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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

HM Revenue & Customs
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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:

  1. the descriptions of individuals who may enter into contracts under an arrangement,
  2. the contributions to be paid by individuals, and
  3. the sums to be paid or repaid to individuals.

The main features of a Prospectus are discussed in more detail under the following headings: