07 Oct 2017, 13:23
07 Oct 2017, 13:52
What happens about tax?
In most circumstances you won’t have to pay income tax or National Insurance on your shares when you buy them, even though you will have been able to buy the shares for 20% less than the share price on the stock market when the scheme launched. However, you may have to pay capital gains tax (CGT) on any gain made between the option price and the market price when you sell the shares. Every person has a yearly CGT allowance. You will not have to pay CGT on any gains you make below your yearly allowance. For 2014-2015, the CGT allowance is £11,000.
07 Oct 2017, 13:59
07 Oct 2017, 14:34
07 Oct 2017, 14:48
claretandblue wrote:Does anybody know what happenes if the share price goes below the 360p offer price ?
07 Oct 2017, 16:04
TrueBlueTerrier wrote:You take the money or buy shares at the price on the day. The £3.60 price is for when the share price is over that amount.
07 Oct 2017, 16:20
Alexei wrote:TrueBlueTerrier wrote:You take the money or buy shares at the price on the day. The £3.60 price is for when the share price is over that amount.
So if they drop below 360p, then we get them for the value they are trading at time of purchase?
07 Oct 2017, 16:55
TrueBlueTerrier wrote:Yes. At least that's how I understand it.
07 Oct 2017, 18:48
stevenshm wrote:Hello everyone
Does anyone know if there any tax or national insurance deductions to pay
if I decide to get to have my money paid back to me instead of buying any shares?
just wondered as we have been saving without paying any tax etc?
just wanted to know the chances are i will be buying shares but just incase?
08 Oct 2017, 07:20
08 Oct 2017, 08:20
09 Oct 2017, 15:41
RobertT wrote:When the savings term started we agreed to save a certain amount of money in order to buy a certain number of shares.
So if you’ve saved £360 over the savings term, you’ll be buying 100 shares at £3.60 each. That figure of £3.60 is fixed!
09 Oct 2017, 16:29
17 Oct 2017, 17:34
17 Oct 2017, 18:13
Pongo Waring wrote:Ive noticed my SAYE contributions of £14.75 stopped about 6 weeks ago and I thought I might have had some contact from RM by now about what happens next but I haven't heard anything yet. I,ll probably buy the shares at 3.60 and just sit on them for a while. Has anyone been written to since the scheme matured ?