Case Study B
A large pharmaceutical company were creating a new entity, by spinning off shares into a newly created company.
The stock split event entitled stock-holding employees to receive shares in the new operating company. The new shares were being paid as a special dividend, triggering a taxable event for the employees at varying levels.
We helped employees understand the tax implications and advised on the best action to take for tax mitigation purposes, if required.
Our Programme for Company B:
- 25 on-site presentations, across 5 UK locations, in two weeks.
- all employees provided with a one to one consultation to discuss their individual situation, prior to the deadline date.
- a dedicated advisor telephone line, which employees could call with questions on the tax consequences of their holdings.
- a SIPP and ISA solution was created for relevant employees.
The company were so impressed with the quality of service, advice and ability to scale this solution within a short lead-in time, they have now invited us to roll out a long term Financial Education programme to all senior executives.