All Employee ownership articles – Page 18
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Article
Next chief to share £4m bonus with staff
Next chief executive Simon Wolfson is to share a nearly £4 million bonus with the organisation’s staff in May.Around 19,400 staff, who have been employed by the clothing and household furnishings retailer for at least three years, will receive an average of 1.5% of their salary.The bonus has been awarded ...
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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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ArticleQuarter of companies offered free shares to staff around IPO
Only 26% of companies that have launched an initial public offering (IPO) in the past four years operated share plans that allowed for awards of free shares to all employees, according to research by Deloitte.Its research analysed the listing documents and remuneration reports of companies that joined the London Stock ...
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Article
1,500 BSkyB staff receive sharesave payout
EXCLUSIVE: Around 1,500 BSkyB employees will share a payout after the organisation’s three and five-year sharesave scheme matured in January 2014.The sharesave schemes reached maturity in January, when BSkyB’s share price stood at 888.75p.This marks a substantial gain for members of the schemes, which were launched in 2008 and 2010 ...
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ArticleShare plan savers benefit from Isa limit increase
The annual individual savings account (Isa) allowance will be increased to £15,000 from 1 July 2014, according to Chancellor George Osborne in today’s Budget speech.This will allow staff transferring exercised shares into an Isa from a maturing employee share plan (such as sharesave) to protect more of their gains over ...
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Article
BT staff to receive sharesave payout
Around 24,000 BT employees are to receive an average payout of £46,000 when a five-year sharesave scheme matures in summer of 2014.The telecommunications organisation’s 2013 Annual report showed that around 60% of employees are members of the sharesave scheme.Over the next two years, around 34,500 employees could receive shares worth ...
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ArticleLimit changes put share schemes in the spotlight
In 2008, international markets, including the London Stock Exchange, suffered their biggest falls since 11 September 2001.When BSkyB launched its five-year sharesave scheme in 2008, the option price was £3.72. When the scheme matured in January 2014, the share price stood at 888.75p. About 1,500 employees are set to receive ...
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ArticleEmployers to increase share plan savings limits
EXCLUSIVE: More than half (54%) of employer respondents that provide sharesave schemes intend to increase the monthly savings limits when new legislation comes into force from 6 April, according to research by Equiniti.Its research, which surveyed 40 employers that provide a sharesave plan and 26 that provide a share incentive ...
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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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Article
Angie Risley: Will the increase in share plan limits boost scheme numbers?
At Sainsbury’s, we know that a major part of the success of the business is down to the 157,000 employees working in our stores, depots and offices.We believe in giving our employees and their families the opportunity to own a real stake in our business, so their interests are genuinely ...
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ArticleWhitbread staff share £6m in sharesave payout
More than 1,000 Whitbread employees are to share £6 million following the maturity of the organisation’s three-year and five-year sharesave schemes on 3 February.The employees, who work for brands including Beefeater, Brewers Fayre, Costa Coffee and Premier Inn, saved between £10 and £250 a month into the schemes.The option price ...
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ArticleHMRC to change share plan administration process
HM Revenue and Customs (HMRC) is to change the way both new and existing employee share schemes are administered.In its Finance Bill 2014 new guidance notes, published on 7 February, HMRC detailed its new self-certification and online filing process, which follows recommendations made by the Office of Tax Simplification in ...
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Article
Merlin launches global sharesave scheme
EXCLUSIVE: Merlin Entertainments has launched an international sharesave scheme for 9,500 eligible employees.The scheme, which was launched on 13 January and closed on 3 February, was open to staff in 22 countries, including the US, Japan, Germany, Italy and New Zealand.The visitor attraction operator, which owns Alton Towers, the London ...
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ArticleJeremy Mindell: Will the increase in share scheme limits boost scheme numbers?
While most governments in Europe have been cutting back on tax-advantaged schemes, the UK’s increase in tax-free limits is a pleasant contrast.Given that all three major political parties favour wider share ownership, the tax relief is unlikely to be reversed in the foreseeable future. This should give organisations confidence to ...
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Article
John Collison: Will the increase in share scheme limits boost scheme members?
IFS Proshare was delighted to learn that Chancellor George Osborne is to increase investment limits on sharesave plans to £500 a month and on share incentive plans (Sips) to £1,800 a month.Although no one can say for certain whether increasing the limits will immediately result in more organisations launching employee ...
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Article27% of benefits professionals are share scheme members
The Employee Benefits Salary survey 2014 , which questioned 361 people who are responsible for managing benefits and reward in UK organisations, found that the most common type of share scheme is an all-employee sharesave plan (46%), followed by a long-term incentive plan (29%).Just under a quarter (22%) of respondents ...
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Article
Share scheme limit rise divides opinion
The limits on sharesave schemes will double from £250 to £500 a month, while the maximum value of shares an employee can acquire with tax advantages through share incentive plans (Sips) will increase by £300 a year, to £1,800 for partnership shares and £3,600 for free shares.Phil Hall, specialist adviser ...
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Article
21,000 Sainsbury’s staff participate in sharesave plans
More than 21,000 Sainsbury’s employees took part in its three or five-year sharesave plans in 2013, up from the 18,000 staff who participated in 2012.The figures were published in the grocery retailer’s Third quarter corporate responsibility and society update on 8 January.Sainsbury’s has provided sharesave schemes for staff since 1981.Angie ...
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Article
Easyjet switches share plan administrators
Easyjet has changed providers for the administration of its employee share plans.The airline awarded the contract to Equiniti following a tender process.Equiniti has provided the airline’s share plan registration since 2000. But under the new contract, it will also be the sole provider for Easyjet’s share plan administration for five ...
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Article
B&Q staff to share £15m share plan payout
More than 14,000 B&Q and Screwfix employees are to share a £15 million payout following the maturity of parent company Kingfisher Group’s three-year and five-year sharesave schemes.Based on the closing share price of 375.9p on 29 November 2013, this equates to an average gain of £6,867 per person.The majority of ...