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HMRC internal manual

Employment Income Manual

Employment income: Save As You Earn (SAYE): employer's contributions

Section 62 ITEPA 2003An employer’s contribution to a Save As You Earn scheme on behalf of an employee is part of the employee’s taxable earnings (see

EIM00520 onwards). Schemes are run by the National Savings Bank, the Trustee Savings Bank and building societies.

The same applies to an employer’s contribution to the monthly payments under an employee’s SAYE contract.