What's the tax position on shares awarded in a company scheme when you retire?
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879MikeGG1 postedWhat type of scheme was it? The name of the scheme would help. You can leave off the company name part if you wish.
There are various types of schemes with different tax treatment but they tend to use similar nomenclature according to the tax treatment.
The tax treatment should be laid out in a leaflet or booklet that you would have received.
Mike
Posted on 20 April 2012 |
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879MikeGG1 posted
If this is a Deferred Bonus Plan then usually leaving service within 3 years would cause the shares to be forfeited. Normal retirement would usually result in the 3 years being waived.
Early retirement would depend on the rules and on the employer's attitude to the retirement. For instance if retirement was reluctantly agreed to by the employer, that might cause a forfeit, but accepting an early retirement offer from the employer would probably be considered as Normal retirement.
Mike
Posted on 20 April 2012 | Love 0 loves
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