Definition of save as you earn in English:

save as you earn

(also SAYE)

noun

  • (in the UK) a method of saving money that carries certain tax privileges.

    [as modifier] ‘SAYE accounts’
    • ‘At the moment I put aside £250 into a save-as-you-earn scheme.’
    • ‘Some employees have share options in their company and save-as-you-earn schemes that enable them to buy shares in their company at preferential rates - resulting in dependence on one company's shares when it comes to saving.’
    • ‘Then, $1,000 per month gets transferred to a save-as-you-earn account, which I can't touch for 2 years.’
    • ‘When we launched our save-as-you-earn scheme two years ago, people were aware of these schemes.’