shares....

[TrueBlueTerrier]

Erm so that means we don't get them until six years is up?

No 3 and 5 years -

http://www.hmrc.gov.uk/employeeshareholder/index.htm" onclick="window.open(this.href);return false;

Income Tax and National Insurance Contributions on employee shareholder shares
Income Tax and NICs is not usually chargeable on the first £2,000 of share value received by an employee shareholder. This is because the employee shareholder is deemed to have made a payment of £2,000 for the shares. The normal rules for the taxation of employment-related securities apply to any value received in excess of £2,000.

The 'deemed payment' only applies on the first occasion on which an individual acquires 'qualifying shares' under an employee shareholder agreement with their employer, and is subject to the employee shareholder not having a 'material interest' in the company.

Guidance on the Income Tax treatment
of Employee Shareholder shares

http://www.hmrc.gov.uk/employeesharehol ... it-ess.pdf" onclick="window.open(this.href);return false;

[bustedflush]

You lose them if you leave voluntarily through new employment, are sacked etc. If you retire at age, or quit through ill-health/long-term sickness or are made redundant you keep them, as your estate does if you die.
An important point here is those on fixed-term contracts - 95% of the time these just run/repeat anyway until you are given a permanent if you are any good. In the case of not having a contract renewed, you have left involuntarily (unless YOU told RM you didn't want to carry on when it expired) and theoretically should be able to keep them. I know when I was in a share scheme and made redundant a couple of years back, it was only 18 months old and due to redundancy I was allowed to keep them AND cash them in tax/NI free before the 5 years was up.

[RobertT]

Erm so that means we don't get them until six years is up?

No 3 and 5 years -

http://www.hmrc.gov.uk/employeeshareholder/index.htm" onclick="window.open(this.href);return false;

Income Tax and National Insurance Contributions on employee shareholder shares
Income Tax and NICs is not usually chargeable on the first £2,000 of share value received by an employee shareholder. This is because the employee shareholder is deemed to have made a payment of £2,000 for the shares. The normal rules for the taxation of employment-related securities apply to any value received in excess of £2,000.

The 'deemed payment' only applies on the first occasion on which an individual acquires 'qualifying shares' under an employee shareholder agreement with their employer, and is subject to the employee shareholder not having a 'material interest' in the company.

Guidance on the Income Tax treatment
of Employee Shareholder shares

http://www.hmrc.gov.uk/employeesharehol ... it-ess.pdf" onclick="window.open(this.href);return false;

Our shares are held in a SIP so the above links aren't applicable. Try this link instead:

http://www.hmrc.gov.uk/shareschemes/sha ... visors.pdf" onclick="window.open(this.href);return false;

[TrueBlueTerrier]

oops Thanks for posting the correct links RobertIT

[Lincox]

My colleague shares are held in a TIP

[arnold cheshire]

when are we getting the extra shares april 1st?

[RobertT]

when are we getting the extra shares april 1st?

In the new tax year, so on or after 6th April.

[ratchet]

Erm so that means we don't get them until six years is up?

No, they will be yours after 3 years.

If you sell them within another 2 years you have to pay tax on them.

After 5 years in total, you can sell them without any tax obligations............ in other words you can flog them off in around 4 years and 9 months without having to pay tax.

[Chelseablue]

Will we still be in rm in 4 years time?

[fishtank]

Anybody had a peak at the share price today..615.00p

[bustedflush]

Anybody had a peak at the share price today..615.00p

I know, they're up and down like a whore's drawers....if they get wind of a 'yes' vote in the coming ballot watch them get near 6.50...