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Glossary   >   S   >   "Save as you earn" Definition            Save as you earn A former government scheme which allowed tax concessions to people making regular savings from their salaries into certain building society, bank and National Savings accounts. Maximum savings per month were Ј20 and tax free bonuses paid after five and seven years. SAYE was abolished after the November 1994 Budget. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Save as you earn - A former government scheme which allowed tax concessions to people making regular savings from their salaries into certain building society, bank and National Savings accounts. Maximum savings per month were Ј20 and tax free bonuses paid after five and seven years. SAYE was abolished after the November 1994 Budget.