SE05150 - Emoluments of employees and office holders: SAYE (Save As You Earn) - employer’s contributions

Section 19(1)1 ICTA 1988

An employer's contribution to a Save As You Earn scheme on behalf of an employee is an emolument chargeable under Section 19 (1)1 ICTA 1988 (see SE00510 onwards). Schemes are run by the National Savings Bank, the Trustee Savings Bank and building societies.

The same applies to an employer's contribution to the monthly payments under an employee's SAYE contract.