They are worth doing, however as with all shares there is no guarantee. Over the 21 yrs I was with LTSB I did many sharesaves once they started and ended up with about 25k of shares. Lovely! However I kept hold of the shares and they are now worth less than 50p each. Far far less than I paid for them even with the sharesave scheme and definitely a LOT less than what they were worth a few years agoQuite simply, as said above you just can't lose. I've been doing these for the last 10years and now, every Nov one of the funds matures, only twice have a taken the cash as the option price was more than the current value at the time, however, you get it back because the next option is, of course, based on the lower value.
Best option I ever got was shares at 58p, saved £95 a month for 5 years, after taking into account the end of term bonus I ended up with 13,000 shares which are currently worth £1.80 a share. So in effect I saved up £5,500 (roughly) over 5 years (something I simply would never have done) and ended up with shares worth £20,000 roughly.
I have never sold them and twice a year a receive a dividend chq anywhere from £400 - £700)
They are worth doing, however as with all shares there is no guarantee. Over the 21 yrs I was with LTSB I did many sharesaves once they started and ended up with about 25k of shares. Lovely! However I kept hold of the shares and they are now worth less than 50p each. Far far less than I paid for them even with the sharesave scheme and definitely a LOT less than what they were worth a few years ago
However I'm going to hold onto them and keep my fingers crossed.
And I will be doing another sharesave with my new company this year.
Also I'ts tax free as it taken from your wages before tax...............great if your earning hit the 40% tax band.
and remember capital gains tax if it goes well
i was well and truely shafted
Also I'ts tax free as it taken from your wages before tax...............great if your earning hit the 40% tax band.
I still can't believe this is foolproof. Your buying shares right? they can go up or down even collapse.
What am I missing here? How is it possibly you can't lose money?
Seen too many people lose money on company share schemes. This seems to good to be true.
Ah right so basically there is no risk, unless you choose to buy shares at the scheme end after which there is the risk as the shares may perform badly.