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SAYE sharesave schemes - Interest Rates

H M Revenue & Customs have announced that the bonus rates paid on SAYE Sharesave Schemes have been reduced in line with other interest rates.

The Early Leavers’ Rate, paid where employees’ SAYE contracts are cancelled before the agreed date, has been reduced, from 3% to 2%.

These changes took effect from 27 December 2008.

 

 

Date: 19th January, 2009
Author: David Mansell

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