company bought out half way through SAYE

cv65user

i have been paying into 1/3 year saye scheme net from salary.
company is going to be bought out in dec 2017 and delisted from stocks.

i have been given letter to option A: excercise what i have paid in so far with no income tax/ni to pay

option B: if buy out is authorised in dec, i will receive 'cash consideration?' and i can contiue to pay for another 6 months but i will be subject to income/ni tax - why is this when it has been coming off my salary as net? or is paye tax different to income tax? how do i calculate it? just knock off another 22% off my gain or the whole lot?( if whole lot ill be better off going for option A)

would i be right to think if i went for option B depending on how much tax i will have to pay i may end up better off taking option A?

nb - my gain will not be over the 11k cgt.

neverbrokensarah

PAYE is just the way employees pay income tax by deduction from salary. The self-employed will pay income tax via self assessment / direct payment to HMRC. Why would you be paying for another 6 months when there will be no more shares in the company that are on the market?

cv65user

i have been explained it as because it was not my fault the company got bought out , i guess the buyer is being nice and allowing me to continue for another 6 months

someone has effectively 'bought/reserved' the discounted shares, i just pay into a 3 year plan.