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Making the most of tax breaks

'...while the tax breaks from most work-based share incentive schemes are generous, they're not always the best option, said Alison Paul, trust and tax partner with Turcan Connell in Edinburgh. She advises taking independent financial advice when considering a scheme.

"Think about your cash flow, as to some extent you're using your cash to buy shares. Also look at your other tax liabilities. The tax breaks are generous, but be aware of any issues that could be raised when you exercise your options." '
 

To read the full article by The Scotsman's Personal Finance Editor, Jeff Salway, click here.