Genuine share mug itt....
I will be shortly getting a decent chunk of shares as part of a redundancy package, if i take them as cash right away i get it free of tax and NICO. I have always fancied dabbling with shares though and i have the option of keeping the shares and transferring to a broker. However, if i then trade them or keep them and then make a profit or later take the money out i will have to pay tax and NICO. Any advice? Should i just take them now free of tax and buy shares in another company or two?
I don't even Know where to start with shares. How do i access my account, do i need a broker, do i need to set up an e wallet for shares? Is it best to have a shares ISA.?
Any help and advice happily received
Thanks
Are your company providing financial advice on the options. Sounds very complicated. I think its better to seek an IFA if in doubt.
http://www.unbiased.co.uk/Thanks. No they are not providing advice. Reckon i will just take the cash tax free and pay it off the mortgage.
Tax free cash is always sweeter and I think it was discussed earlier in thread but personally I would pay off debt before saving so a chunk off the mortgage would be best option (if a little boring!).
Author