BT staff get share scheme bonus bonanza

BT staff are set to profit from an employee share scheme, with some workers receiving more than £50,000 each.

Over 23,000 employees who bought into a £265million share scheme over the course of five years are now able to purchase valuable BT stock at a fraction of the market price. Workers were able to save between £5 and £250 a month with staff now free to purchase shares at the price they were when they started the venture five years previously.

13,000 employees who saved for the maximum time can buy shares at £1.04, whilst those who saved for three years can have them at £1.89. The current price of BT shares is £4.64.

The average gain for staff that saved for five years is £10,236, and for those who opted in three years ago their standard take home fee is £4,400.