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Chancellor aims to widen share ownership

CHANCELLOR Gordon Brown has revealed a tax boost to employee share options in his pre-budget speech.

The move sees the introduction of three measures aimed at encouraging more employees to take a stake in the ownership of their company.

Brown hopes the measures will boost productivity by increasing employee commitment to growth in the enterprises they work in.

The first measure will help more employees benefit from the business assets rate of taper relief, from capital gains tax when they sell their shares.

The second measure will expand Enterprise Management incentives so that smaller businesses can make more use of the benefits in a way best suited to their needs, and to help recruit a wider range of staff to help their company grow..

The third measure will address National Insurance liabilities on the growth in value of some employee share options that were granted to employees between April 1999 and May 2000.

Legislation will be brought forward to allow companies to settle these liabilities instead of letting them continue to accrue.


Nottingham Building Society – 2 Year Discounted Mortgage

Thursday, 9th November 2000.Discounted term: Two years.Discount: Up to 75 per cent of valuation 2.1 per cent, 76-90 per cent of valuation 1.9 per cent, 91-95 per cent of valuation 1.7 per cent.Payable rate: Up to 75 per cent of valuation 5.39 per cent, 76-90 per cent of valuation 5.59 per cent, 91-95 per cent […]

Now Tessa is 10

Tessas are approaching their 10th birthday and IFAs could play a vital role in helping avoid even more customer confusion.The first year of Isas has shown that investors do not understand the complex rules and being left to their own devices has left many in danger of losing out. So will the prospect of more […]

Treasury to light LTC &#39beacons&#39

The Treasury could be recommending “beacon products” to guide long-term care insurance standards before the end of the month according to industry insiders.It is understood these products will provide an example or beacon to ins urers on what LTC products should feature. It is also likely they will form the basis for consultation over whether […]

E D F & Man has introduced an offshore capital guaranteed bond

E D F & Man has introduced an offshore capital guaranteed bond aimed at high-net worth clients looking for growth. Man-Glenwood nexus guaranteed is the first bond to invest in the Man-Glenwood portfolio, which came into being through ED & F Man&#39s takeover of Glenwood3, an American investment adviser. The portfolio is made up of […]


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