SAYE AND BAYE - Supermarket

OMAR

I work for a company where you can do Save as You Earn (Up to £250 per month) and Buy as You Earn (Up to £110 per month)

I am tempted to do BAYE...is it worth it...says you don't pay NI and Tax on the shares bought....however you do if you cash in within 5 years?....is it worth it? Should I just save in an ISA instead?

I currently do £250 via SAYE.

Any advice please

dunstonh

Should I just save in an ISA instead?

That would be saving. The SAYE/BAYE is investing.

Being too heavy in a single share is high risk. Just as the bank staff that had hundreds of thousands of pounds of bank shares through SAYEs. Of course, you can sell the shares and diversify later on which would be common sense. As long as you remember to do that, then there is no problem.