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Ahhh that's interesting, thanks. Sometimes I can't tell if I'm reading US or UK tax advice on the web but it looks like she may only pay income tax on the share value at point of vesting and then capital gains tax on any profit.
You're correct that she gets these annually with seemingly no performance conditions attached other than a greater allocation with promotion. I wish I could go back twenty years and work for TJX!
inchpincher
@Tenderloin
One thing would be that if you haven’t cashed out the vested shares and they have made accretive gains on the price they were issued at then you would need to pay cap gains tax.
As a rule of thumb you would sell you shares on the day they vest and if you feel strongly about the potential future growth re—buy in a S&S isa rather than hold onto them. It sounds like your wife has continued to be given more rsu’s over the years which have then continued to vest. A standard would be 3-4yr vesting window with say 25% after year one and then quarterly or annually after that.
If it’s going through payroll then you might also look at putting as much through directly into pension contributions as possible as this might work out more tax efficient.