Employee Ownership and Save as You Earn
The question
To ask the Chancellor of the Exchequer, if she will take steps to help increase the level of employee participation in (a) the Share Incentive Plan and (b) the Save As You Earn scheme.
Answered by James Murray
The Government fully understands the importance of enabling employees to share in the fruits of a company’s success, and for businesses to reward and retain employees effectively. The UK share schemes are popular, generous and internationally competitive.
A call for evidence on Save As You Earn (SAYE) and the Share Incentive Plan (SIP) ran from June to August 2023. It sought views on whether the schemes are meeting their policy objectives and opportunities to improve and simplify them. The Government is considering the responses to the call for evidence, and is grateful to those who took the time to respond.
The Government keeps all tax reliefs under review, to ensure they continue to meet their policy objectives in a way that is fair and effective.
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