Save-as-you earn employee Share scheme; tax?

The_Big_Bamboo

My son has been contributing to his companies save-as-you earn employee Share scheme for a couple of years.

The scheme matures just before the end of this tax year and the expected ‘gain’ is approx £2500.

This tax year he’ll have about £800 savings interest but no other income from other shares etc except the anticipated £2500.

If he exercises the option to buy his shares at the original option price and then immediately sell all of them will he be liable for any tax/N.I. on the expected £2500 gain?

As ever, all replies gratefully received.

 

 

milton1970

Unless making capital gains elsewhere he will be below the CGT limit for tax (£12,300)