I was just about to sign up when I spotted this in the Ts & Cs:
Remember, tax legislation can be changed by the Government, and the rules that apply today may be different when you come to exercise your option or sell your shares.
Good point. Labour are going to win this election, and they've promised not to touch income tax, which means they'll be looking for other things to tax. Would anyone in their right minds think that sharesave schemes aren't prime candidates? Brown might not tax the hell out of this at some point in the next three years, but the risk seems to me to be very high.
Sharesave schemes are good in all sorts of ways: they're a form of saving; they're easy risk-free investment for the working classes; they give employees the opportunity to exert control over their companies and to share in their companies' profits; they give people, including those on low wages, nice big fat lump sums; they give companies a good way of raising funds from their employees without ripping them off. They're just plain good. And here I am, worried about joining one because I am all too aware of our "prudent" Chancellor's record. If his actions have been so good for the economy, then how comes they are discouraging me from taking action that would be good for the economy?