user5001

Hi Thanks for the response. Yes they were sold immediately - so no CGT. I do not believe I have paid any ‘foreign tax’. In the break down it simply says ‘local tax’ at 59.80%. The question is what tax should I be paying - is it income tax and NI? NI was on there, at 7% or so. IC is 40% so what I am unsure of is why I have paid 58.9% tax? Fees etc are all seperate.

My company issues my RSU (restricted stock units) each year as part of my salary package (work in the UK, US company). They usually vest the next year, and I withdraw via a stock broker. I have the option when withdrawing to 'sell for taxes', so some stock is sold to pay tax the rest given to me. In April 2024, my shares vested at roughly $11.2k shares, with $6.7k sold for taxes, giving me a tax rate of 59.80% on those shares. In April 2023, my shares vested at roughly $2k shares, with $950, taxed 46.80% total. My questions are; Q1 - how much tax in % should I be paying on shares? Is 59.80% correct? What tax is it? Q2 - does CGT apply? So in 2023 the allowance was 6K, so does that mean I should of paid zero tax on the first 6k withdrawal? Thanks