Sharesave plan - tax question

[matrignano]

I've been contributing to my company's 3yr sharesave plan which is maturing now.
Option price is well below spot so I'm due to make a decent gain.
I have 2 options: liquidate some or all shares immediately on maturity date; receive a share certificate and hold them for sale at a later date.
For some reason the dealing commissions would be ~£40 for option 1 and £10 for option 2 (when I sell).

What is the CGT treatment on this kind of plan?
If I liquidate everything at maturity, am I liable for CGT on the gain (spot price minus option price)?
How would the CGT treatment differ if I decided to keep the shares and sell at a later date?

[LC23]

You need to read the plan rules and any employee communication given to you regarding the plan. However from what you have said it sounds like a HMRC approved plan. If this is the case and it has been exercised in an approved manner there is no income tax at exercise. The gain is subject to CGT at sale. This is calculated on the difference between the sale price and option price.

[BoostMonkey]

Also you have a tax free CGT allowance of £10,900 (2013/14) a year.
I'm betting as SS scheme are usally capped you should have no tax liability at all.

[matrignano]

BoostMonkey said:

Also you have a tax free CGT allowance of £10,900 (2013/14) a year.
I'm betting as SS scheme are usally capped you should have no tax liability at all.

Yep realised that last night.
As I don't have any other investments I should be well below the allowance so no problems at all!
Will keep the shares for now as expect some more upside in the coming months.

Thanks everyone!

[V40TC]

Open an isa and transfer 15k worth into it
Then you can also sell up to cgt allowance minus the initial shares cost
Also if you have one you can transfer to spouse avoiding cgt.
So it is possible
To sell
£10900 x2 yours and spouse CGT allowance minus initial share cost.
And £15k in an ISA
If the shares increase then the isa is all tax free.