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SAYE schemes & securing rock bottom option prices.
2nd October 2015
Jonathan Watts-Lay, Director, WEALTH at work discusses company share schemes with the Financial Times and how many participants in Save As You Earn (SAYE) schemes have realised large gains after securing ‘rock bottom’ option prices.
Watts-Lay comments, “Participants in SAYE schemes — which typically last three or five years — have realised large gains between 2012 and 2014 after securing ‘rock bottom’ option prices during the financial crisis.”
Watts-Lay continues, “The beauty of SAYE is that you have the benefit of hindsight,it is very low risk, because you can always choose to get your money back, [and] generally speaking people have done very well out of them.”
In addition to this, if an employer offers a SIP (share incentive plan) they can provide two matching shares for each that is bought, Watts-Lay adds, “Even as a basic rate taxpayer, 32p [of every £1 spent] is effectivly paid by HMRC, and if your employer matches you one for one, you could have £200 of shares for £68 on day one.”
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