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Velocio
@t.o.
I am not an expert, and more info might be needed by an expert to tell you definitively.
It sounds high to me, but there are lots of variables. I suspect a NASDAQ listed co’s stock option scheme is “unapproved” from a UK perspective. So it might get no tax relief. If it is all taxed as income, and not part of any approved tax efficient scheme, it might be 45% lost to tax plus national insurance contribution, which I think is 2% on the employee. As to where the rest of it has gone:
1) I vaguely remember there is one scenario where an employer can push employer’s NICS onto the employee, I can’t remember if this is that scenario.
2) have they deducted a “buy in” price from it? IE did the option have a value when you obtained it, that you didn’t pay for at that point but are paying for now, on exercise?
More importantly, is 42-45% of an amount still enough for a field?