I was given employee shares this financial year. The amount the shares are worth has been pre-filled in my tax return under the income section. I have also received an Employee Share Scheme Statement with an amount in ‘F’ - discount from deferral schemes.
I still hold these shares. Have not disposed them.
Should this be pre-filled as income? Why am I paying tax on something I haven’t received?
Howdy @MsSden,
The “F” amount on your Employee Share Scheme Statement represents the discount you received on the shares due to the ESS.
Even though you haven’t physically received the benefit (i.e., you still hold the shares), the tax treatment considers the discount as income. This is because the discount itself is a financial benefit that you’ve gained, even if not realised in cash.
The reason you’re paying tax on the discount is because the tax system aims to capture the benefit you’ve received. It’s not tied to whether you’ve sold the shares or not.
Howdy @MsSden,
The “F” amount on your Employee Share Scheme Statement represents the discount you received on the shares due to the ESS.
Even though you haven’t physically received the benefit (i.e., you still hold the shares), the tax treatment considers the discount as income. This is because the discount itself is a financial benefit that you’ve gained, even if not realised in cash.
The reason you’re paying tax on the discount is because the tax system aims to capture the benefit you’ve received. It’s not tied to whether you’ve sold the shares or not.
15 Apr 2026 · 8 min read time
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