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SAYE tax free options
trickydicky4321
Posts: 10 Forumite
Hi,
I have a SAYE plan which is due to mature. At current share price it's worth £25,000 of which £13,000 is profit, so liable to CGT. I'd like to put this money into my pension.
According to the government website, the 2 ways to not pay CGT on this money is to pay direct into a pension or pay into a Stock & Shares ISA. My pension only accepts cash payments, so I can't transfer the money directly into there. It appears my only option is to transfer into an ISA. My question is, can I transfer the shares into an ISA then immediately take the money out & not pay CGT? If not, is there a minimum period they need to be in an ISA before I withdraw and pay into my pension?
Thanks in advance for advice.
I have a SAYE plan which is due to mature. At current share price it's worth £25,000 of which £13,000 is profit, so liable to CGT. I'd like to put this money into my pension.
According to the government website, the 2 ways to not pay CGT on this money is to pay direct into a pension or pay into a Stock & Shares ISA. My pension only accepts cash payments, so I can't transfer the money directly into there. It appears my only option is to transfer into an ISA. My question is, can I transfer the shares into an ISA then immediately take the money out & not pay CGT? If not, is there a minimum period they need to be in an ISA before I withdraw and pay into my pension?
Thanks in advance for advice.
0
Comments
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Clarification needed on 90 day SAYE shares to ISA transfer. — MoneySavingExpert Forum
may help..
I think for the Equiniti thing to work the money needs to come out of the ISA speedily but have a read of what they say.0
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