SIP meaning in Business ?

Answer: What is Share Incentive Plan mean?

The Share Incentive Plan (the ‘SIP’) was first introduced in the UK in 2000. SIP's are an HMRC (Her Majesty's Revenue & Customs) approved, tax efficient all employee plan, which provides companies with the flexibility to tailor the plan to meet their business needs. SIPs are becoming increasingly popular with companies that want to engage their workforce and recruit and retain key employees. From 6 April 2014, HMRC approval will no longer be required for a SIP to obtain tax benefits. Instead, an employer is required to self-certify that the SIP meets the requirements of the relevant legislation. Accordingly, from 6 April 2014, a SIP may no longer be referred to as an HMRC approved plan.

As of February 2020, SIPs are one of 4 HMRC approved share option schemes, alongside Company Share Option Plans (CSOPs), Enterprise Management Incentives (EMI), and Savings Related Share Option Schemes (SAYE) .

There are 4 main elements to the SIP from which companies can choose to use one or more of the following: Free Shares, Partnership Shares, Matching Shares, Dividend Shares.

reference

Full Form	Category
Statistically Improbable Phrase	Academic & Science
Semi-Infinite Programming	Academic & Science
Spectral Induced Polarization	Academic & Science
Strongly Implicit Procedure	Academic & Science
Standard Interchange Protocol	Academic & Science
Space Interested Person	Academic & Science
Society for Invertebrate Pathology	Academic & Science
Italian Society of Pediatrics	Academic & Science
Società Italiana di Pediatria	Academic & Science
Science Internship Program	Academic & Science
Student Information Portal	Academic & Science
Spring Intensive Program	Academic & Science
Student Initiated Project	Academic & Science
Sales Inventory Purchase	Accounts and Finance
Society of Investment Professionals	Accounts and Finance
Simferopol	Airport Code
Sale In Progress	Business
Sales Incentive Plan	Business
Share Incentive Plan	Business
Silicon Intellectual Property	Business
Sigma Pharmaceuticals Ltd	Business
Standard Inspection Procedure	Business
Saban International Paris	Business
Selznick International Pictures	Business
Savings Investment Plan	Business
Student Insurance Program	Business
Submission Information Package	Business
Social Interactive Playtime	Community
School Improvement Program	Community
Southern Irish Pride	Community
Special Interest Publication	Community
Special Issue Presentation	Community
Strategic and Institutional Plan	Community
School Improvement Process	Community
Schools Integration Project	Community
Solo In Place	Community
Subject, Interval, and Period	Community
School Improvement Plan	Community
Session Initiation Protocol (IETF)	Computer and Networking
System Integrity Protection	Computing
Software Input Panel	Computing
Social Information Processing	Computing
Stochastic Information Packet	Computing
Society of Internet Professionals	Computing
Safer Internet Programme	Computing
Speech Interface Platform	Computing
Scilab Image Processing	Computing
Scsi Interlocked Protocol	Computing
Supplementary Input Panel	Computing
Structural Integrity Program	Computing
Single Inline Processor	Computing
Signaling Point	Computing
System Idle Process	Computing
System Initialization Program	Computing
Spa Interface Processor	Computing
Simple Ip	Computing
Serial Interface Processor	Computing
Source Ip	Computing
Signal Image Processing	Computing
Symantec Integration Package	Computing
Single In-line Package	Electronics
Sound Improvement Platform	General
Seasonal Irrigation Program	General
Self Improvement Project	General
State Improvement Plan	General
Sun Industries Protocol	General
Something In Parenthesis	General
Soul Influenced Product	General
Stateful Inspection Of Packets	General
Sloan Innovation Period	General
Saccharine Infused Prozac	General
Structural Insulated Panel	General
Structural Insulated Panels	General
Synchronized Integration Path	General
Session Initiated Protocol	General
Serial Interface Protocol	General
Securities Information Processor	General
Strategic Initiatives Project	General
Sustainability in Practice	General
System Initiation Protocol	General
Societal Impact of Pain	General
Stable isotope probing	General
Sympathetically Independent Pain	General
Synthesized Intelligent PIR	General
Safety Implementation Plan	General
Sociedad Interamericana de Prensa	General
System In Package	General
Stand for In Project	General
Sterilize In Place	General
State Implementation Plans	General
Swords Into Plowshares	General
Seat Indication Point	General
Screw in Pre-Chamber	General
Service Interval Prolongation	General
Service Improvement Process	General
Societe Internationale Pirelli	General
Samahang Innova Philippines	General
Side Impact Protection	Governmental
Systematic Investment Plan	Governmental
Shelter Implementation Plan	Governmental
Summer Internship Program	Governmental
Sterilization In Place	Governmental
Società Idroelettrica Piemontes	Governmental
Service Improvement Plan	Governmental
Survey of Institutionalized Persons	Governmental
Soviet Interview Project	Governmental
Shelter In Place	Governmental
Systematic Investment Planning	Governmental
State Implementation Plan	Governmental
Standards In Practice	Governmental
Semiconductor Intellectual Property	Governmental
The Subaru Information Pages	Governmental
Special Interest Program	Governmental
Shooting Is Pointless	Governmental
SURAIMANPUR	Indian Railway Station
Session Initiation Protocol	Information Technology
Supplementary Ideographic Plane	Information Technology
Società Idroelttrica Piemontese	International
Semper In Primis	International
Session Internet Protocol	Internet
Sanofi-Institut Pasteur	Medical
Smiling In Public	Messaging
Support Incident Pack	Military and Defence
System Improvement Program	Military and Defence
System Enhancement Program	Military and Defence
Smds Interface Protocol	Networking
Session Initialization Protocol	Networking
System Interface Procedure	Networking
Strangers in Paradise	News & Entertainment
Simulations In Physics	Physics Related
Suzhou Industrial Park	Regional
Self Initiated Program	Softwares
Soft Input Panel	Space Science
Structurally Insulated Panel	Space Science
System Implementation Plan	Space Science
Scientific Instrument Package	Space Science
Separation Instrument Package	Space Science
Standard Interface Panel	Space Science
Strain Isolator Pad	Space Science
Stay In Play	Sports
Standard Investment Planning	Stock Exchange
Single Investment Plan	Stock Exchange
Silicon Photonics	Technology
Sputter Ion Pump	Technology
Signature Image Processing	Technology
Service Interface Point	Telecommunication
Simferopol International Airport	Transport & Travel
Sub-Irrigated Planter	Trees & Plants