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Depends on the scheme. I was even allowed to vest mine early when I left BT and latterly Reed Elsevier - I even get to pump another 6 months into the Elsevier one. My options at 4.10 REL is currently 7.65

What you don't get is the insane tax liability on worthless shares which the USA has. In the UK you only pay tax on a gain -after subtracting your Capital Gains allowance



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