Tesco shares

[gaz1234]

169 for me

[a4cabrio]

I'm buying shares at a set price of 150p, it's a buy as you earn scheme, I'm putting £150 per month into a share option for 3 years, I can either have my money back if the shares are below 150p after 3 years or I can buy the shares at 150p sell at the higher price at the time

My mrs is putting £200 per month into the same scheme but over 5 years

[Countdown]

a4cabrio said:

I'm buying shares at a set price of 150p, it's a buy as you earn scheme, I'm putting £150 per month into a share option for 3 years, I can either have my money back if the shares are below 150p after 3 years or I can buy the shares at 150p sell at the higher price at the time

My mrs is putting £200 per month into the same scheme but over 5 years

One of my kids is doing the same with Asda/Walmart Shares. You can't lose (well, apart from the opportunity cost and inflation )

[ChrisNic]

Countdown said:

One of my kids is doing the same with Asda/Walmart Shares. You can't lose (well, apart from the opportunity cost and inflation )

Tell that to the RBS staff who used to be sat on large amounts of shares having done similar things, all their eggs in one basket. Some still have them it's just they are worth somewhat less.....

[a4cabrio]

Countdown said:

One of my kids is doing the same with Asda/Walmart Shares. You can't lose (well, apart from the opportunity cost and inflation )

Hopefully a few quid on top will be earned but as you say it's no lose

[jhfozzy]

a4cabrio said:

Countdown said:

One of my kids is doing the same with Asda/Walmart Shares. You can't lose (well, apart from the opportunity cost and inflation )

Hopefully a few quid on top will be earned but as you say it's no lose

Also considering they buy them straight from their wages so before income tax.

[Countdown]

jhfozzy said:

Also considering they buy them straight from their wages so before income tax.

Not sure if that's the case tbh - I thought they were purchased after tax?

[jhfozzy]

Countdown said:

jhfozzy said:

Also considering they buy them straight from their wages so before income tax.

Not sure if that's the case tbh - I thought they were purchased after tax?

Ours (wife's) aren't, definitely taken out pre tax on her wage slips, one of the selling points in the shares documentation.

[BlackST]

jhfozzy said:

Countdown said:

jhfozzy said:

Also considering they buy them straight from their wages so before income tax.

Not sure if that's the case tbh - I thought they were purchased after tax?

Ours (wife's) aren't, definitely taken out pre tax on her wage slips, one of the selling points in the shares documentation.

Definitely pre tax.

[Countdown]

BlackST said:

jhfozzy said:

Countdown said:

jhfozzy said:

Also considering they buy them straight from their wages so before income tax.

Not sure if that's the case tbh - I thought they were purchased after tax?

Ours (wife's) aren't, definitely taken out pre tax on her wage slips, one of the selling points in the shares documentation.

Definitely pre tax.

Strange - I'll check her payslip.

[a4cabrio]

Countdown said:

jhfozzy said:

Also considering they buy them straight from their wages so before income tax.

Not sure if that's the case tbh - I thought they were purchased after tax?

My money is definitely deducted before tax

[Bree]

Just looking at my own payslip and the SAYE contributions are subject to tax. The only deduction that is made before tax is your pension, which is why it shows in the 'Payments (Taxable)' column as a credit (CR). When the scheme finishes you are not liable to pay tax and NI on any resulting profit from the sale of the shares.

[a4cabrio]

The scheme where I work is for a 3 or 5 year period, if you choose the 3 year period them your returns are subject to tax, if you choose 5 year period then no tax is paid

[Bree]

I know the scheme well, I work for them too. The 3 year SAYE does allow you to sell at the end of the scheme tax free without waiting. I think you're referring to the SIPS share, which are available after 3 years, but not tax & NI free until 5 years from the date of award.

[Countdown]

Bree said:

Just looking at my own payslip and the SAYE contributions are subject to tax. The only deduction that is made before tax is your pension, which is why it shows in the 'Payments (Taxable)' column as a credit (CR). When the scheme finishes you are not liable to pay tax and NI on any resulting profit from the sale of the shares.

That's why I assumed they were purchased out of "taxed" income. In her case when she sells them there's no tax to pay. So (theoretically) you could end up paying no tax at all if neither the purchase money nor the money from selling them was taxable.

Hope that makes sense!

[GTIR]

Leahy slags off Clarke.
https://uk.finance.yahoo.com/news/former-tesco-chi...

No mention of our Dave though. (shares bought at £1.93)

[greygoose]

GTIR said:

Leahy slags off Clarke.
https://uk.finance.yahoo.com/news/former-tesco-chi...

No mention of our Dave though. (shares bought at £1.93)

Obviously none of Leahy's actions lead to any of the problems.....

[anonymous-user]

[gaz1234]

I'm up 30% time to sell?

[photosnob]

Sold mine today. The cash will come in handy for a little venture I'm looking into. God knows if it was a smart move or not, but I won't lose sleep over it now. Brought at 187 sold at 226. I think that's acceptable for a few months and my first ever venture into shares.