Share purchase as part of a new job
Discussion
Hi All,
I'm in the latter stages of a job application process, and I've been reading through the perks of the package, which appear to include a couple of share purchase options.
1 appears to be buying shares at a discounted rate, and then the company double whatever you buy, with a maximum purchase of £150 PCM.
My understanding is these purchases occur prior to paying tax, and as the new role would be at the 40% tax band, it seems silly not to make use of things like this (much like making the maximum pension contributions of 5%, with the employer paying in 10%).
Am I being blind&stupid , or is this absolutely something I should do if we can afford it?
I'm in the latter stages of a job application process, and I've been reading through the perks of the package, which appear to include a couple of share purchase options.
1 appears to be buying shares at a discounted rate, and then the company double whatever you buy, with a maximum purchase of £150 PCM.
My understanding is these purchases occur prior to paying tax, and as the new role would be at the 40% tax band, it seems silly not to make use of things like this (much like making the maximum pension contributions of 5%, with the employer paying in 10%).
Am I being blind&stupid , or is this absolutely something I should do if we can afford it?
conanius said:
Hi All,
I'm in the latter stages of a job application process, and I've been reading through the perks of the package, which appear to include a couple of share purchase options.
1 appears to be buying shares at a discounted rate, and then the company double whatever you buy, with a maximum purchase of £150 PCM.
My understanding is these purchases occur prior to paying tax, and as the new role would be at the 40% tax band, it seems silly not to make use of things like this (much like making the maximum pension contributions of 5%, with the employer paying in 10%).
Am I being blind&stupid , or is this absolutely something I should do if we can afford it?
Hi everyone, Had a verbal offer today and looking like we may well take it. Would be great to know thoughts on the above prior to accepting. I'm in the latter stages of a job application process, and I've been reading through the perks of the package, which appear to include a couple of share purchase options.
1 appears to be buying shares at a discounted rate, and then the company double whatever you buy, with a maximum purchase of £150 PCM.
My understanding is these purchases occur prior to paying tax, and as the new role would be at the 40% tax band, it seems silly not to make use of things like this (much like making the maximum pension contributions of 5%, with the employer paying in 10%).
Am I being blind&stupid , or is this absolutely something I should do if we can afford it?
I got the maximum purchase wrong, and it was actually £125. By using salary calculator it looks like it costs £75 PCM for £250 of shares. This seems to be a total no brainer. Right?
Whats the deal with selling the shares, is there anything to stop us selling every 12 months?
Jockman said:
So does my old car company - Aston Martin - indeed, it's regularly at *1 or *2 on the list. Would I invest in them? Nope.
I use up my son-in-law's EADs allocation through Airbus and it is definitely 5 years before they can be withdrawn tax free. But, hey, it's his tax bill
Once things have sorted themselves out you'll see its one you'd invest in I use up my son-in-law's EADs allocation through Airbus and it is definitely 5 years before they can be withdrawn tax free. But, hey, it's his tax bill
I won't be naming the company till I start... if I take it ! Jimboka said:
Sounds like a scheme I'm in. The 3 & 5 year rules as mentioned before are there, but seems a good thing.
Sure shares can crash but £75 a month for £250 worth is a sound investment IMHO
This is my thought. £75 a month could go on beer or smokes for some people, we don't drink or smoke, so its a 'free' risk. If the company has crashed so badly we've lost our initial investment... I think I'll be more worried about my job !Sure shares can crash but £75 a month for £250 worth is a sound investment IMHO
Gassing Station | Finance | Top of Page | What's New | My Stuff