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I had missed that, but still, trust a politicians word? :)
@hugo7. She works for TJX (TK Maxx) and tbh it's not (cough) her only bonus but the only one subject to CGT. The pandemic was weird because they all fell short of performance targets as the shops were shut but the share price has risen significantly because other retailers are jettisoning stock which is great for their business model. And so we became more dependant on the share options.
@andyp. Interesting stuff, thank you. I had no idea the time of vesting influences the tax position. Time for another trip to the accountant.
inchpincher-
It can get very complicated depending on the vesting schedule, i.e. if you get quarterly vests then HMRC will use an average to calculate CGT rather than the actual price at vest, as you can’t sell specific shares based on when they vested. My employer IPO’d in September and I’ve had two vesting events but can’t sell the shares yet due to a 180 day blackout period. The second tranche vested at a price that was almost three times the first vest, so the CGT calculation is almost impossible to calculate.
andyp
Hasn't Rachel Reeves recently said they're not doing that?