Deferred compensation is a tax-advantaged plan under which an employee postpones a portion of their salary in exchange for the employer's promise to pay this salary in the future, usually to achieve tax benefits and retirement planning.
A popular savings method employed by organizations to motivate employee savings and investments in company shares, often accompanied by tax privileges.
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.
