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Colin Lewis

How to cut tax if you have an employee share plan

Don’t assume the taxman won’t come knocking – this is how it works and what you can do to soften the blow.

Colin LewisContributor
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If you received shares that vested under a tax-deferred employee share scheme (ESS) this financial year, you may need to include their value in your 2024 tax return.

Take Wilma, who participated in the Pterodactyl Airlines Employee Share Plan (PAESP).

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Colin Lewis is head of strategic advice at Fitzpatricks Advice Partners.
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    Original URL: https://www.afr.com/wealth/personal-finance/how-to-cut-tax-if-you-have-an-employee-share-plan-20240617-p5jmje