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Diversification is an important consideration for those participating in share schemes on an ongoing basis. The WEALTH at work ISA can help employees manage the risk in a tax efficient manner as it enables employees to transfer shares from all employee share schemes (subject to HMRC rules).

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 (2019/20).
  • SAYE transfers are free of capital gains tax.
  • Future capital growth is free of tax.
  • Shares can be diversified where an individual holds a too greater proportion of their wealth in the shares of one company.

For more details, please contact us.