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Work sharesave SAYE clarification

G1345983 Posts: 1 Newbie

2 December 2024 at 10:44AM in ISAs & tax-free savings

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.

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Work sharesave SAYE clarification

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