Income Tax (Earnings and Pensions) Act 2003 section 58

Matching shares: introduction

Section 58 sets out the plan requirements that must be met where a Share Incentive Plan (SIP) provides for matching shares.

  • A SIP that includes matching shares must comply with specific plan requirements
  • The plan must meet general requirements governing how matching shares are awarded
  • The plan must specify the ratio of matching shares to partnership shares
  • The plan must set out the required holding period for matching shares

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