Tax position on exercising Sharesave options

[Hades]

I have a sharesave from a previous company about to expire. So I want to exercise i (I was allowed to pay in for several months after redundancy). But I am finding conflicting information about the tax position on exercising. It looks like te CGT allowance was just reduced dramatically and anything over £6k profit will be taxed.

Is this correct?

Presumably I could I exercise the full amount of shares (paying no tax?) and then only sell enough this tax year to keep inside the CGT allowance?

It looks like I may have been better off exercising before this year due to tax changes

EDIT: Nevermind, I'm going to put it into an ISA instead.

Thanks.

 

[AlphariusOmegan]

was going to recommend exercise the option then crest the shares into a stocks and shares isa, i've done that for my first set and am going to do this again this year, unfortunately however my shares this year will be over the isa limit so the excess will stay in a fund and share normal account until i can bed them in the next tax year.

 

[HangTime]

If you have a spouse (who isn't getting any capital gains from other sources) you can give them some. Effectively you get double the CGT allowance then.
When my sharesave matured I basically sold enough to give myself just under £11k gains, gave my wife the same amount to sell, and then kept the remainder (which wasn't a huge amount, was happy to keep a small holding).