More changes to National Insurance: the impact on your share plan participants

National Insurance Contributions are reducing from 6 November, marking another change (this time a positive one!) to employees’ pay packets.

It could also have implications for colleagues enrolled in an all-employee share plan. For employees in a Share Incentive Plan, what’s due and when is rather complex – but our handy chart is a useful starting point! It clearly sets out what NICs are due and when on the different types of shares in a SIP.

The more guidance you can provide, the more in control your colleagues will feel about their own financial situations – invaluable support in these confusing times!

For people in other all-employee plans, the NICs changes won’t impact them, unless:

  1. They’ve been granted a discounted share option.
  2. There’s been a disqualifying event.
  3. A CSOP participant exercises their share option within 3 years.

Access more information on National Insurance:

Drop us a line if you’d like some help communicating your share plan messages, including the impact of the changes in National Insurance Contributions.

phone Call us on 020 7420 1984 or send us a message

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


    Get unmissable insights


    Everything you need to know about communicating share plans and rewards, delivered straight to your inbox! Sign up to never miss out on the latest industry news and insights. Delivered monthly, unsubscribe at any time.