Schedule 3 SAYE option schemes: Linkage to Savings (Arrangement): Terms of prospectus
The terms of a certified SAYE savings arrangement are reflected in a Prospectus. Any Prospectus for a certified SAYE savings arrangement under Section 705 ITTOIA 2005 must satisfy requirements set by the Commissioners for HMRC. In particular, requirements relating to:
- the descriptions of individuals who may enter into contracts under an arrangement,
- the contributions to be paid by individuals, and
- the sums to be paid or repaid to individuals.
The main features of a Prospectus are discussed in more detail under the following headings: