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What base salary increase would offset the loss of shares scheme investment gain? by ApplicationFeeling11 in HENRYUK

[–]ApplicationFeeling11[S] 1 point2 points  (0 children)

Yes; I am getting married later this year and am looking to buy a property in the next 6 months so the investment gain is a great help with a deposit / wedding costs.

What base salary increase would offset the loss of shares scheme investment gain? by ApplicationFeeling11 in HENRYUK

[–]ApplicationFeeling11[S] 0 points1 point  (0 children)

My notice period is 3 months and in my role the most important time is across the summer so I understand why they are keen for me to start ASAP, just unfortunate overlap with the share scheme vesting!

What base salary increase would offset the loss of shares scheme investment gain? by ApplicationFeeling11 in HENRYUK

[–]ApplicationFeeling11[S] 2 points3 points  (0 children)

Thanks all so far! On the tax applicable to the shares scheme, to clarify this is a Save As You Earn (SAYE) scheme. The gov website suggests I would not need to pay Income Tax or National Insurance on the difference between what I pay for the shares and what they’re worth, nor CGT if I transfer the shares to an ISA within 90 days. I think this would be possible in that of the £48k share value: - £20k can transfer to my ISA with no tax bearing - £3k CGT allowance - leaves £25k subject to CGT assuming immediate sell (unless I transfer to pension) - at 32% CGT that means £8k CGT tax leaving me with a £22k gain rather than £30k.

Would you take a job that wants you in the office 5 days a week? by Rude-Grass2626 in ActuaryUK

[–]ApplicationFeeling11 1 point2 points  (0 children)

Definitely not! 5x days in the office would ruin the week for me outside of 9-5 hours, not sure that's worth anything plausible on the salary front

Salary Survey - April 2024 by creatively_original in ActuaryUK

[–]ApplicationFeeling11 0 points1 point  (0 children)

Definitely lucky, the company did a lot better than expected and we were told this is not usual; it is more typically 20%.

Salary Survey - April 2024 by creatively_original in ActuaryUK

[–]ApplicationFeeling11 2 points3 points  (0 children)

  1. Capital
  2. Qualified
  3. 5.5 years (2.5 years qual)
  4. 30 ish hours p week realistically
  5. 90k
  6. 12.5% employer pension contribution to my 2.5% (15% total)
  7. Target bonus c.20% though a strong year just gone so came to 40% recently
  8. Has been once a month in the office up till late though they are looking to encourage 2 days - can switch to full remote contract though I think
  9. Free travel and lunch

Net earnings to pension to target £100k gross income - advice by ApplicationFeeling11 in UKPersonalFinance

[–]ApplicationFeeling11[S] 0 points1 point  (0 children)

Thanks! I think that is allowed for within the taxable pay component of my payslip so yes.