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    • cv65user
    • By cv65user 5th Dec 17, 10:42 PM
    • 145Posts
    • 7Thanks
    company bought out half way through SAYE
    • #1
    • 5th Dec 17, 10:42 PM
    company bought out half way through SAYE 5th Dec 17 at 10:42 PM
    i have been paying into 1/3 year saye scheme net from salary.
    company is going to be bought out in dec 2017 and delisted from stocks.

    i have been given letter to option A: excercise what i have paid in so far with no income tax/ni to pay

    option B: if buy out is authorised in dec, i will receive 'cash consideration?' and i can contiue to pay for another 6 months but i will be subject to income/ni tax - why is this when it has been coming off my salary as net? or is paye tax different to income tax? how do i calculate it? just knock off another 22% off my gain or the whole lot?( if whole lot ill be better off going for option A)

    would i be right to think if i went for option B depending on how much tax i will have to pay i may end up better off taking option A?

    nb - my gain will not be over the 11k cgt.
    Last edited by cv65user; 05-12-2017 at 10:51 PM.
Page 1
    • neverbrokensarah
    • By neverbrokensarah 5th Dec 17, 10:54 PM
    • 23 Posts
    • 7 Thanks
    • #2
    • 5th Dec 17, 10:54 PM
    • #2
    • 5th Dec 17, 10:54 PM
    PAYE is just the way employees pay income tax by deduction from salary. The self-employed will pay income tax via self assessment / direct payment to HMRC. Why would you be paying for another 6 months when there will be no more shares in the company that are on the market?
    • cv65user
    • By cv65user 5th Dec 17, 10:57 PM
    • 145 Posts
    • 7 Thanks
    • #3
    • 5th Dec 17, 10:57 PM
    • #3
    • 5th Dec 17, 10:57 PM
    i have been explained it as because it was not my fault the company got bought out , i guess the buyer is being nice and allowing me to continue for another 6 months

    someone has effectively 'bought/reserved' the discounted shares, i just pay into a 3 year plan.
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