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.
Now 100% owned by its employees.
Staff could receive pay-out worth millions.
This group was ineligible for bonus plans.
Two schemes matured on 2 February.
EXCLUSIVE: Take up has increased from 55% to 74%.
There are a number of steps employers can take.
Increasing reliance on benefits consultants is a driving force.
From 6 April, taxation on share option gains will change.