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share incentive plan also known as zip we all know we need to save money and invest for the future but putting money aside regularly can be a big challenge the SIP is an all employee share plan that gives you a chance to buy mighty shares at a discount the main advantage of buying mighty shares through the SIP is that you dont have to pay income tax or national insurance contributions on the part of your pay you decide to invest through the plan what is also great is that you can join the scheme at any time during the year so how does the scheme work you choose a regular amount to invest and by MIT shares each month it can be any amount between 10 pounds and 150 pounds for every 10 mighty shares you buy we give you an extra run free as an added bonus you will not be charged capital gains tax if your SIPP investment increases in value over time you become a mighty shareholder so why is the SIP so special the SIP is only available to mighty people and gives you a big advantage over reg