A Save As You Earn (SAYE) plan, also known as a savings-related share option plan or 'sharesave', is a tax-advantaged share plan that enables eligible employees of a company to be granted options to acquire shares – linked to three or five year savings contracts – in either the employer company or, in the case of a group plan, the holding company.
Companies must submit their year-end returns in relation to their UK employee share plans and share awards/acquisitions through the HM Revenue and Customs (HMRC) online administration service.
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