / telecommunications
    • Transportation
    • Utilities
  • Digital editions
  • Contact us
  • Twitter
  • LinkedIn
  • Contact us
  • Cookies
  • Privacy
  • Website Terms and Conditions

Copyright @ 2020 DVV Media HR Group Ltd

built by Bournemouth Digital

DVV Media HR Group Limited. Registered in England and Wales no. 6776955.

Registered office 1st Floor Chancery House, St Nicholas Way, Sutton, Surrey SM1 1JB