All Share schemes articles – Page 17
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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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ArticleBT, Asda, Saga, Sky and TalkTalk awarded for share plans
BT, Saga, Asda and TalkTalk were among the employers awarded for their employee share plans at the IFS Proshare Awards 2014 on 26 November.All winners were commended for their contribution to fostering employee share ownership.Saga won the award for best new share plan, while BT was awarded for their effective ...
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ArticlePremier Foods to launch share incentive plan
Premier Foods is to launch a share incentive plan (Sip) for its employees.Under the proposed terms of the scheme, which is aimed at increasing employee share ownership, the food manufacturer wlll award 500 free shares to all UK-based employees. Gavin Darby, chief executive officer at Premier Foods, said: “I believe ...
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ArticleEmployee gains from sharesave schemes more than double
Employee gains from sharesave schemes have more than doubled in the last year, according to research by law firm Pinsent Masons.Its research found that profits made by employees at the conclusion of the scheme, either after three or five years, have increased by 141% from £360 million up to £870 ...
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Article
Buyer's guide to share incentive plans 2014
The factsWhat are Sips and how do they work?Share incentive plans (Sips) are a tax-efficient savings vehicle for employees, who can receive up to £3,600 worth of free shares a year, free of income tax and national insurance. If the shares are kept in the plan for at least five ...
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ArticleOcado launches share incentive plan for staff
EXCLUSIVE: Ocado has launched a share incentive plan (Sip) for employees.The scheme, which was launched in July, has two elements. The first is a buy-as-you-earn scheme, which awards staff with one matching share for every seven partnership shares they purchase.Joanna Gordon-Utting, reward and benefits manager at Ocado, said: “We had ...
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ArticleValue of share options granted through EMI schemes rises
The value of share options granted through enterprise management incentive (EMI) schemes has risen by a quarter in the past year from £200 million to £250 million, according to law firm Pinsent Masons.Shares acquired since 6 April 2012 have qualified for entrepreneurs’ relief on capital gains tax, even if the ...
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ArticleBT staff to share £1.1bn sharesave payout
Nearly 23,000 BT employees will share a payout of £1.1 billion after the organisation’s five-year sharesave plan matured on 1 August.The employees, who are mostly contact centre agents and engineers, joined the scheme in 2009. Through the plan, they could save between £5 and £225 every month until July 2014.At ...
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ArticleHMRC to raise bonus rates for sharesave schemes
HM Revenue and Customs (HMRC) is to increase the bonus rates payable on five-year sharesave schemes.A new bonus rate of 0.6 times monthly contributions and an annual equivalent rate of 0.39% will be applied to these schemes from 28 July 2014.This is the first time a bonus rate will be ...
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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 ...