SAYE share option schemes: Autumn 2017 Budget change

Uncategorized 1 Minute

The Chancellor has announced a small change to the terms of SAYE savings contracts linked to savings-related share options.

Employees on maternity and parental leave will, from 6 April 2018, be able to take up to a 12 month pause from saving into their SAYE savings contracts. The current time limit for taking such a ‘savings holiday’ is 6 months.

Published by davidpetttax

David Pett Former solicitor valued for his strong advice to taxpayers on employment and corporate tax related issues. He is particularly respected for his deep knowledge of employee share schemes. Strengths: "Clear, clever, very commercial and highly responsive." "He really knows employment tax inside out." David Pett is a specialist counsel and member of Temple Tax Chambers, advising on tax, remuneration and employee share schemes. - Chambers Review

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