Company Share Scheme

random321

Hello all, just after a bit of advice please!
I have invested in my company share scheme due to their generous discounting and matching, and now have the option to withdraw these shares early as there is a clause for big life events (we have recently moved house).
The information I have is that Income tax will be charged at your highest income tax rate on the profit realised, and the proceeds will be returned via payroll.
I am keen to withdraw all the funds now (approx £10,000 of which 3k is profit) and re-invest in my multi-asset S&S ISA to reduce the risk of having too much tied up in one business. 
My salary is 40k but I sacrifice 20% pm into pension. I'm just not sure if I withdraw all of these funds in one hit it will impact me in a negative way in regards to income tax or whether I should spread the withdrawal? My assumption is that I would still be within the 20% tax bracket so it shouldn't impact me?
I hope this is enough information! Thanks in advance...

Malthusian

Based on the information in your post, you'll still be well under the higher rate tax bracket (which usually starts at £50k) so yes, income tax will still be 20%.

Is it one of the schemes (e.g. Share Incentive Plans) where if you wait long enough the shares become tax free?

random321

No, coincidentally they also run one of those that I pay into monthly. This one is a scheme that you can pay into once a year, and once held for 5 years you can withdraw the funds or alternatively leave them in the scheme. Life events trigger the ability to release early, which I have the option to do now for 3 years worth of contributions.