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Sharesave Plans
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robinej
Posts: 1 Newbie
Hi,
I recently left a company having built up a few years in a sharesave plan. On leaving the plan operator sold some of my shares in the plan to cover my income tax obligations that were due. However due to covid19, the price of the shares are very low so it has cost me more shares than it could have done. I would have rather paid the liability myself and kept the shares. Could I do this?
Also are there any rules about how quickly this liability needs to be paid and when these shares should have been sold off (add it took them a month to do it!)
Thanks all
I recently left a company having built up a few years in a sharesave plan. On leaving the plan operator sold some of my shares in the plan to cover my income tax obligations that were due. However due to covid19, the price of the shares are very low so it has cost me more shares than it could have done. I would have rather paid the liability myself and kept the shares. Could I do this?
Also are there any rules about how quickly this liability needs to be paid and when these shares should have been sold off (add it took them a month to do it!)
Thanks all
0
Comments
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Rules will be specific to your plan, is there a published scheme booklet/website, etc?0
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