UK Tax Rate on option Gains

Hi,

I am currently in the basic tax rate for my pay (between £40,000-£47,000 / year)

But I have started investing with stock options over the last year. And am looking at a net gain of £60,000 on those trades for the last year.
And have some questions:

1. At what rate will the £60k be taxed? 10% as I am a basic rate with my pay. Or 20% as the £60k pushes me over?
2. If I want to start using SIPP, do the Capital Gains count towards my max yearly contribution limit? Or is it just my pay?
3. If I manage to do this constantly (make more gains with options then I get paid) will the options money at some point be seen as pay?

If anyone has had a similar situation it would be great to hear. At the moment I'm keeping 20% aside but would be good to know.

Thanks,

 

www.accountantsfortraders.co.uk

 

1. As you have earned income your options gains should be capital gains which have a separate allowance and lower tax rate.
2. No.
3. Dispute this as it should be capital gains.