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Contents

Official guidance
Employee Tax Advantaged Share Scheme User Manual

ETASSUM31000 · Schedule 3 SAYE Option Scheme: General requirements

  • ETASSUM31010 · Introduction
  • ETASSUM31020 · Cash features
  • ETASSUM31030 · Advance payments of exercise price
  • ETASSUM31040 · Parallel options
  • ETASSUM31050 · All-employee nature of scheme
  • ETASSUM31060 · No discouraging features
  • ETASSUM31070 · Participation on similar terms
  • ETASSUM31080 · Scaling down
  • ETASSUM31090 · No preferential treatment for directors or senior employees
  1. Schedule 3 SAYE Option Scheme: General requirements: Contents
  2. Schedule 3 SAYE Option Scheme: General requirements: Introduction

ETASSUM31010 | Schedule 3 SAYE Option Scheme: General requirements: Introduction

From HM Revenue & Customs · Employee Tax Advantaged Share Scheme User Manual

The scheme must meet the purpose of providing benefits in the form of share options to employees and directors. The scheme must not provide benefits to employees or directors other than in accordance with Schedule 3 ITEPA, for example it must not provide cash to employees as an alternative to share options or shares that might otherwise be acquired by the exercise of share options.

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