SAYE when it ends

Author
Discussion

asfault

Original Poster:

13,171 posts

193 months

Thursday 12th June
quotequote all
There is an option to transfer a finished SAYE save as you earn to an isa account. Is it literally this simple to make sure I avoid capital gains tax?
Do teh transfer and once in the Isa I could sell them without having to pay the capital gains?

As long as I havnt used my whole isa allowance for the year.

cml24

1,483 posts

161 months

Thursday 12th June
quotequote all
Pretty much as you've described.

You're work share scheme has to be an approved one, and you will need to request proof from them of this and that the shares you are transferring come from that scheme.

Also, you're isa provider will need to accept this type of transfer, I presume most do!

For me, I initiate the transfer using an online form (halifax). After a week or so they send an email requesting I think it's called my letter of appropriation, to prove the shares are of the correct type from the approved scheme. After that, last time I think it took about two weeks to appear in my account.

Then, as you suggest ypu can do what you want with them and suffer no cgt.

You have to complete this transfer no more than 90 days after the share scheme ends. So you have to start the process some time before that.