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SAYE employees - to sell or not to sell?

Thu, 07/02/2008 - 15:29

I'm actually posting this on behalf of a family friend, who is not so tech friendly as me... he has shares in his company through the SAYE scheme and is in a dither about what to do about the upcoming capital gains tax rule changes. He has built up a nice amount in shares and would like to keep hold of them but is considering selling up before April 6....

he is also worried because the company he works for (I shan't name them here, but its a big one) has a lot of workers with shares and many want to sell up before the new tax yr... he doesn't know what sort of impact this will have on the value of his shares and whether (if he does decide to sell) he should hold out until the last minute or get rid of them now?

Any views?

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