Bank of England bank rates for Save As You Earn (SAYE) Share Option Schemes
Updated 7 November 2024
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This publication is available at https://www.gov.uk/government/publications/change-in-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
Both the 3 year and 5 year rates for SAYE Share Option Schemes will change on the 15th day following a change in the Bank of England Bank Rate.
Employees who are already saving under existing SAYE contracts are not affected by these rate changes.
The bonus rates and early leaver rates with their effective dates for SAYE Share Option Schemes are:
| Bank of England Bank Rate | Bank of England publication date | Effective date for SAYE Share Option Schemes | 3 Year bonus rate | 5 Year bonus rate | Early leaver rate |
|---|---|---|---|---|---|
| Not applicable | Not applicable | 30 June 2022 | 0.0 | 0.0 | 0.00% |
| 5.25% | 3 August 2023 | 18 August 2023 | 1.1 | 3.2 | 1.42% |
| 5.00% | 1 August 2024 | 16 August 2024 | 1.1 | 3.0 | 1.33% |
| 4.75% | 7 November 2024 | 22 November 2024 | 0.9 | 2.7 | 1.17% |