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What is a Share Incentive Plan (SIP) and How Can You Simplify its Administration? 

Hand holding a gold pen, pointing at a stock market chart displaying red and white candlesticks and blue lines.

Share Incentive Plans (SIPs) are one of the most tax-efficient ways for UK employers to reward employees. Approved by HMRC, they let employees acquire shares free of income tax and National Insurance, with tax advantages depending on how long shares are held. But SIP administration is more complex than many companies anticipate. Getting it wrong […]