The Share Incentive Plan (SIP), which has been agreed with His Majesty's Revenue and Customs (HMRC), enables employees to purchase company shares (up to a certain value). The shares are kept in the Trust for at least 5 years to take full advantage of the tax and National Insurance (NI) savings and will not be liable for Capital Gains Tax when they are sold.
For further information on the Shared Incentive Plan (SIP) or if you have any issues with the online application, contact BNP Paribas Computershare, EquatePlus:
Download EquatePlus through Google Play or the App Store.