WHAT ARE THE ADVANTAGES FOR THE COMPANY? Schemes such as this can be lucrative for employees and as such are regarded as an effective way to recruit and retain key personnel.
Employers are not liable for PRSI.
Companies can claim a tax deduction on the cost of running the scheme.
WHAT TYPE OF COMPANY DOES THIS SCHEME BEST SUIT? Approved schemes such as SAYE are generally regarded as being suitable for relatively large, well-established businesses.
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