Guidance

Save As You Earn (SAYE) bonus rates automatic mechanism

SAYE bonus rates and early leavers rates are calculated in line with the new Bank of England Bank Rate.

From:
HM Revenue & Customs
Published
30 October 2014
Last updated
18 August 2023 — See all updates

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Save As You Earn (SAYE) bonus rates automatic mechanism

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Details

The new SAYE mechanism and prospectus came into effect from 18 August 2023.

Published 30 October 2014
Last updated 18 August 2023 + show all updates

  1. The new SAYE bonus rate mechanism came into effect from 18 August 2023.

  2. The Save As You Earn (SAYE) bonus rates automatic mechanism has been updated and comes into effect from 18 August 2023.

  3. HMRC are undertaking a review to consider options to simplify the SAYE Bonus Rate Mechanism. The bonus and interest rates are being held at 0% with effect from 30 June 2022 while this review is being undertaken.

  4. First published.

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