Share schemes now able to switch across into Isas

Employees in share ownership plans will now be able to move their equity holdings directly into an I...

Employees in share ownership plans will now be able to move their equity holdings directly into an Isa. This follows Treasury regulations issued last week relating to the Finance Act 2000. Under this, companies which choose to participate can gift up to £3,000 worth of shares to an employee per year. The employee can also buy up to £1,500 out of their pre-tax earnings. An employer can choose to give up to an additional two free shares for each share the employee buys. The Treasury regulations will now allow equity to be held in an Isa, however there are no indications of how popular the s...