Not sure if this may be company specific, but any general advice would be great.
We were given notice that our site will close in 18 months, as such by Dec 2016 we'll be out of a job. I'm no overly concerned at all with that aspect.
What I'm wondering is, is there a general rule of thumb about shares pre termination?
Prior to redundancy, do you get offered the shares as cash at market price, or offered the shares locked into the scheme?
If they are tax free, is it a good idea to buy more shares now, and hope the price is the same or more in 18 months, to cash in tax free?
Our company offers buy 1 get 2 free on max £40 PM, but allows upto £250pm to be bought into shares (£210 to buy single shares)
Has anyone experience of this?