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An all-employee share scheme giving staff the opportunity to become shareholders with valuable tax advantages. Postlethwaite Solicitors can help businesses assess whether a SIP is suitable and set one up. Employees can receive Partnership Shares bought from gross pay, Free Shares allocated at no cost, Matching Shares providing up to two extra free shares for each Partnership Share purchased, and Dividend Shares paid as additional shares instead of cash. SIPs are open to all employees, subject to a service requirement of up to 18 months, and allocated shares are normally held in a SIP trust for five years to preserve tax reliefs.