AmazongYLH88

RSU UK Tax :(

I just realised my RSUs are taxed 50% ish so when, say, 20 RSUs vest I only actually get 10. Looking at Glassdoor, it says Google Software Engineer base = 63k, cash bonus = 9k and stock bonus = 23k. Base = 45% tax rate Cash bonus = 45% tax rate? Stock bonus = 50% tax So you are left with: (0.55*63)+(9*0.45)+(0.5*23)=50.2k net instead of 61.7k net (as I didnt realise RSUs were taxed 50%). And this is in a top tier paying role? W - T - #! :(

LinkedIn Cjqc41 Mar 12, 2020

You don’t like the NHS?

Amazon gYLH88 OP Mar 12, 2020

Lol

Google C0d3h4rd Mar 12, 2020

Death and taxes. Move to the US and you will get taxed at 25% but go bankrupt from a broken arm.

Amazon a4s3 Mar 12, 2020

+1. They charged me $300 for an elbow x Ray and a 5 min chit chat with a quarter-ass doctor (not even half ass)

New
msLK32 Oct 2, 2020

Why 0.55*63 ? Isn't 0.45*63 ? Just trying to understand your calculation.

Amazon gYLH88 OP Oct 2, 2020

Add in rent and bills for 1500 * 12 = 20k And you are now left with 30k in savings per year if you don’t eat. For a 400k flat it will take you 14 years to pay if your pay never goes up. Welcome to the UK. :(