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285m wasted by ignoring employee share plans

UK workers will miss out on 285m of tax breaks this year by failing to take advantage of employee share schemes, according to research by IFA Promotion.
The organisation says the figure represents the amount of tax which could be saved if the estimated 865,000 staff currently in a savings related share option scheme invested half the level of investment permitted under the Governments share incentive plans.
IFA Promotion chief executive David Elms says: “A substantial amount of tax is being wasted by failing to take advantage of employee share schemes, but by seeking expert independent advice you will know if a share incentive plan is suitable for your circumstances and could help you avoid squandering money.”

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