Ifs Proshare appeals to government to increase sharesave limit

Ifs ProShare has written to the Chancellor of the Exchequer, Alistair Darling, urging him to increase the maximum amount employees can save through a sharesave (save-as-you-earn (SAYE)) scheme. The industry body said that if the maximum amount of money employees can save through this kind of scheme, currently £250 per month, had been raised in line with inflation, it would now stand at £400 per month.