We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
CGT on sharesave signed before March 2016
Options

Effician
Posts: 533 Forumite

in Cutting tax
Not thinkng of selling anytime soon but there's no harm in doing a little homework to plan for the futute,
Any who , whilst having a look around today i came across this & as Mrs E signed her sharesave agreement at the end of 2015 & cashed the plan in in 2019 i was wondering if this has any bearing on CGT liability going forward. For reference not £50k at the start or now unfortunately.
Interested to know your views & thanks for taking the time to read.
https://www.gov.uk/tax-employee-share-schemes/employee-shareholder-shares
Selling your shares
You might not pay Capital Gains Tax when you sell shares. It depends on when you signed your employee shareholder agreement.
Before 17 March 2016
You only pay Capital Gains Tax on shares that were worth over £50,000 when you got them.
From 17 March 2016
You only pay Capital Gains Tax on gains over £100,000 that you make during your lifetime. The ‘gain’ is the profit you make when you sell shares that have increased in value.
1
Comments
-
Thanks - useful to know!!!I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
⭐️🏅😇0 -
Hmmm , Mrs E's was save as you earn so think we're out of luck https://www.gov.uk/tax-employee-share-schemes/save-as-you-earn-saye , best keep looking for other options i suppose.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards