Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • Dave210782
    • By Dave210782 17th Jul 17, 10:01 PM
    • 1Posts
    • 0Thanks
    Dave210782
    Shares saver scheme maturing
    • #1
    • 17th Jul 17, 10:01 PM
    Shares saver scheme maturing 17th Jul 17 at 10:01 PM
    Please could someone provide me with some advise. My 5 year shares are about to come to end and I have the option to buy at good rate and sell to make profit. But here is the issue. I am able to earn, I believe tax free a profit of £11.300.before being forced to pay capital gains tax. My profit would potentially be about 15k if this company takeover happens which will compulsory purchase all shares at good rate.

    I have option to (sell some) now @ whatever the going rate is and keep the rest shares at discount rate, or (Buy them all) at the discount rate,to be sold later at better rate or do nothing which isn't option, but I need to make decision soon. So my question is is there anyway I can sell some but genuinely give the money to my kids savings isa for them when they are older and pocket the rest and put mine into our family isa (without paying capital gains tax.)


    Can anyone provide any advise please. I am on basic rate tax and we are modest family with normal outgoing.
    Any advise would be much appreciated.
    Thanks
Page 1
    • redped
    • By redped 17th Jul 17, 10:58 PM
    • 601 Posts
    • 537 Thanks
    redped
    • #2
    • 17th Jul 17, 10:58 PM
    • #2
    • 17th Jul 17, 10:58 PM
    Is it an HMRC-approved SAYE scheme? If so, then you can transfer up to £20K-worth of shares to an ISA:

    https://www.gov.uk/tax-employee-share-schemes/transferring-your-shares-to-an-isa

    https://www.tddirectinvesting.co.uk/stocks-and-shares-isa/how-can-i-transfer-shares-into-my-isa

    Likewise, you can also gift some of the shares to your spouse or civil partner:

    https://www.gov.uk/capital-gains-tax/gifts

    I've done both of these before - it's actually a simple process, and didn't take long for the shares to be transferred.

    You could then sell the remaining shares, and any profit over £11,300 would be liable for CGT - the post-CGT profits could go in to saving ISAs for the children.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

4,209Posts Today

7,542Users online

Martin's Twitter
  • Byebye! I'm about to stop work & twitter, to instead spend glorious time with Mrs & mini MSE. Wishing u a lovely summer. See u in 10 days.

  • WARNING Did you start Uni in or after 2012? The interest's rising to 6.1%; yet it doesnt work like you think. See https://t.co/IQ8f0Vyetu RT

  • RT @JanaBeee: @MartinSLewis Boris is the anomaly (coffee), the others are versions of normal (beer). Lots of same candidates = vote share d?

  • Follow Martin