PART 1: DATES, DEFINITIONS AND OBLIGATIONS
Sharesave Scheme Interest Rates
Bonus Rate x monthly payments
Annual Equivalent Rate %
Early Leaver
Date from COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS 3 yrs 5 yrs 7 yrs 3 yrs 5 yrs 7 yrs % 01/10/1998 2.75 7.5 13.5 4.83 4.65 4.52 01/10/2001 2.0 6.2 11.9 3.67 3.99 4.07 01/09/2002 1.8 5.7 11.0 3.18 3.57 3.69 27/04/2003 1.0 3.7 7.6 1.74 2.34 2.44 1.00 01/09/2003 0.9 3.4 7.1 1.61 2.17 2.48 2.00 01/09/2005 1.4 4.4 8.4 2.49 2.79 2.91 1.50 01/09/2006 1.8 5.5 10.3 3.19 3.46 3.52 2.00 01/09/2007 2.4 7.2 12.7 4.23 4.48 4.46 3.00 27/12/2008 1.5 4.8 9.3 2.67 3.04 3.20 2.00 17/02/2009 0.6 2.6 5.6 1.08 1.67 1.98 0.50 29/05/2009 0.6 2.2 5.2 0.54 1.42 1.84 0.36 12/09/2010 0.0 0.9 3.2 0.0 0.59 1.15 0.00 0.1 1.7 4.8 0.18 1.10 1.70 0.12 27/02/2011
12/08/2011
0.00 0.00 1.60 0.00 0.00 0.58 0.00
23/09/2011
0.00 0.90 3.50 0.00 0.59 0.25 0.00
No printing, copying or reproduction permitted.
01/08/2012
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Up to £20,000 of shares obtained using either a SIP or SAYE may be transferred into a Stocks and Shares ISA, depending on circumstances and various restrictions and requirements laid down by HMRC.
SMALL BUSINESS A ‘small employer’ as far as HMRC is concerned is one whose total net PAYE is not more than the threshold of £1,500 a month, on average, throughout the tax year, which includes: • PAYE Income Tax, plus • deductions on account from payments to sub-contractors in CIS plus • primary and secondary Class 1 NICs, plus • Student loan deductions, plus • Apprenticeship levy*,
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