I've been paying into a SIP for near on the last past year but am planning on leaving within the next couple of months. I have one more pay date to decide whether to come out of the SIP and have all my SIP payments refunded (less tax & NI) or whether to go ahead and purchase the shares and take the tax & NI hit on the value when I leave.
I'll have paid ?1,800 gross (?1,224 net) into the SIP. At the moment the value of the shares means I'd have ?1,750 net if I left and paid tax & NI on the value.
Do I compare this figure with the ?1,800 or ?1,224? 