In a move not widely anticipated, the UK Government has announced that the maximum award under the Company Share Option Plan (CSOP) is being increased. With effect from 6 April 2023, employees will be allowed to hold options of up to £60,000 of shares, a doubling of the current £30,000 limit which has been in place for almost thirty years.

In the latest Stephenson Harwood briefing by employee incentives experts Nicholas Stretch and Gruffydd Ellis, the pair considers what a CSOP is, what favourable tax treatment CSOP offers, and whether much will change because of the increase. To find out more, please click here.

Further articles published following the recent mini-budget include The not so "mini" budget: what does it mean for employers? and Nothing 'mini' about it.