Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Thu, 19 Dec 2024 14:16:14 GMT by San Smith
I have two SAYE schemes, with the same employer, ending on 1st Feb. I plan to transfer the shares in specie into my SIPP. I understand the steps will be- -exercise my options and purchase the shares -Move the shares into my Global Nominee account with the Share scheme administrator -Transfer the shares into my Fund and Share account with my SIPP provider -Request a transfer from my Fund And Share account into my SIPP I will have no control over how quickly all this happens and understand share transfers can take four weeks plus. Questions:- 1.will all these transfers be free from CGT? 2.If I ask for the shares from one scheme to be transferred into my SIPP in the 24/25 tax year and the second scheme in the 25/26 tax year, are both transfers still exempt from CGT? 3.If either of the transfers are subject to CGT what is my base cost, assuming the transfers are completed within 90 days of the schemes ending? Is it the price I paid for the shares, or the market value on the day I purchased them? 3.Will the SIPP provider be eligible to claim tax relief at 20% on the value of the shares transferred in?
Posted Tue, 07 Jan 2025 11:16:42 GMT by HMRC Admin 19 Response
Hi,
You can see guidance here:
Tax and Employee Share Schemes
Thank you.

You must be signed in to post in this forum.