Non-Discretionary Tax-Advantaged Share Schemes: Call for Evidence

From:: HM Treasury
Published: 5 June 2023
Last updated: 26 November 2025 — See all updates

Read the full outcome

Non-Discretionary Tax-Advantaged Share Schemes Call for Evidence Summary of Responses

PDF, 248 KB, 28 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Detail of outcome

The government offers two non-discretionary tax-advantaged employee share schemes: Share Incentive Plans (SIP) and Save As You Earn (SAYE). These schemes support companies to incentivise and reward their employees, by offering a direct stake in the company and the opportunity to share in the company’s success, alongside generous tax treatment.

At Spring Budget 2023, the previous government announced it would launch a Call for Evidence (CfE) on SIP and SAYE. The CfE sought views and evidence on the usage of the schemes and whether they are effective in achieving their stated policy objectives. The CfE ran from 5 June 2023 to 25 August 2023.

The government is grateful to all those who took the time to respond. This document summarises the responses received.

Original call for evidence

Summary

At Spring Budget 2023, the government announced that it would launch a call for evidence on the Save As You Earn (SAYE) and Share Incentive Plan (SIP) employee share schemes. The government will use the call for evidence to consider opportunities to improve and simplify the scheme.

This call for evidence ran from
9am on 17 May 2023 to 5pm on 25 August 2023

Call for evidence description

The following document concerns the government’s decision to consider opportunities to improve and simplify the scheme.

The document covers key areas where the government would welcome evidence from stakeholders. It covers details of who should respond and how to submit responses.

Finally, the document details how any personal data collected during the survey will be processed and used.

Documents