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
  Show all updates

  1. 18 August 2023

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

  2. 26 May 2023

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

  3. 16 June 2022

     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. 30 October 2014

     First published.

Documents

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.