Employee Ownership and Save as You Earn
(asked on 20th October 2020) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many people participated in (a) Save As You Earn (SAYE) schemes, (b) Share Investment Plans (SIPs) and (c) SAYE schemes and SIPs in the last three years for which data are available.
The Save As You Earn (SAYE) scheme and Share Incentive Plans (SIPs) are tax-advantaged employee share schemes offered by the Government.
HMRC publishes annual statistics on participation in Employee Share Schemes which are available here: https://www.gov.uk/government/collections/employee-share-schemes-statistics#national-statistics
Data from these statistics on participation in SAYE schemes and SIPs for the last three years for which data is available can be found in the tables below. HMRC collects data at the points at which employees enter or leave Employee Share Schemes which is reflected in the tables below. However, HMRC does not hold data on the number of people who hold options or shares within an Employee Share Scheme each year.
For SAYE, data is provided on the number of employees who are granted and exercised options for each of the three years.
For SIPs, data is provided on the number of employees who are awarded or purchase the four different types of shares available. Some employees may receive more than one type of share in a given year.
Table 1 - SAYE
SAYE | Employees granted share options | Employees exercising share options |
16-17 | 400,000 | 140,000 |
17-18 | 340,000 | 120,000 |
18-19 | 310,000 | 110,000 |
Table 2 - SIP
SIP – employees awarded / purchased | Free shares | Partnership shares | Matching shares | Dividend shares |
16-17 | 140,000 | 4,160,000 | 2,990,000 | 760,000 |
17-18 | 140,000 | 2,890,000 | 2,010,000 | 530,000 |
18-19 | 110,000 | 2,840,000 | 2,050,000 | 500,000 |