Question to the HM Treasury:

To ask Her Majesty's Government what estimate they have made of the total value forfeited in share growth as a result of participants in Save As You Earn schemes exiting as bad leavers in each of the last five years.

The Save As You Earn (SAYE) scheme is a tax-advantaged employee share scheme offered by the Government.

A “bad leaver” from a SAYE scheme is a participant that does not meet the good leaver provisions as defined in the legislation at paragraph 34 of Schedule 3 to the Income Tax (Earnings and Pensions) Act 2003.

HMRC collects data at the points at which employees enter or leave SAYE schemes but this does not directly include data on “bad leavers”.