Share Incentive Plan

Share Incentive Plan (SIP) was first introduced in Great Britain in 2000. SIP’s are usually an HMRC accredited, tax efficient employee plan, which provides companies with the flexibility to tailor the plan to meet their particular business needs. SIPs have gotten increasingly popular with companies that are looking for to engage their particular workforce and get and retain key employees. There are 4 main elements to the Share Incentive Plan: Free Shares, Partnership Shares, Matching Shares and Dividend Shares.