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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

Schedule 2 share incentive plan (SIP): Types of award: Matching shares: Introduction

The company may award shares to match the partnership shares bought by the employee out of his or her salary. These matching shares  may be awarded using any specified ratio, subject to a maximum of two matching shares for each partnership share (paragraph 60(2)).

A Schedule 2 SIP which provides for matching shares must meet the plan requirements mentioned in ETASSUM24520, ETASSUM24530 & ETASSUM24540.