An approved share option scheme established by an employer for the benefit of executives or other employees. HM Customs and Revenue has detailed rules regarding the income tax and capital gains tax chargeable to individuals benefiting from such a scheme.
The ShareSave, also known as a Savings Related Share Option Scheme (SAYE), is a tax-efficient savings plan for employees. Under this scheme, employees can save money each month for a set period and then use their savings to buy shares at a fixed price that was set at the beginning of the savings contract.
