Sell SAYE shares

Helponshares

If I sell 20k of my SAYE shares and put the money straight into an ISA will this avoid me paying captain gains tax? On the website it’s confusing, saying I need to transfer shares into the isa so a little confused 

Mark_d

As soon as you sell shares that are outside an ISA, you have a CGT liability.
If you want to keep shares in the company, some would advise that you sell the shares now and re-purchase the shares inside an ISA.  This means that whilst you pay CGT on the gains to date, you are protected from CGT due to future increases in the share price and you are also protected from tax on the dividends.

p00hsticks

Helponshares said:

If I sell 20k of my SAYE shares and put the money straight into an ISA will this avoid me paying captain gains tax? On the website it’s confusing, saying I need to transfer shares into the isa so a little confused 

No, you mustn't sell the shares, you have to transfer them into your ISA providing that a) the ISA provider agrees, b) you haven;t already used this years ISA allowance and c) you do it within 90 days of acquiring the shares.

Details her - your employer shoud lbe able to help further 
Tax and Employee Share Schemes: Transferring your shares to an ISA - GOV.UK (www.gov.uk)   

vacheron

A registered SAYE scheme is just about the only way to transfer shares to an ISA without needing to sell first, and thereby trigger a CGT event.

What's more however, is that there is a lovely loophole if you open a Flexible ISA which I hypothesised (and which has apparently been confirmed by the legal eagles in the Tesco SAYE Hub)  whereby you could move ALL your SAYE shares into an ISA as long as you can move it in £20K chunks and do it within the 90 day window!   

Link to my earlier thread HERE.