Tax on SAYE company share scheme

[abc_xyz]

My company have an approved save as you earn share scheme in operation. As far as I can figure out when the options are granted the tax situation is:

Say
option to buy share at price of €50 discounted from €60
cost/price at time option is exercised is €80
shares are sold for €90 at some later date

then

Pay USC and PRSI on €30 (€80 - €50)
Pay CGT on €40 (€90 - €50)

Is this right?

And when do they have to paid? USC and PRSI at the end of the savings period and CGT when the shares are sold?

Thanks

 

[dublin67]

No income tax on profit from exercise of grant (80-50) but you will be liable to PRSI and USC. CGT on 90-80.

SAYE are great schemes and really work. If the share price hasn't gone up you don't exercise your option and get your cash back.