Analysis – Page 2
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AnalysisBuyer’s guide to share incentive plans
What is a share incentive plan?Share incentive plans (Sips) were created in 2000 as an employee share plan that could help staff save in a tax-efficient way. Employees can purchase shares or be awarded free shares.Sips have tax advantages. The monetary contributions come from an employee’s pre-tax salary, meaning that ...
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AnalysisHow to identify the best type of share plan for an organisation
Need to know:Employers need to choose the employee share scheme that matches their business objectives and the interest and eligibility of those they hope will sign up to it.The number of new shares that can be issued under employee share plans will have a limit, so employers should ensure the ...
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AnalysisHow to offer a share scheme internationally
Need to know:Any employer looking to roll out a share scheme internationally will need to conduct a thorough analysis and overview of the legal and tax regulations of the country it is looking to expand into.Some countries may have a more advanced savings culture than others or different economic ...
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AnalysisTop tips for engaging staff in share schemes
If you read nothing else, read this…Share scheme communications should be focused, clear and accessible.Signposts can be used to direct employees towards a range of information sources.Continuous communications can help to drive engagement with share schemes throughout the year. Employees in the UK saved £40 million more through staff share ...
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Analysis
13: Share schemes in numbers
7,000: Admiral employees will each receive £3,000 worth of free shares into the insurance provider’s share incentive plan (Sip): bit.ly/18uDCXu100%: Architectural visualisation studio organisation Hayes Davidson is now 100% owned by its employees: bit.ly/1DTjGdc17 years: Hundreds of Roadchef employees are to receive a payout after settling a 17-year dispute over ...
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AnalysisHow to boost share plan take-up
If you read nothing else, read this:Last April, the government increased sharesave and share incentive plan (Sip) savings limits from £250 to £500 per month for sharesave and from £125 to £150 for Sips.Organisations with Sips are entitled to employer national insurance contribution (NIC) savings and employers are also required ...
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AnalysisHow much do staff say they know about the share plan they participate in?
Source: The human and organisational impact of employee share ownership, by Dr David McConville, Alison Smith and John Arnold, (Sept 2012).
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AnalysisThe impact of share ownership on company productivity
If you read nothing else, read this…Research suggests that employers with significant employee ownership tend to have higher productivity.Staff productivity appears to be higher where employee ownership is part of a wider employee engagement programme. The tax status of a share scheme has little impact on employee productivity. Productivity in ...
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Analysis
What staff need to know about capital gains tax on employee share plans
If you read nothing else, read this…Many large employee share plan payouts are expected this year.Good employers will ensure staff are informed about the possible tax implications.Gains of more than £11,000 can be mitigated in three key ways: transfer to a spouse, to an individual savings account or to a ...
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AnalysisWhat the new share scheme savings limits mean for employers
If you read nothing else, read this…Investment limits for sharesave schemes and share incentive plans will increase on 6 April 2014.To implement the new limits, employers should check if their scheme’s rules need changing.If an employer’s scheme’s rules are not linked to any change in legislation, it will need to ...
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AnalysisWhy share schemes remain a valuable employee benefit
IF YOU READ NOTHING ELSE, READ THIS…Hundreds of thousands of employees continue to save through share plans despite the economic downturn.YouTube videos are a new way for employers to engage employees with their share plans.Employers need to help employees to think like shareholders.The possible windfall awaiting savers on maturity of ...
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Analysis
Is mobile technology suitable for share schemes?
IF YOU READ NOTHING ELSE, READ THIS…Employers are moving away from paper-based share plan applications.Share plan communications technology should be tailored to each employer.Mobile applications are gaining popularity.Perhaps the most tech-savvy tool to use is mobile technology, which enables staff to sign up to share schemes using SMS text messaging ...
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AnalysisApproved share schemes to be simplified
IF YOU READ NOTHING ELSE, READ THIS…HM Revenue and Customs is to introduce a number of proposals for approved share schemes with immediate effect.The Finance Bill 2013 includes legislation to simplify share schemes, including retirement and ‘good leaver’ rules.Self-certification for share schemes will be introduced in 2014.The four HM Revenue ...
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AnalysisAlternative savings vehicles are appealing to staff
IF YOU READ NOTHING ELSE, READ THIS…Corporate Isas are a more attractive savings option than pensions for younger employees.Sharesave schemes offer a ‘no-lose’ option for employees to make sure of a savings windfall in a few years’ time.Alternative savings schemes can be co-ordinated by placing them on a corporate platform.Ask ...
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Analysis
Sharesave versus share incentive plans
If you read nothing else, read this …Sharesave and share incentive plans (Sips) offer income tax and NI exemptions, subject to certain terms.Sharesave schemes are savings vehicles to which employees can contribute between £5 and £250 a month out of net pay, with which they can buy shares after three, ...
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