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There would be some advantage to phasing cashing them out as you have an annual CGT tax free allowance but of course you would risk share price going down over that time. Mind you you could sell in March and April and be across 2 years
Tenderloin-
The problem with phasing the withdrawal is that the CGT allowance is diminishing yearly by a factor of 2 anyway, £12k this year, £6k next etc. so while it will definitely make a saving, it’s not substantial enough compared to 20% share drop. Not that I’m anticipating that (!) but the risk adverse side of us would prefer the cash to plough into the mortgage etc
@user75580 Thanks, she’s chasing HR to get some detail, it’s bonkers they’ve never given her an info pack.
inchpincher
@inchpincher
If there are two classes it may be that it is a mix of RSUs and PSUs. The only difference in my experience is the vesting schedule (split over three years, or all vesting in the third year).
With Net Benefits from Fidelity, the default tax election is net shares, which means any income tax is deducted at source and there is no requirement for declaration on tax return. I don't know the Merrill Lynch app.
As Tenderloin says, there may be a capital gain to be paid on the shares since the vesting date (not the issue date). However, there is no way to time this so you might as well take them when they are at now (unless you want to hold them in the anticipation of growth in share price). I would think there should be a tool in the app / portal that enables you to calculate the gain.