If you're earning £60k (marginal tax rate 40%) and get a pay rise to £80k, you will pay an extra £8,000 in tax and only get to keep £12,000 of your £20k increase.
On the other hand, UK Capital Gains Tax (CGT) is 18%, with a tax free exemption of £10,100. So, if you earn £60k and sell shares for a £20k profit, you pay tax of £1,800, ie you get to keep £18.2k of the £20k. (see HMRC)
But maybe this will change in the June 22nd budget?
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