New Bonus Rates
HMRC have announced that SAYE bonus rates will increase from the 1st September 2008.
SAYE Plan |
Old Rate4th April to 31st August 2008 in monthly contributions (AER) |
New Rate1st September 2008 onwards in monthly contributions (AER) |
| 3 year | 1.6 (2.84%) | 2.4 (4.23%) |
| 5 year | 5.1 (3.22%) | 7.0 (4.36%) |
| 7 year | 9.8 (3.36%) | 12.7 (4.28%) |
If at least 12 monthly contributions have been paid, simple interest will be payable at three per cent (3%).
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