Employees can be awarded shares in a tax and NIC-efficient fashion through a Share Incentive Plan (SIP). SIPs are ‘all-employee’ in nature, so that employees generally must be eligible to participate. In this key respect therefore, SIPs are to be distinguished from the ‘discretionary’ EMI and CSOP schemes. Because of the ‘all-employee’ nature of SIPs, and the relative expense of setting up and running a scheme, they tend to be more suited for use by larger, including publicly-quoted, companies.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.