Business, Legal & Accounting Glossary
A former government scheme which allowed tax concessions to people making regular savings from their salaries into certain building society, bank and National Savings accounts. Maximum savings per month were £20 and tax-free bonuses paid after five and seven years. SAYE was abolished after the November 1994 Budget.
noun a savings-related scheme set up by an employer that gives employees a right to buy a certain number of shares in the company at a fixed price at a particular time. AbbreviationSAYE a savings-related scheme set up by an employer that gives employees a right to buy a certain number of shares in the company at a fixed price at a particular time.
SAYE
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This glossary post was last updated: 21st November, 2021 | 0 Views.