ifs ProShare welcomes Government backing of employee share ownership
Monday, January 16, 2012
by: Matt Beasley
ifs ProShare, the voice of the employee share ownership industry in the UK, has today welcomed the coalition Government's announcement that it will be cutting red tape and reforming the tax system to encourage employee share ownership. With 44% of eligible employees already participating in a Save As You Earn scheme (SAYE), according to its latest annual survey, ifs ProShare hopes that more employees will see the benefits of this tax efficient, low risk method of saving.
John Collison, Head of ifs ProShare said:
"We have been in frequent contact with the Government as they have been considering making such schemes easier for employers to implement and therefore available to more employees. Share plans often strengthen employee - employer relationships and give all employees the ability to share in the success of the company they work for. Companies benefit from a more engaged workforce when employees know their efforts are directly contributing to the value of the company and the value of their share holding. ”
ENDS
Notes to editors:
ifs School of Finance
The ifs School of Finance is
a registered educational charity incorporated by Royal Charter. It has a remit to
provide the financial services industry with a skilled, effective and competent
workforce whilst also promoting a better understanding of finance amongst consumers.
The ifs is the only educational body with a specific focus
on finance that has the power to award its own degrees. Its formal qualifications
range from GCSE and A Level equivalents for the 14–19 age group, to Degree and Masters
programmes for financial professionals. The ifs also offers
professional development, competence maintenance and executive education programmes
through its alumni membership services.
Please ensure the letters “ifs”
appear only in lower case to avoid confusion with the Institute for Fiscal Studies
(often referred to as the “ifs”) with whom we have no association.
For further information, please contact Mr Matt Beasley (Media
Relations Manager at the ifs School of
Finance) on 020 7444 7103 or e-mail
mbeasley@ifslearning.ac.uk
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