News – Page 13
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Article1,000 Interserve staff receive sharesave payout
Nearly 1,000 UK-based Interserve employees will see an average profit increase of £1,447 after the organisation’s three-year sharesave scheme matured on 1 July.This profit results from a rise in the option share price from 231p when the scheme launched to around 610.7p, as at 1 July 2014.The support services and ...
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Article£2.85bn awarded to staff via share plans in 2012/13
The total value of shares and options awarded through employee share plans in 2012/13 was £2.85 billion, according to figures by HM Revenue and Customs (HMRC).Its Employee share schemes statistics for 2012-13 report, which covers the 2012/13 tax year, found that this was 7% higher than in 2011/12 across the ...
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ArticleHMRC publishes templates for share scheme returns
HM Revenue and Customs (HMRC) has published templates for organisations to use in order to comply with their online filing responsibilities for employee share plan returns.All employers need to submit their first annual share plan return for 2014/15 online through HMRC’s pay-as-you-earn (PAYE) online service by 6 July 2015.The templates ...
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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 ...