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Employee Share Schemes: Strategies for Recruitment, Retention, and Rewards

Discover how Employee Share Schemes can enhance your business by motivating and retaining key talent. Learn about HMRC-approved plans like Enterprise Management Incentives (EMI), Share Incentive Plans (SIPs), and Company Share Option Plans (CSOPs). These options not only incentivize staff at all levels but also provide significant tax benefits for employers and employees alike. With schemes designed for various needs, from unapproved options to tax-efficient shares, find out how to effectively implement these strategies for better workforce engagement and retention while navigating regulatory requirements.

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Employee Share Schemes: Strategies for Recruitment, Retention, and Rewards

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  1. Employee Share Schemes Philip Fisher Employee Benefits Partner

  2. Recruitment and Retention • Motivate key people • Retain key people • Incentivise all staff • Tax breaks • Pay-off on float or sale • Start again

  3. HMRC Approved Schemes • Enterprise Management Incentives (EMI) • Share Incentive Plans (SIPs) • Company Share Option Plans (CSOPs) • Sharesave (SAYE)

  4. Unapproved Schemes • Share options • Direct shareholdings • Restricted shares • Partly paid shares • Phantom share options

  5. EMI Schemes • Selective • £100,000 per individual/£3m per employer • Qualifying trades/£30m Gross assets • Freedom • No tax on grant • No tax on exercise – maybe • CGT on sale • Taper relief from grant

  6. SIPs • All employee • Shares • Free shares - £3,000 • Partnership shares - £1,500 • Matching shares - £3,000 • Dividend shares - £1,500 • In trust for five years

  7. CSOPs • Selective • £30,000 per person • Minimum exercise price • 3 years minimum period • Taper from exercise

  8. Sharesave • Linked to SAYE scheme • Monthly savings • 3/5/7 years • Linked to share option

  9. Takeovers • Read the rules • Exercise? • Rollover? • Buy out options?

  10. Floats • Insider information • Closed periods • Option exercise • Stock Exchange requirements

  11. International Considerations • Mobile Staff • Differing tax regimes • Hidden pitfalls • Tax planning

  12. ABI Guidelines • Only “Guidelines” • Public companies should comply • Timing of grants • Restrictive • Length and price of options • Performance conditions • Total shares

  13. Philip Fisher Employee Share Schemes pfisher@cvdfk.com www.cvdfk.com

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