SVM110010 – Tax Advantaged Share Schemes: Introduction

There are four types of tax advantaged share scheme [TASS].

The three approved schemes are:

• CSOP. Company Share Option Plans are approved share option plans previously called discretionary or executive schemes.
• SAYE. Save as You Earn schemes are approved savings related share option schemes.
• SIP. Share Incentive Plans are designed to be operated as approved plans. They provide free shares, partnership shares, matching shares and dividend shares.

There is one unapproved TASS

• EMI. Enterprise Management Incentives are unapproved share option schemes.