Ingrid Waterfield comments on the Save As You Earn (SAYE) share schemes.
Ingrid Waterfield, Director at KPMG, comments: "Buried in the Budget details is a surprising but welcome change to Save As You Earn (SAYE) share schemes.
"Employees on maternal or paternal leave will now be gifted a 12 month pause from paying contributions, up from six months previously. Not only does this reflect the growing demand for flexibility from employees but also better supports organisations' own diversity and inclusion agendas.
"It also shows the Government is listening to employee and business concerns about the indirect implications for those taking a break from the workplace."
Follow us on twitter: @kpmguk #AutumnBudget
For further information please contact:
KPMG Press office
T: +44 (0) 207 694 8773
Alastair Henry, Citypress on behalf of KPMG Corporate Communications
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swissentity. Each KPMG firm is a legally distinct and separate entity anddescribes itself as such.