Firm offers help with deposit as part of benefit package

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HSA, a corporate healthcare provider, has decided to offer a helping hand to those in its workforce wishing to step onto the property ladder as a part of its benefit package.

In a bid to help struggling first-time buyers working for the firm, HSA has launched a 'Save to Buy' scheme, which it hopes could make it easier for employees to save up for a deposit on a house. The scheme will match employee savings for up to 10 years, ranging from 3% to 6% of net monthly pay. For example, an employee taking home £1,000 a month could gain a pot of nearly £1,500 in a year if he or she was to make a monthly saving of 6%. However, this is before bank/building society interest is added on the employees total savings and before any tax and national insurance have been...

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