The Chancellor’s Autumn Statement 2013, released on 5 December, announced considerable contribution changes to Share Incentive Plans (SIP) and Save As You Earn (SAYE) employee share plans. This is the biggest change in share plans since the introduction of both SIP and SAYE.
This increase to contribution limits will make SIP and SAYE plans an even more attractive offering for employees. These developments will come into effect from April 2014, with further details being released over the next couple of weeks.
If you are an existing share plans client, your Relationship Manager will be in touch with you once further details have been received to discuss the changes and how they can be implemented to your Plan.
If you have any questions in the interim or wish to discuss a new SIP or SAYE share plan, please contact your Relationship Manager or dedicated Capita contact.
Find out more about our Share plan services
Date: 12 Dec 2013