“How are other companies managing their Executive Share Option exercises, now that we have the new 50% tax rate to deal with.<"
We are intending to assess at the point of exercise whether the individual is likely to be in the 50% bracket. If they are, we will deduct 50% plus 1% NI on the gain on unapproved options, if not, we will deduct 40% plus 1% NI.
We are not doing anything differently. If the option is unapproved the executive pays 50% tax on the value instead of 40% as previously.
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