Budget 2000: Main points for employees
Click here and scroll down to read the main points of the Budget affecting employees.
Improvements to the all-employee share plan. Rules for SAYE and the company share option scheme remain as they are. The approved profit sharing scheme is to stay until 2002 when employers will have to move their APS schemes into new plans.
Childcare provisions by employers to remain free of national insurance contributions to encourage employers to provide more childcare facilities.
Basic rate of income tax to go down as already announced to 22% from April.
Childrens tax credit up to £442.
Phone line to advise people on leaving the ‘hidden economy’.