EIM05150 - Employment income: Save As You Earn (SAYE): employer's contributions
Section 62 ITEPA 2003
An employer鈥檚 contribution to a Save As You Earn scheme on behalf of an employee is part of the employee鈥檚 taxable earnings (see EIM00520 onwards). Schemes are run by the National Savings Bank, the Trustee Savings Bank and building societies.
The same applies to an employer鈥檚 contribution to the monthly payments under an employee鈥檚 SAYE contract.