The Share Incentive Plan (SIP) is an HMRC tax-advantaged
all-employee Share Plan that allows qualifying UK employees
to be granted Free shares, and also allows them the
opportunity to buy company shares (known as Partnership
Shares) up to a certain limit (being £1,800 each tax year,
or 10% of your income for the tax year, whichever is lower),
in both cases free of Income Tax and NICs.
No, once you have applied you will automatically receive
Free shares each year, subject to continuous employment,
eligibility and the Company deciding to operate the Free
Shares Plan in the future.
Shareable earnings have been calculated based on a fixed
percentage of your eligible earnings in the previous tax
year. Separate arrangements have been made for Ego.
No. You cannot apply after the deadline. You must have
submitted your application by 5pm on 24 June 2024 or you
will not be able to participate and will need to wait for
the next invitation.
Find your current and historical holdings by logging into
the Equiniti Limited (Equiniti)
Employee Share Plans Portal
(ESP Portal) as well as view any other Share Plans and
Ordinary Shares you may own.
Free shares must normally be held in the plan for at least 3
years. Shares held between 3 and 5 years can be sold, but
there will be tax and NIC to pay. Free shares can be sold
tax-free after 5 years.
Yes, if a dividend is paid you'll receive cash dividends
directly to your salary bank account.
We have provided a
scheme comparison to help you
decide which scheme is best for you