I want to put my company 'save as you earn' 株 in an Isa - but it is 主張するing on paper 証明書s
- Reader has to wait for a paper 株 証明書 to 移転 SAYE 株 to Isa?
- It could （問題を）取り上げる to six weeks and they 危険 行方不明の the end of 税金 year 最終期限
My five-year 'save as you earn' (SAYE) 株 buying 計画／陰謀 with my 雇用者 円熟したd on 1 March 2024.?
The 計画／陰謀 行政官／管理者, Signal 株, told me in 中央の-February that I could make an electronic 移転 to my 指名された人 account with Hargreaves Lansdown.?
From there it said I could make 税金-解放する／自由な 移転s into my 在庫／株s and 株 Isa, using my Isa allowance for the 税金 years 2023/24 and 2024/25, inside the 90 day 支配する for SAYE 移転s.
I did this 以前 when the 計画／陰謀 行政官／管理者 was Yorkshire Building Society, but 行政 was transferred to Signal two years ago.?
However, I am now 存在 told that the only way I can receive my 株 is through a paper 証明書, and the lead time is four to six weeks before I receive it.
Time's up: Our reader's SAYE 計画／陰謀 円熟したd and they want to 移転 the 株 into an Isa - but 危険 行方不明の the 税金 year 最終期限 because they have to wait for a paper 証明書
This makes it impossible to get the 株 into my Isa this 税金 year.?
存在 unable to do this will mean I will have to 支払う／賃金 CGT on a much larger 割合 of the 株, 特に as the CGT allowance is 存在 halved from £6,000 to £3,000 in the next 税金 year. The sums of money 伴う／関わるd are several tens of thousands.
Helen Kirrane of This is Money replies:?Save as you earn is a?貯金-関係のある 株 計画／陰謀, where a company's 従業員s agree to buy 株 with their 貯金 for a 直す／買収する，八百長をするd price.
They can save up to £500 a month under the 計画／陰謀, and at the end of the 称する，呼ぶ／期間／用語 (usually three or five years) they can use the 貯金 to buy 株.
Signal 株 is managed by Link Group. It is a 壇・綱領・公約 which 許すs?従業員s and 株主s to 接近 their company sharesave 計画／陰謀s, whether that is an 投資 in their own 指名する, or a 株 計画（する） which they are a member of.
Some, but not all, sharesave 計画／陰謀s 要求する that the 株 are 問題／発行するd 直接／まっすぐに to the 株主's home 演説（する）／住所 経由で a paper 株 証明書 when they 円熟した. Unfortunately, your 株 計画／陰謀 with Cranswick is one of these.?
Once you receive your certifica te, you will be able to 移転 some or all of your 株 into an Isa.?
There is a 90-day window to 完全にする this, and the receiving Isa provider will 普通は 要求する a 'letter of （資金の）充当／歳出' from Signal 株, which authenticates when the 株 have come from the sharesave 計画／陰謀.
I asked two 投資するing 専門家s for their advice on your 状況／情勢.??
株 this arti cle
Max Farar of Hargreaves Lansdown replies: I 高く評価する／（相場などが）上がる that this is a hugely 失望させるing シナリオ, and one I'm afraid that could cost you in lost 税金 利益s.
Over 95 per cent of 株 貿易（する）ing is in the 数字表示式の world, and it's ますます rare for save as you earn 株 to be 問題／発行するd 経由で 証明書, which has a big 衝撃 on the 速度(を上げる） and efficiency of 過程ing.
Special 支配するs 適用する to SAYE 計画／陰謀s that mean you can move your 株 into an Isa without having to worry about 資本／首都 伸び（る）s 税金.?
You have 90 days from the date of 成熟 to do this. Therefore the fact that CGT is 減少（する）ing from £6,000 to £3,000 on 6 April will make no difference if you're able to 避難所 your 株 within the 90-day period.
So even if Signal 株 takes four to s ix weeks to 問題／発行する and send a paper 株 証明書, you'll still be within the 90 day period.
However, the problem arises if your 株 are 価値（がある） more than £20,000. 普通は you'd only be able to 移転 up to £20,000 into an Isa, but since your 90-day window またがるs two 税金 years, you're 潜在的に able to 移転 up to £40,000 価値（がある） of 株 into your Isa, using the allowance for 税金 year 2023/24 and 税金 year 2024/25.
This is where it's important that Signal gets you your paper 証明書 ahead of 5 April, so you can use your Isa allowance for both 税金 years. If you 行方不明になる the 最終期限 at midnight on 5 April, you'll be too late to use this year's Isa allowance.
It seems 不公平な to penalise you and your 同僚s in the SAYE 計画／陰謀 予定 to an 行政の change 中央の-way through the 称する，呼ぶ／期間／用語.
The 過程 of transferring SAYE 株 outside of the 90-day period, from a 証明書 or general 投資 account into an Isa, will mean the 在庫／株 has to be sold and repurchased in the Isa wrapper.
The sale 処理／取引 will result in you 存在 liable for CGT on any 伸び（る） you make that 越えるs the 年次の CGT allowance (£6,000 for 2023/24, halving to £3,000 in 204/25). If you're a basic 率 taxpayer, you'll 支払う／賃金 10 per cent, if you're a higher or 付加 率 taxpayer it's 20 per cent.
A spokesperson from Link Group, which manges Signal 株 replies: We do everything we can to get the necessary 文書s to 株主s as quickly as possible.
The real 問題／発行する with the 過程 茎・取り除くs from the 産業-wide need to use paper 証明書s, as 始める，決める out in the 存在するing 支配するs under the Companies 行為／法令／行動する.
For years now, we've been at the 最前部 to digitise the UK's 株主 解決／入植地 system and 除去する paper 証明書s, which will 意味ありげに 簡単にする and 速度(を上げる） up the 過程 for all 伴う／関わるd.
Helen Kirrane of This is Money replies:?Though the 支配するs could change in 未来, it seems that for now your only 選択 is to hope that Signal 株 gets your 証明書 to you in time for the end of the 税金 year.?
Our 接触する with them unfortunately didn't bring any 約束 from Signal of a 潜在的に quicker 決意／決議, so we wish you the best of luck with this.?
As your 株 are 価値（がある） more than £20,000, it unfortunately means that you could be liable for 税金 if you can't 完全にする the first 移転 before that 5 April 最終期限.?
Hopefully the archaic paper 証明書s system is on its way out, and those like yourself in 従業員 株 計画／陰謀s won't have to を取り引きする this 失望／欲求不満 for much longer.?
