Save As You Earn (SAYE)

SAYE is a tax-efficient cash saving scheme that lets you save towards buying shares in your company.

At the end of the term you have the option to buy shares in your company or take out your savings and tax-free bonus in cash.

The scheme has two components: a savings contract and a share option.

Savings contract

The savings plan offers a guaranteed return so is a no-risk investment. You can choose how much you save and for how long. At the end of the contract you'll be able to use all or part of your savings, plus a bonus, in order to buy shares in your company at the option price.

Share option

This plan lets you share in the success of your company. When you join the savings contract a special share price is set (known as the option price). If the shares have increased in value when the contract is finished, you can buy them at the option price. It's an effective way of buying shares at a discounted price and lets you enjoy the benefits of share ownership.

To help you work out your return, use our SAYE calculator.

Read the full SAYE prospectus

Read the SAYE terms and conditions

Read the full SAYE terms and conditions for online applications

Useful tools

SAYE Calculator