-
what are the shares in? it's an employment related scheme or something else?
-
An option to buy shares that is out of the money is normally worth nothing, so taking the cash would be sensible. If you would be taxed at your marginal rate on the cash but not on the shares that might be a factor. You would get taxed eventually but at a time of your choosing - eg when you take half a year off to go for the round the world record.
A stocks and shares ISA is virtually identical to a SIPP - just a different legal framework. You can hold pretty much the same investments in either (with some exceptions) - funds, shares, etc.
Most SIPP providers will also have an ISA. eg I use Iweb and they are just two different sections in my account. I pay a quaterly fee for the SIPP but there isn't any specific fee for the ISA, just commission, etc. Other brokers fee structures vary, comparision table here:
https://monevator.com/compare-uk-cheapest-online-brokers/
You are reading a single comment by @hippy and its replies.
Click here to read the full conversation.
ChasnotRobert
frank9755
@hippy
I've got some kind of share save scheme maturing soon.
I can take the cash, which I presume will immediately be cut in half due to tax.
Or I can use the savings to buy the shares (which currently are worth less than the option price, but about the same price for all intents)
What would you do and why? I'm erring towards taking the cash, simply because I can't buy beer with shares but then maybe longer term shares might be a better idea? Although the trend for the shares has been down since maybe 2015.