Employees at Tesco are this month reaping the rewards of the company’s Save As You Earn share scheme.

More than 55,000 members of staff, who have saved between £5 and £50 a month for the past five and three years, are sharing a £144.4m payout with returns of 100% and 44% for each scheme respectively.

Over 9,000 top savers – who have contributed the maximum £50 every month for the past five years, a total of £3,000 each – will receive more than £6,000.

“Tesco’s Save As You Earn scheme has really delivered for thousands of employees this year,” said retail director David Potts.

“With reports suggesting that 2010 could be another year of stretching personal budgets for many people, today’s returns will be a very welcome boost to income and are well deserved for the continued dedication and hard work of our colleagues.”

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