We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Work sharesave SAYE clarification
G1345983
Posts: 1 Newbie
Hi everyone. I started a share plan mid covid which matures next year (25/26 tax year). Nobody , including HMRC has been unable to confirm the answer
This is a 5 year plan £12,000 paid in . Current value based on today’s share price is about 32k which is good ! The gain, is therefore 20k.
My theory is that at maturity I can draw 12k (initial investment) and 3k (CGT allowance) tax free. This leaves £17k “gain” potentially taxable.
Am I able to transfer £17k worth of the shares to a compatible stocks and shares isa , and as such I’m transferring all the gain to a tax free wrapper ? In summary can I get at the full 32k without attracting CGT ? The only risk being share price fluctuations before I sell the 17k of shares in the ISA. Thank you.
This is a 5 year plan £12,000 paid in . Current value based on today’s share price is about 32k which is good ! The gain, is therefore 20k.
My theory is that at maturity I can draw 12k (initial investment) and 3k (CGT allowance) tax free. This leaves £17k “gain” potentially taxable.
Am I able to transfer £17k worth of the shares to a compatible stocks and shares isa , and as such I’m transferring all the gain to a tax free wrapper ? In summary can I get at the full 32k without attracting CGT ? The only risk being share price fluctuations before I sell the 17k of shares in the ISA. Thank you.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards