SAYE to ISA

ukbootlegs

I’ve a 5 year old SAYE maturing this autumn with a US listed company

I am projected to make about 30k profit on the investment when I go to sell the shares. Therefore, I want to transfer about 15k into an isa in my name and 15k in an isa in my wife’s name

i believe I can do this and not incur any cgt. Can a home confirm if this is true and if so, what providers support it?  I’m currently with II and they don’t support the SAYE transfer 

thx

vacheron

Yes, this is called "Bed and ISA", but you would need to transfer more than 30K in total to offset your gain as you can't just transfer the "gain" to the ISA. 

Say your shares have doubled in price, you would have to transfer 60K into your ISA to release the £30k gain. 

This would exceed the current allowance, but if spanned over a tax year (depending on the timing of your scheme maturity, this could work. However, I don't know if a spouse can take advantage of the SAYE bed and ISA rules, or if it is just the scheme recipient that can do this?

I posted a thread on a similar topic a while back which could provide a useful loophole (see post number 3 on this thread): 
https://forums.moneysavingexpert.com/discussion/6526980/clarification-needed-on-90-day-saye-shares-to-isa-transfer/p1 

ukbootlegs

Not a bed and isa. That’s wrong. You incur cgt. There is a direct SAYE to isa I believe 

eskbanker

ukbootlegs said:

Not a bed and isa. That’s wrong. You incur cgt. There is a direct SAYE to isa I believe 

Yes: https://www.gov.uk/tax-employee-share-schemes/transferring-your-shares-to-an-isa

ukbootlegs

eskbanker said:

ukbootlegs said:

Not a bed and isa. That’s wrong. You incur cgt. There is a direct SAYE to isa I believe 

Yes: https://www.gov.uk/tax-employee-share-schemes/transferring-your-shares-to-an-isa

Thx. This is what I understood too. Trying to find a platform that allows SAYE transfer for Nasdaq shares

DRS1

The thread mentioned earlier has Equiniti as a provider which would do the flexible ISA bells and whistles fandango.  You may want to see if they do Nadaq shares as well.

ukbootlegs

DRS1 said:

The thread mentioned earlier has Equiniti as a provider which would do the flexible ISA bells and whistles fandango.  You may want to see if they do Nadaq shares as well.

My US shares are actually held with them anyway. I’ll check. Thx