The Treasury is reviewing save-as-you-earn (SAYE) and share incentive plan (SIP) employee share schemes.
In a call for evidence, it invites views on:
- the effectiveness and suitability of the schemes and whether they are fulfilling their policy objectives;
- current usage and participation and whether there are barriers to participating in the schemes;
- whether the schemes’ rules are simple and clear as well as whether they offer enough flexibility to meet individual firms’ needs;
- whether the schemes suitably incentivise share ownership for lower income earners; and
- what other performance incentives businesses offer their employees and how these compare with SAYE and SIP.
Responses are invited by 25 August 2023.
