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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

From
HM Revenue & Customs
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Schedule 3 SAYE option schemes: Linkage to Savings (Arrangement): The Schedule 3 SAYE contract

Certified SAYE savings arrangements are operated by a number of financial institutions including a number of major building societies and banks (see ETASSUM34030).

Under these SAYE savings arrangements, individuals to whom share options have been granted under a Schedule 3 SAYE option scheme may enter into savings contracts under which they contract to make either 36 or 60 monthly contributions.

  • 36 monthly contributions (under the three year savings contract), or
  • 60 monthly contributions (under the five year savings contract).