Sharesave


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Sharesave

(ˈʃɛəˌseɪv)
n
(Banking & Finance) (in Britain) a system by which employees can invest, risk-free, in their company's shares
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
They have been in negotiations with BA since November over pay, profit sharing and a sharesave scheme.
The new contracts would increase the basic rate of pay from PS8.21 per hour for all retail employees, and would still include the benefits of an annual bonus, colleague discount, sharesave and pension.
* The ShareSave app will enable one to buy devices from China.
In return they will receive a starting salary of [pounds sterling]17,983 rising to [pounds sterling]19,981 after nine months plus bonus, flexible shifts, 22 days paid holidays plus eight bank holidays, pension and sharesave schemes and free BT Broadband and discounts on mobile products.
In addition to this, the benefits package that staff at Waitrose receive includes discounts, an annual bonus scheme, pension contributions, a "sharesave" scheme that allows staff to save and plan for the future, a bank holiday premium, as well as paid breaks.
Two sharesave schemes run by the firm behind Costa Coffee, Premier Inn and Brewers Fayre have just ended and staff have benefited from a PS10million profit thanks to a jump in Whitbread's price.
Staff who enrolled in a three-year Sharesave scheme have watched their savings increase in value by more than 100 per cent on the back of a share price that reached 313p after a rise of almost 70 per cent from the 12-month low of 183.3p on December 16.
These ordinary shares of 76 122/153p each in the company will be allotted under Whitbread's Sharesave Scheme 2011.
My article on company Sharesave schemes said workers can lose out on share options if companies are bought by private equity firms, giving Alliance Boots as an example.
Even though the housing market is suffering, hundreds of staff at LSL Property Services, a York-based estate agency and parent company of high street brands such as Your Move, Reeds Rains and online surveyors e.surv, are cockahoop after sharing a multimillion-pound payout from a Sharesave scheme launched in 2008.
Other benefits include performance-related bonus of up to 16% of your salary, British Gas van, laptop computer, mobile phone, sharesave scheme and great career prospects.
It is really about the SAYE Sharesave scheme, and it offers the chance to buy shares in the company at a discount.