San Smith

I thought the cost price for CGT, in this instance, would be the price paid under the SAYE scheme?

Am I correct that when transferring shares from a SAYE scheme into an ISA or SIPP the tax treatment is slightly different? To an ISA is exempt from CGT, as long as transferred within 90 days of the scheme ending. To a SIPP is only exempt from CGT if transferred directly when the scheme ends. If done later than that, but within 90 days, there could be CGT if the value has increased between the day the shares are acquired, and the date they are transferred into the SIPP. Why is the treatment different?

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?