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Latest News

Employee share schemes widely supported

by Personnel Today 18 Feb 2002
by Personnel Today 18 Feb 2002

UK
companies are backing the employee share schemes introduced as part of the
Chancellor’s ‘Enterprise Economy’ in the 2000 Budget.

The
scheme allows both employees and employers tax breaks if they establish share
schemes where workers can purchase specially priced company shares.

The
first survey into take-up of the all-employee share plan revealed widespread
support among the FSTE 350 companies.

The
survey, carried out by Abbey National, Capita Share Plan Services and
employment lawyers Eversheds, found 89 per cent of FSTE 350 companies surveyed
use the Sharesave scheme and 71 per cent of companies had adopted, or intended
to adopt, the newer Share Incentive Plan (SIP).

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Justin
Cooper, head of share plans at Capital Share Plan Services, said he believes the
SIP plan will "become a major feature of the overall remuneration package
offered to employees by quoted companies".

By Quentin Reade

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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