Are you aware of the potential value of your shares and Capital Gain?
Do you want to sell or keep the shares?
Choices 1 & 2 may be best for you.
NB. If you continue to hold shares the value of them could fall and you may not get all your money back or it could increase and your gain is now above the CGT tax free allowance.
Choice 1:
Buy shares at the discounted share price and transfer them to Marks and Spencer Share Service (Share Service). From here you can transfer to your Spouse / Civil Partner or transfer to an ISA (that isn’t an EQi ISA).
This transfer to an ISA has to take place within 90 days of buying the shares to avoid a CGT liability.
Any future sale from your Share Service Account will have a CGT liability if you have a Capital Gain that is greater than the CGT tax free allowance.
Choice 2:
Buy shares at the discounted share price and transfer them to an EQi Flexible Stocks and Shares ISA (EQi ISA). This transfer has to take place within 90 days of buying the shares to avoid a CGT liability.
Is your potential Capital Gain (together with any other investments you have sold during this tax year) more than the Capital Gains Tax (CGT) tax free allowance of £3,000?
This will mean that you’ll pay CGT, find out more about CGT.
Do you still want to sell your shares and pay CGT?
NB. Any CGT liability will need to be paid directly to HMRC through self-assessment.
More information on how to do this is in the FAQs.
Would you like quick access to your sale proceeds by giving one instruction via the Share Schemes Website?
Key dates including the sale dates for instructions given via the Share schemes website are on the Share Schemes Microsite.
NB. Any sale may take more than one day to complete which means a delay to you receiving your sale proceeds.
Would you like quick access to your sale proceeds by giving one instruction via the Share Schemes Website?
Key dates including the sale dates for instructions given via the Share schemes website are on the Share Schemes Microsite.
NB. Any sale may take more than one day to complete which means a delay to you receiving your sale proceeds.
Would you like quick access to your sale proceeds by giving one instruction via the Share Schemes Website?
Key dates including the sale dates for instructions given via the Share schemes website are on the Share Schemes Microsite.
NB. Any sale may take more than one day to complete which means a delay to you receiving your sale proceeds.
Choice 3 may be best for you.
Choice 3:
Buy shares at the discounted share price and sell them using the Share Sale Service.
Choices 1 & 2 may be best for you.
NB. If you continue to hold shares the value of them could fall and you may not get all your money back or it could increase and your gain is now above the CGT tax free allowance.
Choice 1:
Buy shares at the discounted share price and transfer them to Marks and Spencer Share Service (Share Service). From here you can transfer to your Spouse / Civil Partner or transfer to an ISA (that isn’t an EQi ISA).
This transfer to an ISA has to take place within 90 days of buying the shares to avoid a CGT liability.
Any future sale from your Share Service Account will have a CGT liability if you have a Capital Gain that is greater than the CGT tax free allowance.
Choice 2:
Buy shares at the discounted share price and transfer them to an EQi Flexible Stocks and Shares ISA (EQi ISA). This transfer has to take place within 90 days of buying the shares to avoid a CGT liability.
Choice 1 may be best for you.
Choice 1:
Buy shares at the discounted share price and transfer them to Marks and Spencer Share Service (Share Service). From here you can transfer to your Spouse / Civil Partner or transfer to an ISA (that isn’t an EQi ISA).
This transfer to an ISA has to take place within 90 days of buying the shares to avoid a CGT liability.
Any future sale from your Share Service Account will have a CGT liability if you have a Capital Gain that is greater than the CGT tax free allowance.
Jargon buster
Capital Gains Tax
A tax on the profit you make from the sale of shares.
Share Service Account
An electronic account to hold your shares.
Share Schemes Microsite
A web page full of educational information relating to the maturity.
Share Schemes Website
This is where you can view your Sharesave and give your instruction. Accessible here - Share Schemes Website
Share Sale Service
Service offered by Equiniti Financial Services Limited where you can sell your shares by giving an instruction via the Share Schemes Website.
Important
None of this is financial advice and is guidance only. It is for you to explore what the best choice may be for you, see the FAQs and book onto a WEALTH at work session to find out more.