TITLE

Treasury sets rate changes

PUB. DATE
October 2006
SOURCE
Employee Benefits;Oct2006, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the announcement of Her Majesty's Treasury about the changes of bonus rates payable at the end of three, five or seven-year sharesave plan, starting on September 1, 2006 in Great Britain. In accordance with the interest rate moves, the rates are reviewed annually, regardless of the changes. The rates have raised, starting 3.19 percent for a three-year scheme, to 3.52 percent for a seven-year scheme. Bonus rate is given to staff who joined a plan prior to the rate hike.
ACCESSION #
23153101

 

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