Tax withholding on shares works out to be 53% of the gross value of the shares (before fees / deductions, so more like 55-58% if it is applied post-fees)... does that sound right? Is it the higher rate income tax and additional National Insurance?
That seems high to me, from experience of vesting RSUs and PSUs on a tax election of net shares. Fairly sure the tax rate was around 45%.
@t-v started
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Tax withholding on shares works out to be 53% of the gross value of the shares (before fees / deductions, so more like 55-58% if it is applied post-fees)... does that sound right? Is it the higher rate income tax and additional National Insurance?