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save as you earn

   Also found in: Acronyms 0.02 sec.
save as you earn
n
(Economics, Accounting & Finance / Banking & Finance) (in Britain) a savings scheme operated by the government, in which monthly contributions earn tax-free interest Abbreviation SAYE


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Only 520,000 workers were members of Save As You Earn (SAYE) schemes during 2007/08, the latest year for which figures are available, down from a peak of 1.
Only 520,000 workers were members of Save As You Earn (SAYE) schemes during 2007/08, the latest year for which figures are available, down from a peak of 1.
About 8,000 workers who saved a maximum pounds 50 a month each during the past five years will get pay-outs of pounds 5,638 under the company's Save As You Earn schemes.
 
 
 
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