Question to the HM Treasury:

To ask His Majesty's Government what plans they have to reform 'save as you earn' and 'share incentive' plans.

The Government fully understands the importance of enabling employees to share in the fruits of a company’s success, and for businesses to reward and retain employees effectively. The UK share schemes are popular, generous and world leading.

A call for evidence on Save As You Earn (SAYE) and the Share Incentive Plan (SIP) ran from June to August 2023. It sought views on whether the schemes are meeting their policy objectives and opportunities to improve and simplify them.

The Government is considering the responses to the call for evidence, and is grateful to those who took the time to respond.