SAYE share option plans (commonly called “Sharesave” plans) are UK tax-advantaged plans available to listed companies and to independent private companies (ie, those not under the control of another company).
SAYE share option plans (commonly called “Sharesave” plans) are UK tax-advantaged plans available to listed companies and to independent private companies (ie, those not under the control of another company).
All qualifying employees and directors must be permitted to take part in a Sharesave plan on similar terms, though no employee is obliged to participate.
Under the plan the employer grants an option to the employee to buy shares in the company in three or five years’ time, with an exercise price equal to the market value at the date of grant, or, if the employer wishes, at a discount of up to 20% of that price.
The employee opens a special savings account with a bank or building society. Deductions are then made each week or month from the employee’s earnings (after tax) through the payroll and paid into that account. The employee can save up to £500 per month in this way.
At the end of the savings period the employee can choose either to apply the accumulated funds, together with any interest or bonus added by the bank, in paying the exercise price of the option and receiving shares, or to take the savings in cash.
Wherever there is a shared belief in the growth potential of the company the right of an option holder to realise the value of that growth, at relatively low tax rates, can be a powerful incentive. This is particularly so in the case of a private company where a sale or flotation of the company may be considered once that growth is achieved.
This is a brief summary and should not be relied on alone.
Web enabled, 24/7 access to all plan information for company stakeholders
Information updated in real-time
Ability to view and filter all participants
Access to suite of pre arranged, Business Intelligence reporting
Complete management oversight and control for company
Ability to create and schedule your own reporting
"Fiduchi's Online Share Plan Administration portal, has saved time, money and paper, and [it] allows us to become more efficient in the managing of our employees share awards. It's really fantastic what an impact this platform has made."
Micheal S
Head of People - Tech startup company.
Onboarding of your data to our online platform is easy regardless if you choose a fully-managed or self-service in-house solution. By making the switch to our platform, you can upgrade from having to manage your share plan data on complicated spreadsheets. Plus to make the process as simple as possible, our experts will guide you every step of the way and we also provide helpful guides.
For businesses who opt for our fully managed solution, our platform is able to deal with each business's unique requirements. When it comes to dealing with exact legal and regulatory issues, our platform will be able to automatically determine the actions required for each award or vesting, specific to the country in which the company operates. Therefore minimising the risks and allowing full compliance from a legal and regulatory position.
Our platform uses the highest standards to protect the valuable data and assets we hold on behalf of our clients. We have a team of in-house cyber security and IT professionals to protect our system and carry out security audits, due diligence, penetration testing and to oversee potential threats. We are fully regulated, accredited and certified by a range of statutory and non-statutory bodies including the US Department of Commerce’s Privacy Shield.
Our platform can be branded to match your company's own brand, therefore becoming a professional extension of your employee benefits. You can set role-based access and let your employees and shareholders log into their own online branded share platform anytime, anywhere and see exactly what shares they have and how much they are worth. They can also easily accept grants, exercise options, calculate potential payouts and more.
Our experienced Private Wealth and Family Office teams are here to answer any questions you may have. With a wealth of knowledge and expertise, they will be able to advise you on right solutions to meet your needs. You can rest assured that core to the Fiduchi principles are how your interests should best be met.
Our experienced Corporate team are here to answer any questions you may have. With a wealth of knowledge and expertise, they will be able to advise you on right solutions to meet your needs. You can rest assured that core to the Fiduchi principles are how your interests should best be met.
Our experienced Funds team are here to answer any questions you may have. With a wealth of knowledge and expertise, they will be able to advise you on right solutions to meet your needs. You can rest assured that core to the Fiduchi principles are how your interests should best be met.
Our experienced team are here to answer any questions you may have. With a wealth of knowledge and expertise, they will be able to advise you on right solutions to meet your needs. You can rest assured that core to the Fiduchi principles are how your interests should best be met.
Our experienced employee services team are here to answer any questions you may have regarding all types of employee incentive plans. With a wealth of knowledge and expertise, they will be able to advise you on the best solution that meets your business needs.