Sharesave bonuses up

HM Treasury has increased the bonus rates payable on sharesave schemes. The new rates are effective for employees who signed up to sharesave contracts on or after 1 September 2008. Staff who signed up to plans with a three-year saving period will now receive a 4.23% bonus rate instead of 2.84%, while five-year plans will attract a 4.36% rate as opposed to 3.22%.