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Written question asked by Lord Flight (Conservative) on Wednesday, 28 October 2020, in the House of Lords. It was due for an answer on Wednesday, 11 November 2020. It was answered by Lord Agnew of Oulton (Conservative) on Thursday, 12 November 2020 on behalf of the Treasury.


Save as You Earn

Question

To ask Her Majesty's Government what estimate they have made of the total value forfeited in share growth as a result of participants in Save As You Earn schemes exiting as bad leavers in each of the last five years.

Answer

The Save As You Earn (SAYE) scheme is a tax-advantaged employee share scheme offered by the Government.

A “bad leaver” from a SAYE scheme is a participant that does not meet the good leaver provisions as defined in the legislation at paragraph 34 of Schedule 3 to the Income Tax (Earnings and Pensions) Act 2003.

HMRC collects data at the points at which employees enter or leave SAYE schemes but this does not directly include data on “bad leavers”.


Secondary information

Type
Written question
Reference
HL9722
Session
2019-21
Grouped for answer
Yes
Subjects
Save as you earn
Contains statistics
Yes
Link
View this Written question on www.parliament.uk