HMRC Updates SAYE Bonus Rates Guidance: New Rates Apply From November 2024

We use some essential cookies to make this website work. We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. We also use cookies set by other sites to help us deliver content from their services. You have accepted additional cookies. You can change your cookie settings at any time. You have rejected additional cookies. You can change your cookie settings at any time. The latest changes to the bonus rates for Save As You Earn (SAYE) share option schemes. Bank of England bank rates for Save As You Earn (SAYE) share option schemes HTML Both the 3-year and 5-year rates for Save As You Earn ( SAYE ) share option schemes will change on the 15th day following a change in the Bank of England Bank Rate, as set out in the SAYE bonus rates automatic mechanism. The new Save As You Earn (SAYE) bonus rates and early leaver rates that apply from 20 November 2026 have been added. The new Save As You Earn (SAYE) bonus rates and early leaver rates that apply from 2 January 2026 have been added. The new Save As You Earn (SAYE) bonus rates and early leaver rates that apply from 8 August 2025 have been added. The new Save As You Earn (SAYE) bonus rates and early leaver rates that will apply from 23 May 2025 have been added. The new Save As You Earn (SAYE) early leaver rate that will apply from 21 February 2025 has been updated. This was previously shown as 100% in error. The new Save As You Earn (SAYE) bonus rates and early leaver rates that will apply from 21 February 2025 have been added. The new Save As You Earn (SAYE) bonus rates and early leaver rates that will apply from 22 November 2024 have been added. The new SAYE bonus rates and early leaver rates that will apply from 16 August 2024 have been added. The new SAYE bonus rates and early leaver rates that will apply from 18 August have been added. Examples of Bank of England bank rates for Save As You Earn (SAYE) Share Option Scheme have been added. This is to prepare for when the new SAYE Mechanism comes into effect on 18 August 2023. HMRC concluded its review to simplify the SAYE Bonus Rate Mechanism, and new bonus rates linked to the Bank of England Bank Rate came into effect on 18 August 2023, replacing the previous 0% rates that were in place from 30 June 2022. Changes to the bonus rates for SAYE Share Option Schemes. Do not include personal or financial information like your National Insurance number or credit card details. To help us improve GOV.UK, we’d like to know more about your visit today. Please fill in this survey (opens in a new tab and requires JavaScript ) .

Lawyers and compliance officers advising on employee share schemes must be aware of the updated SAYE bonus and early leaver rates, particularly the 0% bonus rate currently in effect during HMRC's review, to accurately advise clients on scheme administration and participant financial outcomes. They should monitor for the outcome of HMRC's review into simplifying the SAYE Bonus Rate Mechanism.

Source: Original reporting via HM Revenue & Customs