»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýapp scheme must not permit a person’s aggregate monthly savings contributions under any savings contract linked to a Schedule 3 SAYE option scheme, to exceed the relevant statutory maximum limit (paragraph 25(3)(a)). »Ê¹ÚÌåÓýapp statutory maximum limit is £500 per month, increased from £250 per month from 6 April 2014.

»Ê¹ÚÌåÓýapp scheme may set a lower maximum than the statutory limit if the company wishes.

»Ê¹ÚÌåÓýapp SAYE Prospectus also seeks to administer a similar maximum limit by requiring employees applying to enter into a savings contract to declare that by doing so they will not exceed the relevant monthly limits. Further information about the declaration required by the SAYE Prospectus is at ETASSUM34150.

»Ê¹ÚÌåÓýapp scheme may impose a minimum monthly savings limit for savings contracts entered into by option-holders. If it does so it must not be more than £10 per month (paragraph 25(3)(b)).

»Ê¹ÚÌåÓýapp SAYE Prospectus also imposes a minimum monthly contribution under a savings contract. This is currently £5 per month.