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.
Payout across eligible staff around £78 million.
Part of profit share scheme for 84,000 staff
Now 25% owned by staff.
Now 100% owned by its employees.
Gabbi Stopps succeeds Alan Scott.
From 6 April, taxation on share option gains will change.