National Insurance changes to impact share plan participants

National Insurance Contributions (NICS) 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 (SIP), 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 changes won’t impact them unless:

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

Need more information on NICs?

Here are useful resources for further reading:


Drop us a line if you’d like some help communicating your share plan messages, including the impact of these recent changes.

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