Employers can design their own employee share schemes, but most use of favourable tax treatment available through the four HM Revenue & Customs-approved schemes: sharesave (SAYE), share incentive plan (Sip), company share option plan (Csop) and enterprise management incentive (EMI). Executive share option plans (including long term incentives – Ltips) are used for very senior employees.
The Employee Benefits Awards 2014 took place on 27 June.
Future participants in five-year schemes will receive a rate of 0.6 times monthly contributions.
IFS Proshare research: Up from 34% in 2013.
60% of shareholders voted to approve the scheme.
Three-year scheme paid out £1,447 on average to 954 staff.
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New limits come into effect from April 2014.
Tax-efficient benefits can save both employees and employers money.
BT Group has high share plan and pensions take up.
Pay and benefits were once described as ‘hygiene’ factors.