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Company Share Save Scheme

Sledge748
Posts: 1 Newbie
Last year the company I work for offered a share save scheme which enabled me to save a fixed amount (£150) each month for 3 years and then buy the shares at a preferential rates less 20% which is set at 1.94.
There is no guarantee that they will offer the scheme this year but they have done for the last 2 years so I am assuming that they will do it again. I am thinking of closing my current scheme membership and starting again this year as the current share price has gone down to 1.27.
What do you guys think?
There is no guarantee that they will offer the scheme this year but they have done for the last 2 years so I am assuming that they will do it again. I am thinking of closing my current scheme membership and starting again this year as the current share price has gone down to 1.27.
What do you guys think?
0
Comments
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Makes sense to me.
As long as you can afford to push your maturity date back another year.0 -
I have done this myself a few years ago.
Started a 5 yr Sharesave at £50/mth, two years later the new offer price was about a third lower than the original one so cancelled the original Sharesave and started a new one at £80/mth for 3 yrs, giving me roughly the same savings at the end with which to buy shares.
Got all the money I had paid into the original one back with interest (taxed 'cos I cancelled it early).
So, to echo opinions4u, do it if you can wait an extra year for the money. I'd wait until the new offer is made, though, before canclling the original one. Once you've seen the offer, you should have time to cancel your original sharesave and take up the offer of the new one.Are the words 'I have a cunning plan' marching with ill-deserved confidence in the direction of this conversation? :cool:0
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