April 5, 2020

ESS: Executive Share Schemes COVID-19 Impacts

The share market is nothing short of a roller coaster ride and investors are holding on tight. When it comes to mining and resources companies some share prices are holding their own so far, but others are well down.

So, what does this mean for Executive Share Schemes (ESS)? How would your personal wealth and tax liability be affected if the value of your vested shares was to fall and what would it mean if the current COVID-19 event resulted in you being made redundant?

We strongly recommend you seek advice, but in the meantime, here is an article we prepared a while ago that addresses these scenarios.

If you have any concerns, please contact us by calling 07 3007 2000 or emailing contact@resourcesunearthed.com.au.

Resources Unearthed is a solutions hub that provides integrated financial, business and legal services for executives, professionals and business owners in the mining and resources sectors.

Stratus Financial Group and its advisers are Authorised Representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306. This information does not consider your personal circumstances and is of a general nature only. You should not act on it without first obtaining professional financial advice specific to your circumstances.


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