The share market is nothing short of a roller coaster ride and investors are holding on tight. When it comes to mining and resources companies some share prices are holding their own so far, but others are well down.
So, what does this mean for Executive Share Schemes (ESS)? How would your personal wealth and tax liability be affected if the value of your vested shares was to fall and what would it mean if the current COVID-19 event resulted in you being made redundant?
We strongly recommend you seek advice, but in the meantime, here is an article we prepared a while ago that addresses these scenarios.
If you have any concerns, please contact us by calling 07 3007 2007 or emailing firstname.lastname@example.org
Stratus Financial Group helps families, professionals, executives, business owners and retirees manage their complex financial affairs and coordinate their professional advisers.
Stratus Financial Group and its advisers are Authorised Representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306. This is general advice only and does not take into account your objectives, financial situation or needs, so you should consider whether the advice is relevant to your personal circumstances. You should also read the relevant Product Disclosure Statements (PDS) before making any financial decisions.