Employment law manual updates: employee shareholders
The Employment law manual has been enhanced by the addition of information on employee shareholders.
On 1 September 2013, a new type of employment status, employee-shareholder status, came into effect. Individuals engaged under an employee-shareholder contract benefit from tax advantages on shares worth between £2,000 and £50,000 that they receive from their employer. In exchange, they surrender certain employment rights.
- We have added guidance on the new contracts in Employment law manual > Contracts of employment > Types of contract > Employee-shareholder contracts. We have included information on the conditions for employee-shareholder status to apply, the information that employers must include in a written statement to employee shareholders and the employment rights that employee shareholders surrender.
- In Employment law manual > Pay and benefits > Basic pay and benefits > Employee-shareholder contracts we have included information on the tax treatment of employee-shareholder shares.
Also
FAQs > What requirements must be met for an individual to have employee-shareholder status?
FAQs > What are the tax implications if someone is employed under an employee-shareholder agreement?
FAQs > Do employees have protection if they refuse to agree to employee-shareholder status?
FAQs > What employment rights are forfeited by an individual who agrees to employee-shareholder status?
