RE: Questions on BT2 Feb 2022 19:50
"I actually cashed out of a sharesave scheme DT, during my employment. Companies and HMRC limit the maximum amount you can invest in sharesaves, which are often over 3 or 5 years. Like a lot of people in sharesaves, I'd taken the maximum allowable amount of investment in a scheme, and two thirds of the way through the shares had fallen well below my discounted price. A new sharesave was coming up, and I wanted to ditch my existing scheme to allow full investment in the new discounted scheme, so I cashed in the current scheme, used the cash to buy shares on the market at the current price, and entered the new scheme as soon as it became available. It was a no brainer at the time, as I collected as many shares via the open market, with the cash recovered from the existing sharesave scheme, even though it was less cash than I would have invested through the scheme; And it allowed me to invest in the new scheme."
Different 8ndustry but have done exactly the same myself, makes perfect sense after a 'cheap' scheme offer.