Share save maturity

Mankysteve

Share save maturity best course of action

I've got a share save maturing in a few months, it's not huge amount projected to about 4k.

Just trying to figure out my bets bet for my saving.

My main idea is to transfer into stock and shares LISA to get the additional 1k bonus but not sure if that the right course of action end game of saving is to buy a house, but that may be a couple of years away yet. 

But I'm also open suggestions.

Company I work for is highly unlikly to go bust anytime soon I would doubt there would any major loss of share value but as with all things this could change.

eskbanker

If you're likely to be buying your first property in a couple of years time (or even three or four) then saving is likely to be more sensible than investing, so you might consider using a cash LISA instead....

Mankysteve

It'll will be the in the next 3 to 4 years hopefully.

Would there be any tax implications to taking it as cash? 

eskbanker

Mankysteve said:

It'll will be the in the next 3 to 4 years hopefully.

Would there be any tax implications to taking it as cash? 

I doubt it but it'll be dependent on the scheme rules - if there were to be differential implications between cashing in and transferring shares then you could always transfer into a S&S (L)ISA initially and sell from there with no tax issues....

frugalmacdugal

Hi,

do you have the choice of taking the cash or buying the shares at the option price?

Is share price now higher or lower than option price?

housebuyer143

If the share price is higher than you bought it at, buy the shares and then sell them. If you do this before April you have a £6k limit and you will pay no CGT.
You can move it to a stocks and shares ISA also, but then it's still in shares. Is it not easiest to sell the shares and put the money in yourself directly?

Mankysteve

frugalmacdugal said:

Hi,

do you have the choice of taking the cash or buying the shares at the option price?

Is share price now higher or lower than option price?

Currently looking at about 1.4k return on my saving. 

I'll have a proper dig though the details this weekend caught a stomach big off my little one so not at best today.

Thankyou everyone for the advice so far