Potential Capital Gains Tax (CGT)

Once you're clear on your choices and how to access your shares then it's time to consider whether you might have a CGT liability and what you can do about it before telling Equiniti Limited (Equiniti) what you want to do.

CGT might be applicable because the current share price is higher than the discounted share price of 99p set in 2022 and any gain is subject to tax. CGT means that you will be taxed on any profit or gain you make that is above the annual CGT tax free allowance limit of £3,000 in this and next tax year.

You can use the calculator to work out whether you may have a CGT liability. We know it can be a complicated subject, so we've partnered with WEALTH at work to offer you financial education sessions in January before you have to make any decisions. They'll go through all the choices available including when CGT might be an issue and what to do about it.

Following a group session, you'll then have the opportunity for a 1:1 guidance call to talk through any individual questions you have.

For more information on CGT please visit the Government's website Capital Gains Tax and read the FAQs.

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All information is for guidance, and we'd strongly recommend you speak to an independent specialist and maybe take financial advice before deciding. As mentioned above, M&S has partnered with WEALTH at work to help you make these decisions, so please join the sessions if you are looking for expert help.

By giving an instruction on the Share schemes website, you are confirming that you're aware of the possible impact of CGT and acknowledge that it is your responsibility to report the gain and pay any tax due accordingly.