All Share incentive plans articles – Page 17
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Article
Tesco awarded for employee share schemes
Tesco won the award for Best employee share schemes at the Employee Benefits Awards 2014.Read why the organisation was judged to be the best in this category.The Employee Benefits Awards 2014 were held on 27 June 2014 at the Artillery Garden at the HAC London.
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ArticleOcado staff receive sharesave payout of £7,900
EXCLUSIVE: Ocado employees have received average payouts of £7,900 after its first three-year sharesave scheme matured.The sharesave scheme, provided by Capita Employee Benefits, matured on 1 December 2013.The six-month maturity period, during which time members decide how to exercise their options, came to a close in June.Joanna Gordon-Utting, reward and ...
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Article51% of eligible staff take part in sharesave schemes
More than half (51%) of eligible employees are now taking part in a sharesave scheme via their employer, up from 34% in 2013, according to research by industry body IFS Proshare,The annual IFS Proshare Sip and SAYE survey found that total monthly employee contributions to sharesave schemes rose by £28 ...
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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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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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Case Studies
The benefits offered by Sky
PensionTrust-based defined contribution scheme.Double-matched employer contributions to a maximum of 8%.About 4,000 employees were auto-enrolled on 1 April 2013.HealthcareA healthcare trust, available to all staff.Physiotherapy, which is in addition to the trust’s out-patient limit.On-site physiotherapy at some locations.An employee assistance programme.Health screening.Group riskGroup income protection (GIP) linked to the pension ...
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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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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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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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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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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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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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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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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
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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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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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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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 ...