Share Option Schemes were introduced in 2000 to help ambitious young companies to attract and retain great staff.
The schemes create an unbeatable incentive for employees to commit themselves to an organisation – they stand to benefit financially, which can be significant if the business thrives.
Employees are given the option to purchase shares in a business – at a fixed point in the future. For both employees and employers, these HMRC approved schemes can have enticing tax benefits.