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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes