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Share ownership changes could offer ISA opportunity

The new share ownership arrangements enable employers to give employees up to £3,000 of shares each year free of tax and National Insurance. In addition, employees will be able to buy partnership shares out of their pre-tax salary up to £1,500 a year free of tax and National Insurance and employers can give employees two share for every one partnership share they buy. When the employees subsequently dispose of the shares they will be looking for a tax effecient home for the proceeds and could, of course, consider investment of part of the proceeds into an ISA or even a Stakeholder pension.

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Auto-enrolment: pay attention or pay the price

By Simon Fletcher

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