SAYE savers urged to visit IFA for CGT advice

ifs ProShare says the new tax regime could negatively affect over 270,000 save as you earn (SAYE) employee shareholders, roughly 16% of those participating in the schemes. Under old CGT rules, basic rate taxpayers who hold shares in their employer for two years or more would pay 5% tax. However, new rules which come into force in April mean they would be forced to pay an additional 13% on any gains over £9,200, according to ifs ProShare. Fiona Downes, head of employee share ownership at ifs ProShare, says many companies are not able to give their SAYE participants a proper advice serv...