Just looking for a bit of advice on this situation.
My wife gets a yearly bonus in work that she can cash in and pay tax on, or take as stocks, but doesn’t pay tax on the value if she keeps it as stocks for 3 years. Tax would be owed on any profit the stocks could make or obviously we could loose if the stock price falls.
She can also buy extra stocks to the value of the bonus and have that money taken out of her gross salary every month for 9 months. Eg if her bonus was 5000 that’d be divided over 9 months which is 555 per month that’d be taken off her gross figure.
Now, She can’t afford to have 555 taken off her gross but I want to invest some money and could afford to give her 280 a month from my wages, which would be roughly the same as what she would be missing from her wage after tax.
Is this an efficient way to save/ invest our money. The 555 a month wouldn’t be liable for tax after 3 years so am I pretty much getting tax back on my investment after 3 years, if you can follow me?
Sorry for the complicated post! Feel free to move it to a different section or even point in the right direction if I’m in the wrong forum. Again!
Many thanks.