All Share schemes articles – Page 15
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OpinionLynette Jacobs: Employers need to determine their objectives in extending a share plan internationally
Extending a share plan internationally is no longer an exception and the considerations for a small organisation extending participation into three jurisdictions and a multinational group operating a plan in 80 countries will be the same.The employer should first determine its objectives in extending the plan overseas, typically to strengthen ...
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Case StudiesEvraz offers share plan to Russian employees
Steel, mining and vanadium business Evraz offers employee share plans to its 105,000 employees in Russia, Ukraine, the US, Canada, the Czech Republic, Italy, South Africa and Kazakhstan.In Russia, the organisation has offered a long-term incentive plan (L-tip), administered by Computershare, since 2012. Employees are able to access details of ...
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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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Article
6: Tax and legislation: How will the Autumn Statement affect workplace benefits?
Chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review on 25 November, which included announcements that will impact the future of employee benefits.PensionsThe next two phases of minimum pension contribution rate increases under auto-enrolment are to be pushed back to coincide with the tax year. The minimum contribution ...
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ArticleBT, Asda and Holiday Extras awarded for employee share plans
Asda, BT and Holiday Extras are among the organisations recognised for their employee share plans at the 2015 IFS Proshare Awards.The awards recognise outstanding and innovative workplace share schemes that have bolstered employee participation in the past year.Asda was recognised for its effective use of technology, while BT was awarded ...
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ArticleThe Autumn Statement’s impact on employee benefits
On 25 November, chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review. Below is a summary of all the key announcements impacting employee benefits:Osborne announced that the next two phases of minimum pension contribution rate increases under auto-enrolment will be pushed back to coincide with the tax year.The ...
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ArticleShare scheme tax rules to be simplified
Autumn Statement 2015: The Finance Bill 2016 will introduce measures to simplify the tax rules for employee share schemes.These technical changes will streamline and simplify aspects of the tax rules for tax-advantaged and non-tax-advantaged employee share schemes. The move is aimed at providing more consistency, including putting beyond doubt the ...
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ArticleAsda increases share plan take up by 45%
The number of employees taking part in Asda’s share plan has increased by 45% over the last five years.There were 26,212 members of staff enrolled in the share plan in 2010, which had increased to 38,100 at the end of August 2015.The employer boosted take-up in the scheme, which is ...
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ArticleOrchard Media and Events Group launches share scheme for staff
Orchard Media and Events Group has a launched a share scheme to offer its 40 members of staff a stake in the business.The organisation worked alongside accountancy firms Macey Owen and Broomfield and Alexander, as well as Capital Law, to introduce an enterprise management incentives (EMI) scheme.Matt Wordley, chief operating ...
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Article
Telefonica and Royal Dutch Shell awarded for employee share ownership
Amadeus IT Holdings, Royal Dutch Shell and Telefonica were among the winners at the 2015 Employee Share Ownership (Esop) Centre awards for best employee share ownership plans.The awards recognise outstanding employee approaches to employee share ownership, including communication, staff engagement, and implementation of share ownership schemes, as well as workplace ...
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Article
Share schemes
The latest analysis, news, case studies and opinion in relation to share schemes, covering areas such as sharesave schemes and share incentive plans (SIPs).
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ArticleHome Retail Group boosts share scheme uptake
EXCLUSIVE: Home Retail Group, which owns retailers Argos (pictured), Habitat and Homebase, has boosted engagement with its employee sharesave scheme by increasing its communications around the benefit.After receiving feedback from its employees, gathered through feedback questionnaires at the point at which staff are invited to join the scheme, Home Retail ...
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Article
59: Buyer's guide to share incentive plans
The facts What are Sips and how do they work?Share incentive plans (Sips) are a tax-efficient savings vehicle for employees. They are entitled to £3,600 worth of free shares a year, free from income tax and national insurance. The shares retain their tax-free status as long as they remain in ...
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Opinion
58 - YBS industry insight: What impact have recent changes had on the share plan market?
Over the last two years we have seen some interesting changes in the share plan market.We are now starting to see the impact of these changes, from trend analysis of 2015 share plan data and discussions with market advocates.For example, the increase in the sharesave maximum savings limits introduced by ...
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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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ArticleTribunal rules on valuation of restricted shares
The First-Tier Tribunal has ruled that restrictions should be taken into account when shares issued to employees are valued for tax purposes.In the case of Sjumarken v HM Revenue and Customs [HMRC], Lars Sjumarken was employed by BNP Paribas as an investment banker, in charge of BNP’s EU investment banking ...
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ArticleBT staff to receive £265m through share schemes
Some 23,000 BT employees are to receive £265 million between them through the organisation’s share scheme payout.Two of the communication firm’s sharesave plans have matured, a five-year plan that opened in 2010 and a three-year plan that commenced in 2012.Almost 13,000 employees joined each of the schemes and around 2,500 ...
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ArticlePrice Bailey awards staff free shares
Accountancy firm Price Bailey is to award its 300 employees with 2,500 shares each in the organisation. All employees that have worked at Price Bailey for more than a year will be eligible for the scheme, irrespective of their grade. They will receive shares valued at around £250.The value of ...
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ArticlePostcode Anywhere becomes employee owned
EXCLUSIVE: Postcode Anywhere has launched an employee ownership trust.The Worcester-based software business is now 100% owned by its employees following its two founders, Jamie Turner and Guy Mucklow (both pictured) implementing an enterprise management incentive scheme (EMI) to give all Postcode Anywhere employees the opportunity to own a share of ...
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ArticleAgilisys launches employee ownership trust
IT and business services firm Agilisys has launched an employee ownership trust. Through the trust, Agilisys’ 1,800 staff now own a majority shareholding (50%) in the firm.The move forms part of Agilisys’ plans to evolve the business.Employees in an employee-ownership trust organisation can receive income tax free bonuses of up ...