Save As You Earn Indeed
August 11th, 2015
Hundreds of thousands of employees in SAYE schemes can expect big payouts on 3-year schemes maturing now, says the Financial Times. It cites the example of someone who had saved £100 per month with the Easyjet SAYE, which will pay out £14,250 or four times the amount paid in over the past three years.
Other FTSE companies where gains have been substantial are BT (share price up from £1.75 to £4.65 over three years) and Pearson (£9.09 to £12.03). The scheme is no-risk since if the share price is lower than the starting price, savers get their cash back. Despite this, only a third of qualifying employees participate in SAYE schemes.