We don't currently have a specific drop down to enter a Save as you earn scheme, also known as sharesave schemes, so to set up this scheme you could use the Company Share Option Plan (CSOP) in the new Stock Grants section alongside a savings account.
Summary of how to set up a Sharesave scheme
- Set up a Company Share Option Plan with all shares vesting and being exercised in 5 years’ time.
- Set up a savings account to collect after tax contributions of £x per month. Put a withdrawal limit event on it to say only use ‘Scheduled Only’, so it isn't used for other items in the plan.
- Set up a Planned withdrawal to use this saving account when the shares need to be purchased.
- There’s CGT assessed on sale of share options (liquidation) in Voyant and no income tax if CSOP is selected and vested within 10 years.
Step by step guide
- From the Dashboard - + button - select Savings & Investments and Stock Grant.
- Set up the details in the Basics screen selecting Company Share Option Plan (CSOP) in Grant Type.
- Set the appropriate vesting year under Future Vesting. In this example, this will be in 5 years’ time from grant date (but you can change as needed). This means 300 shares will vest in 2031.
- Keep Exercise screen defaults as shown below, so that the shares are bought when they vest and the money to buy them will be taken from the plan. This means that the shares will be exercised in the year they vest, which in this example is 2031. They will be bought for the exercise price which is set in the Basics Screen.
- Click Done to save this Share Option
- Now you can set up a savings account to save up for the sharesave option purchase. I set up 300 shares with an exercise price of £100, so to I’ve created a savings account with £500 per month going in (500 x 12 x 5 = £30,000) which meets (300 x £100 = £30,000 share purchase in 5 years’ time). Contributions are for 5 years only, set this up in the Timings screen. 0% interest.
Timing of contributions is only prior to vesting of the share options:
- Set the Withdrawal Limit of this savings account to Scheduled Only. I.e. money can only be withdrawn if instructed by a Planned Withdrawal (as unless leaving the company these funds can’t be accessed until 5 years’ time)
- Then set up a Planned Withdrawal of All Available in the year of the sharesave maturity to pay for the sharesave scheme. This is in 5 years’ time:
Align the Timing of the Planned Withdrawal to the year the shares exercise:
- So in Year View £30k is withdrawn from the savings to pay for the sharesave shares
And they cost £30k which you can see in Year View - Expenses:
- See the purchase of 300 shares in Year View by clicking on the Sharesave account under Investments. Below 300 shares are exercised at the strike price of £100 per share. This is why 300 x £100 = £30,000 is an expense in the expenses tab above.
The current share price is shown, which determines the EOY balance. 300 shares with an end of year share price of £132.86 is a total of: 300 x £132.86 = £39,858. This corresponds to the End of Year Balance.
Check in the Assets chart – Details and select the sharesave cash savings and the sharesave stock option accounts only.
You can see the jump up in value when the savings account is used to purchase the shares, as the value of the shares in that year is projected to be higher than the purchase value. (This is set in the Growth rate section of the Share option).
Dark blue is the cash savings and light blue is the share value.
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You also have the option of keeping the cash account in the plan as is and deleting the CSOP to show what would happen if there sharesave vested, but they did not exercise them i.e. they took the cash back. To set this up in a What If scenario delete the Share Option and change the Withdrawal Limit on the savings account, so the account can be accessed 'As Needed' after the share options event as shown below:
- Note for share grant 2026, which is vesting in 2031, set an event in 2031 to do the Contributions/ Planned Withdrawal etc.
Scheduling a liquidation event
To take money out the the share scheme account go to the Sharesave entry and choose Liquidation settings.
Share options will, currently, not be used in the plan, unless you instruct a liquidation.
To schedule a withdrawal from the account, navigate to the Liquidation section and follow these steps:
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Select Liquidation Type. Choose one of the following options:
Number of Shares Remaining (Recurring)
All Available
Fixed Amount (Recurring)
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Define when the liquidations start in Liquidation Event:
Select an existing event on the timeline (e.g. "Retirement").
Or Double-click anywhere on the Timeline to create a new event.
Enter Withdrawal Details: Input the specific number of shares or the fixed amount you wish to liquidate each year.
If you would like to vary the withdrawal use Steps,