Diversification is an important consideration for those participating in share schemes on an on-going basis. Our ISA can help employees manage investment risk in a tax efficient manner as it enables employees to transfer shares from all employee share schemes.
Shares from a Save As You Earn (SAYE) scheme can be transferred to an ISA within 90 days following the exercise of the share option and shares from a Share Incentive Plan (SIP) can be transferred to an ISA within 90 days of their withdrawal from the plan. The ISA can provide the following potential benefits:
- Transferring shares up to a value of £20,000 (2021/22)
- SAYE transfers are free of capital gains tax
- Future capital growth is free of tax
- Shares can be diversified where an individual holds a large proportion of their wealth in the shares of one company
For more details, please contact us.