AB17: SAYE change a welcome surprise | KPMG | UK

Autumn Budget 2017: SAYE change a welcome surprise

AB17: SAYE change a welcome surprise

Ingrid Waterfield comments on the Save As You Earn (SAYE) share schemes.

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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."

 

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