Phantom Share Schemes

If you want to offer your employees more incentives and opportunities to earn then consider providing Phantom Share Schemes - also know them by the name Shadow Share Schemes.

We can take care of the entire process for you

Our experts will analyse eligibility and ensure that the best results are found for employers and employees alike

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What are Phantom Share Schemes?

Phantom share schemes are a cash bonus arrangement in which the amount of cash bonus paid is measured by reference to the increase in value of real shares.

You should keep in mind that no actual share options or shares are awarded. Your employees benefit by receiving the right to receive cash based on set conditions. If you’re familiar with cash-settled Share Appreciation Rights (SARs) then you will know that they are very similar and often the terms are used interchangeably.

How Phantom Share Schemes Can Benefit Your Business

Phantom share schemes are extremely flexible and can be appropriately tailored to meet your company’s requirements and goals.
If you are a company owner who wishes not to offer employees shares or you’re worried about having minority shareholders then this is a great option for you.
You can also choose to separate your investments that are from the trading business as well.
The setup process is easy and they are simple to administer.
You are not required to file a share scheme annual return with HMRC.

Tax Status Of Phantom Share Schemes

Tax is handled the exact same as a normal cash bonus. Whereas there is no tax payable on the grant of a phantom option, any payouts that are made under this scheme will be subject to income tax through PAYE and national insurance contributions (NICs).
If you know about or are currently offering Enterprise Management Incentives (EMIs) at your business, then know this is the opposite of what occurs with this type of tax-advantaged share scheme. In this case, if and when certain conditions are met then an employee can usually choose an option that doesn’t include liability to Income Tax or NICs.

We can help you with:

Assistance with setting up phantom share schemes Ensure the share scheme will align with your business goals

Advice on valuing the shares Help with implementing and administering the share scheme Combining different types of shares to get more from your share schemes

Why Neathouse Partners?

Renowned expertise

Our team comprises of industry leaders and specialists dedicated to staying ahead of the curve in the latest Employment Law, Health & Safety and HR developments.

Services tailored to you

A fully bespoke 1-2-1 client-adviser model, offering a dedicated, fully qualified and experienced advisor to each client, who can handle all documentation and queries on their behalf.

Fixed fees

We base our prices on fixed monthly retainers, so you and your business receive an unlimited service without unexpected bills. This helps you to budget for your HR and Employment Law spend.

What our clients say about us

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“As a company, we have used Neathouse for a number of years. The service throughout has been exceptional. All matters are dealt with in a prompt and efficient manner. James and Gwyn are always on hand to deal with any issues and have provided detailed employment contracts, staff handbooks and advised on complex matters. I would highly recommend Neathouse as a trusted HR partner.”

Amanda Chalmers Executive Assistant Stretton Capital

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“A great service - fast, professional and friendly with accurate information on all things HR.
Full outsourced HR service is provided giving us peace of mind that we remain compliant”

Steve Griffith Business Manager St Gerard's School Trust

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“Having used the services of Neathouse Partners for many years, I’m confident to say that their employment law advice is commercial and focused on the answer rather than the journey! I have recommended the team to many other businesses and have never heard a bad word said.”

Scott Young Director - Corporate Services RedEye

“The experts on hand have been exceptional, their service is excellent and such value for money. If you are considering outsourcing your HR then I recommend you do.”

Courtney Nangle Charity Manager Sue Young Cancer Support in Leicestershire and Rutland

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FAQ

Frequently asked questions about Neathouse Partners.

What geographical areas does Neathouse Partners cover?

We offer services to all businesses and organisations located in England, Wales and Scotland.

Does Neathouse Partners cover my industry?

We provide HR and employment law services across a range of industries, including:

Health and social care
Retail
Hospitality and leisure
Charities
Construction
Engineering and manufacturing
Commercial cleaning
Healthcare

Visit our industries page for more information on the sectors we cover. If you can't find what you're looking for, get in touch and we'll let you know if we can cover your industry.

What makes Neathouse Partners different from other service providers?

We pride ourselves on our professional yet personal service, and build close working relationships with our clients so that we remain accountable for the advice we give. We provide personalised solutions to our clients, tailoring them to their unique business challenges while making them compliant with UK employment law and HR best practices.

As a business owner, you need to focus on what’s really important to your business, with the peace of mind that we're looking after your HR requirements. We draft, edit and prepare your documents on your behalf, so that you can focus on your business knowing you’re fully compliant.

We're a small collective of specialist qualified employment lawyers and HR experts, delivering an outcome-focused end-to-end service that helps you to operate at your best and comply with both UK law and HR best practices.

You’ll be given your own personal HR Consultant or Employment Lawyer, who'll take their time to really get to know you, your business, and how you operate. This enables us to support what’s right for your business, whenever you need it. Our unique offering of lawyer-led employment law services, combined with expert HR advice, means that we can provide a seamless and consistent service to our clients. Unlike other companies offering HR solutions, our services always come at a fixed cost, enabling you to easily budget for your HR requirements, with no financial surprises later down the line. There’s no usage limits and no hidden extras. You can rest assured that all of your HR and employment law requirements are covered.

Which sizes of companies does Neathouse Partners help?

Neathouse Partners caters to a diverse clientele, accommodating the needs of everyone from small businesses with a single employee to large-scale organisations with 7,000 or more employees.

Have inquiries?

Contact our experts

Contact us, and our team will get back to you within 24 hours. We value your questions and are committed to getting them answered quickly.

We offer unlimited HR and employment law advice, covering all matters throughout the employee lifecycle.

Neathouse Partners provide redundancy advice for employers. Our solution-driven, personal service ensures that employers have access to a named and dedicated HR or employment lawyer to help them expertly navigate HR best practice and employment law, regardless of how complex the issue may seem.

Plan, manage, and monitor health and safety in the pre-construction and construction stages of your project.

Support your staff when they are struggling.

Thinking of giving up your business in favour of an EOT? Learn more >

Lawyers at our firm can draft, prepare, review, evaluate and resolve numerous commercial agreements on your behalf.

We provide specialised HR and Health & Safety services for the health and social care.

We offer unlimited HR and employment law advice, covering all matters throughout the employee lifecycle.

Neathouse Partners provide redundancy advice for employers. Our solution-driven, personal service ensures that employers have access to a named and dedicated HR or employment lawyer to help them expertly navigate HR best practice and employment law, regardless of how complex the issue may seem.

Plan, manage, and monitor health and safety in the pre-construction and construction stages of your project.

Support your staff when they are struggling.

Thinking of giving up your business in favour of an EOT? Learn more >

Lawyers at our firm can draft, prepare, review, evaluate and resolve numerous commercial agreements on your behalf.

We provide specialised HR and Health & Safety services for the health and social care.

Phantom Share Schemes

Experience the undeniable success of our services – as reflected in our exceptional ratings

What are Phantom Share Schemes?