Frank Grimes
Registered User
- Messages
- 27
Looking for a replacement scheme since my SSIA ended.
I dunno what its called, there are two schemes at work one where a bit is deducted weekly and then shares are purchased on your behalf every 6 months at a discount of 15% - its not that scheme! Its the other where your bonuses pre-income tax (which I previously took in cash, taxed at 42%) are used to buy shares with no discount, and then the shares are held for three years after which time you are free to sell, and a bit like the SSIA you are only taxed on (hopefully) any gains made.
I ama bit blinkered so need help to see the light. Am I right in thinking this scheme sounds better than the SSIA, 42% back from the gov. versus 25%? In which case, bugger! should I have been doing this alongside/instead of my SSIA?
If I did sign up for the scheme, it purchases the shares in US dollars. I notice that the euro is, is this good, bad, someting to be cautious of?
I dunno what its called, there are two schemes at work one where a bit is deducted weekly and then shares are purchased on your behalf every 6 months at a discount of 15% - its not that scheme! Its the other where your bonuses pre-income tax (which I previously took in cash, taxed at 42%) are used to buy shares with no discount, and then the shares are held for three years after which time you are free to sell, and a bit like the SSIA you are only taxed on (hopefully) any gains made.
I ama bit blinkered so need help to see the light. Am I right in thinking this scheme sounds better than the SSIA, 42% back from the gov. versus 25%? In which case, bugger! should I have been doing this alongside/instead of my SSIA?
If I did sign up for the scheme, it purchases the shares in US dollars. I notice that the euro is, is this good, bad, someting to be cautious of?