Commentary

E1.531 Interest certified under SAYE arrangements

Personal and employment tax

E1.531 Interest certified under SAYE arrangements

SAYE interest

E1.531 Interest certified under SAYE arrangements

Interest arising under certain contractual savings schemes, generally referred to as SAYE schemes, is exempt1. A SAYE option scheme is a Schedule 3 SAYE option scheme as defined in ITEPA 2003, Sch 3 (see E4.570)2.

No liability to income tax arises in respect of interest payable under a certified SAYE savings arrangement3. A certified SAYE savings arrangement is a linked savings arrangement (see E1.532) certified under ITTOIA 2005, s 705 (see E1.533)4.

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