o/t its exam day the morn

Still got my degree. Don't know if you can spell degree let alone get one....

 

You are a **** Jack...

 

nasty word again , keep it civil or go away

 

Where would you wish me to go?

 

Now then......

I pay into a sharesave at work. £150 each month over 3 years, totalling £5400.

Bought the shares at about £12.40, currently standing at £32.20. I will be cashing out soon (ish), am I right in thinking anything over 10k profit and its 40% tax? If so, how do I get round that?

 

have you been buying them at £12.40 fixed over the term?

 

Yep

 

you sould be ok then, i make that a profit of £8622 (435 shares), capital gains tax allowance is £10600, so unless you have made other capital gains????

then you wont pay tax on in, capital gains is 18% for basic rate and 28% for higher rate and additional rate tax payers

You need to check though wether its 100% shares or part cash savings you've been doing as it can make a difference, only slightly