Save As You Earn (SAYE) is a scheme offered in the United Kingdom that allows employees of participating companies to save money on a regular basis in order to purchase shares in their employer at a discounted price. The scheme is also known as a Share Incentive Plan (SIP).

Under a SAYE scheme, employees can save money on a regular basis, usually by making monthly contributions from their salary, into a special account. After a certain period of time, usually, between three and five years, employees can use the money they have saved to buy shares in their employer at a discounted price. The discount is typically between 20% and 50% of the market value of the shares.

SAYE schemes are considered to be a form of employee share scheme and are beneficial for employees as they provide a way to buy shares in the company they work for at a discounted price. Additionally, the money saved in the SAYE account is free from income tax, capital gains tax and national insurance contribution. If you are an employee of a company that offers a SAYE scheme, you should speak to your employer for more information on how to join the scheme and how it works.