Standard Chartered is considering adding a sharesave plan and a range of investment funds for higher-rate taxpayers to its corporate wrap platform.
The bank wants to provide more options for staff affected by tax changes, including the cut in the annual tax-free pension contribution allowance from £255,000 to £50,000.
David Curtis, group head of pensions and benefits, said: “The idea is to extend to sharesave and give [high earners] access to a broader wealth proposition, which will help those who are caught by the allowance. It is for people who hit the £50,000 and want to save into other products.”
The bank’s corporate wrap platform, provided by Standard Life, enables staff to access saving products alongside its pension scheme. These include a self-invested personal pension, a cash individual savings account (Isa) and a stocks and shares Isa. Staff can invest part of their employer-funded pension contributions into these products, but must pay at least 9% into the trust-based defined contribution (DC) scheme.
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Hi,
I’m an ex-staff who possess 57 units of sharesave which I’ve purchased sometime back.
I’d like to sell those shares soonest possible at the best exchange rates offered.
Please guide.
thank you.
regards,
Mustapha.
Hi,
I forgot to include my staff id number: 1126746
My i/c no. 640530-08-5095
My contact no. +6019-3320535
thank you.