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1245553

registered interest
date	21/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Employee Ownership
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the value was of shares issued through Share Incentive Plans by (a) partnership, (b) matching (c) free and (d) dividend shares in each of the last five years.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	106984
answer	answer is ministerial correction date of answer 02/11/2020 answer text <p>Share Incentive Plans (SIPs) is a tax-advantaged employee share scheme offered by the Government.</p><p> </p><p>HMRC publishes annual statistics on Employee Share Schemes, including the value of shares, which are available here: <a href="https://www.gov.uk/government/collections/employee-share-schemes-statistics#national-statistics" target="_blank">https://www.gov.uk/government/collections/employee-share-schemes-statistics#national-statistics</a></p><p> </p><p>The table below shows the value of awarded shares for the last four years by type of share. Figures for 2014-15 are not available due to the introduction of the Employment Related Securities service.</p><p> </p><p>Table 1- Initial value of SIP shares by share type (£m)</p><p> </p><p> </p><table><tbody><tr><td><p>SIP – initial value of awarded shares <strong>(£m)</strong></p></td><td><p>Free shares</p></td><td><p>Partnership shares</p></td><td><p>Matching shares</p></td><td><p>Dividend shares</p></td></tr><tr><td><p>14-15</p></td><td><p>-</p></td><td><p>-</p></td><td><p>-</p></td><td><p>-</p></td></tr><tr><td><p>15-16</p></td><td><p>240</p></td><td><p>510</p></td><td><p>310</p></td><td><p>130</p></td></tr><tr><td><p>16-17</p></td><td><p>120</p></td><td><p>430</p></td><td><p>260</p></td><td><p>130</p></td></tr><tr><td><p>17-18</p></td><td><p>120</p></td><td><p>300</p></td><td><p>160</p></td><td><p>80</p></td></tr><tr><td><p>18-19</p></td><td><p>110</p></td><td><p>310</p></td><td><p>170</p></td><td><p>70</p></td></tr></tbody></table> answering member constituency Salisbury answering member printed John Glen question first answered 02/11/2020 11:57:27 answering member 4051 label Biography information for John Glen
tabling member	4061 label Biography information for Bill Esterson

1245554

registered interest
date	21/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Employee Ownership and Save as You Earn
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans he has to widen participation in the (a) Save As you Earn and (b) Share Incentive Plan all-employee share schemes.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	106985
answer	answer is ministerial correction date of answer 02/11/2020 answer text <p>The Government wants to promote employee share ownership in the UK, which is why it offers tax advantaged employee share schemes such as Save As You Earn (SAYE) and Share Incentive Plans (SIPs).</p><p> </p><p>Employers can offer these schemes to share financial rewards with staff who choose to take part. This supports recruitment and retention and helps to encourage employee productivity. The Government keeps all the employee share schemes under review.</p><p> </p><p>In 2018/19, 310,000 employees were granted share options under a SAYE scheme, and around 2.84 million employees were awarded or purchased partnership shares under a SIP.</p><p> </p><p>Information on the employee share schemes for the 2020/21 tax year will not be available until 2021. However, the Government has taken steps to support employees in a SIP or SAYE scheme through the COVID-19 outbreak. This includes extending the payment holiday terms for employees in SAYE plans where the employee is furloughed, has had working hours reduced or has taken unpaid leave during the pandemic, and allowing furlough payments to constitute as salary so SIP contributions can continue to be deducted from these payments.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 106986 question first answered 02/11/2020 15:22:00 answering member 3991 label Biography information for Jesse Norman
tabling member	4061 label Biography information for Bill Esterson

1245555

registered interest
date	21/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Employee Ownership and Save as You Earn: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the effect of the covid-19 outbreak on employee participation levels in (a) Save As You Earn and (b) Share Incentive Plan schemes.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	106986
answer	answer is ministerial correction date of answer 02/11/2020 answer text <p>The Government wants to promote employee share ownership in the UK, which is why it offers tax advantaged employee share schemes such as Save As You Earn (SAYE) and Share Incentive Plans (SIPs).</p><p> </p><p>Employers can offer these schemes to share financial rewards with staff who choose to take part. This supports recruitment and retention and helps to encourage employee productivity. The Government keeps all the employee share schemes under review.</p><p> </p><p>In 2018/19, 310,000 employees were granted share options under a SAYE scheme, and around 2.84 million employees were awarded or purchased partnership shares under a SIP.</p><p> </p><p>Information on the employee share schemes for the 2020/21 tax year will not be available until 2021. However, the Government has taken steps to support employees in a SIP or SAYE scheme through the COVID-19 outbreak. This includes extending the payment holiday terms for employees in SAYE plans where the employee is furloughed, has had working hours reduced or has taken unpaid leave during the pandemic, and allowing furlough payments to constitute as salary so SIP contributions can continue to be deducted from these payments.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 106985 question first answered 02/11/2020 15:22:00 answering member 3991 label Biography information for Jesse Norman
tabling member	4061 label Biography information for Bill Esterson