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Employee Ownership and Save as You Earn

Question for Treasury

UIN HL9432, tabled on 21 October 2020

To ask Her Majesty's Government how many people have participated in (1) a Save As You Earn, and (2) a Share Incentive Plan, scheme in each of the last five years.

Answered on

3 November 2020

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 Employee Share Schemes on GOV.UK[1].

Statistics on participation in SAYE schemes and SIPs for the last four years can be found in the tables below. Figures for 2014-15 are not available due to the introduction of the Employment Related Securities service.

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 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

14-15

-

-

15-16

510,000

200,000

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

14-15

-

-

-

-

15-16

560,000

5,380,000

3,920,000

870,000

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

[1] https://www.gov.uk/government/collections/employee-share-schemes-statistics#national-statistics

Answered by

Treasury