Guidance

Save As You Earn (SAYE) bonus rates automatic mechanism

SAYE bonus rates and early leavers rates are calculated in line with the new Bank of England Bank Rate.

• From: HM Revenue & Customs
• Published: 30 October 2014
• Last updated: 18 August 2023 — See all updates

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Save As You Earn (SAYE) bonus rates automatic mechanism

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Details

The new SAYE mechanism and prospectus came into effect from 18 August 2023.

Published 30 October 2014
Last updated 18 August 2023 + show all updates

1. 18 August 2023

   The new SAYE bonus rate mechanism came into effect from 18 August 2023.

2. 26 May 2023

   The Save As You Earn (SAYE) bonus rates automatic mechanism has been updated and comes into effect from 18 August 2023.

3. 16 June 2022

   HMRC are undertaking a review to consider options to simplify the SAYE Bonus Rate Mechanism. The bonus and interest rates are being held at 0% with effect from 30 June 2022 while this review is being undertaken.

4. 30 October 2014

   First published.