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SAYE share option schemes: bonus rates reduced

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HMRC has announced a further change to the rates of bonuses payable on SAYE share option schemes.

Five-year contracts attract a zero rate with effect from 23 September. The rates for three-year contracts were reduced to zero with effect from 12 August.

A table on the HMRC website sets out the rates that have applied since 1980. Once a savings contract has been entered into, it is not affected by a subsequent change in the rate.