With the involvement that comes from owning shares in the company you work for comes ownership of product quality, service delivery, cost control and performance. Employee share ownership creates a real partnership between business owners and their people.
The Share Centre has a range of employee share services to support this ethic, and provides simple solutions to delivering and managing share-based incentives.
You'll find brief details of the various options below and we'll be pleased to discuss your aims and objectives with you, share our experience and explore the best route to achieving them.
With full employee communication support, complete administration and a simple fee structure, you can be sure that whichever service is right for you, you'll receive the back-up you need to achieve the results you want.
You don't need to be a quoted company to benefit from employee share schemes.
Whatever size you are now, or want to be, we'll tailor a cost-effective solution to meet your objectives. And if you need a share-trading platform to demonstrate the real value that owning shares in your business brings to your employees, without the significant investment of time and money that seeking a Stock Exchange listing entails, the Sharemark® share trading market may prove an ideal route.
There's brief details about the different options below and, to find out more about how our range of employee share services can help your business achieve its aims, email us or call 08000 28 28 12.
Share Incentive Plans
Share Incentive Plans (SIPs) were introduced by the government in order to encourage greater employee participation across business. Employees invest from gross pay, saving tax and National Insurance and, at the same time, reducing your NI costs too.
There's a range of options available under the scheme and we'll be pleased to share our expertise to help you decide which suits you best.
Under a SIP you can offer the following types of shares:
'Free' shares - shares you put into an employee's SIP for free (perhaps instead of a cash bonus or profit sharing payment)
'Partnership' shares - shares bought each month by deduction from gross pay
'Matching' shares - shares you give to employees to 'match' those they've bought. You can match on a ratio of up to 2 shares for every one bought
'Dividend' shares - shares purchased using the dividends that employees earn on their shares
You choose which combination to offer, though 'Matching' shares are only available where you also offer the 'Partnership' option too.
We'll help you decide which option, or combination of options, will best serve your aims, then work with you and your team to ensure it's a success.
Our relationship with HM Revenue & Customs and documentation templates help ensure you can deliver your scheme quickly and efficiently. Also optional marketing and employee presentation support means we can help you get the message over to your employees.
A Share Incentive Plan isn't just an employee benefit: your business benefits too. Loyalty, motivation, involvement and improved business performance can all flow from the introduction of a SIP; scheme costs are tax-deductible and you save on your NI contributions too.
share scheme maturities
For many years ShareSave and Share Option schemes have been a popular way for employees to buy shares, and they remain so today. And when you've been providing your employees with opportunities to participate in your business through these schemes, handling them efficiently at maturity is important to you and to them. We understand your desire to provide them with choices that suit a range of personal, as well as corporate, objectives. And because The Share Centre specialises in planning, implementing and administering share schemes for businesses large and small, you can be sure your scheme maturity will be handled smoothly and efficiently.
Through our employee share scheme maturity services we will:
handle all the administration - leaving you free to get on with your business
provide simple but complete guidance notes for your employees - so you get fewer enquiries and they feel fully informed
offer a full range of maturity options - from tax-efficient ISA and spouse transfers to a low-cost sale service, so you can provide as wide a range of choices as possible to suit different circumstances
provide an employee Helpline - manned by experienced personnel able to guide your employees through their decision, answer any individual questions or obtain duplicate copies of forms and information. So your employees get the support they need, without you having to devote extra resources yourselves
The full benefits of employee share ownership come into play when your employees choose to hold onto all or some of their shares - our maturity services ensure you can offer a simple, efficient way to help them do just that in the most tax efficient way.
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