5yr Sharesave SAYE maturity

outkastchris

My shavesave is due to mature on the 1st of june 2012

I've saved for 5yrs @ £250 a month

The statement I've recieved today reads
Total saving at maturity £15000
Tax free Bonus £ 1375
Total repayable £16375
option price 259.32pence
Number of share under otion 6314
Total purchase price £16373.47 A

Todays share price is 314.62pence
So the share valve would be £19865.11 B

The options I have are
1 buy shares under option with a value of B
2 take the money of A
3 Choose to earn an extra bonus on your savings
If you have a 5yr option you can choose to lapse your option to buy shares and leave your savings and tax free bonus in your acount for 2 yrs
At the end of your 2yr period you will recieve an extra tax free bonus equal to 10.3 monthly payments
You do no need to make any further contributions.

Questions I have with option 3 are
At the end of the 2yr period do I have the options to buy shares with the money I have accumulated?
Equal to 10.3 monthly payments, does the amount to £2575 of an extra tax free bonus bringing my value up to £18950

If you don't get the option to invest into shares after this 2yr period it seems obvious to me to go for option 1 and then sell soon after or wait until the dividend are paid out in october and hope share prices don't fall.
If this is the case the am I right in think the only reason you would excercise option 3 was if the share valve was lower than your total including your bonus?

Hopefully I have included enough information

opinions4u

Take the gain now.

And diversify your holdings away from your employer.

MoneySaverLog

I think the option to save for a further 2 years results in the option lapsing. I'd check that. Agree with Opinions exercise the option and sell is what I'd do.