Changes are being made to bonus rates for Save As You Earn (SAYE) share option schemes (sometimes referred to as ‘Sharesave’) that will maintain them in line with other interest rates.
The bonus rates were last changed on 23 September 2011.
The new bonus rates effective from 1 August 2012 will be:
Contract type |
Bonus rate |
Annual equivalent rate |
|---|---|---|
3 year |
0.0 x monthly payments |
0.00% |
5 year |
0.0 x monthly payments |
0.00% |
7 year |
0.0 x monthly payments |
0.00% |
The Early Leavers’ Rate will remain unchanged at 0 per cent.
Employees who are already saving under existing SAYE contracts are not affected by these rate changes.
There is more information about employee share schemes, including SAYE, available by following the link below.
Find out more about Share Schemes
Please email comments or questions about changes in SAYE bonus rates to Share schemes
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