Pay reference periods & elements of pay: shares and securities
The legislation that applies to this page is as follows:
For pay reference periods commencing
* on or after 6 April 2015; National Minimum Wage Regulations 2015, regulations 9(1) & 10 * before 6 April 2015; National Minimum Wage Regulations 1999 regulation 8
Payment by way of shares is not a payment for national minimum wage purposes (NMWM09060). Therefore the value of any shares given to the worker by the employer or a third party, do not count towards a worker’s total remuneration (NMWM09050) and are not taken into account when calculating national minimum wage pay.
For dividends: See (NMWM09160).