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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

Schedule 3 SAYE Option Scheme: Eligibility of individuals to participate: Material interest - Pre and post FA13 overview

  • Prior to FA13 anyone who owned more than 25 % of the company was ineligible to participate in an SAYE scheme. This was the ‘material interest’ test.
  • FA13 removed the ‘material interest’ test for determining whether an individual can participate in a Schedule 3 SAYE scheme, from 17 July 2013 onwards.
  • For the position prior to FA13 see ESSUM archive copy ESSUM32510 to ESSUM32590.