A Share Incentive Plan (SIP) is a tax-advantaged share scheme introduced by the British government to encourage employee ownership in participating companies. Under such a plan, a trustee acquires and holds shares for the benefit of employees, providing significant tax advantages under predetermined conditions.
A Share Incentive Plan (SIP) is a tax-advantaged employee share scheme that allows employees to purchase or receive shares in the company they work for, promoting employee ownership and aligning their interests with shareholders.
