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SAYE: very high demand:35,000 plus employees take up offer

The latest news and discussion on Royal Mail Shares.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
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Lounge Lizard
EX ROYAL MAIL
Posts: 9458
Joined: 06 Aug 2007, 21:54

Re: SAYE: very high demand:35,000 plus employees take up off

Post by Lounge Lizard »

Spedley wrote:There are only 15,000,000 shares available. 43% reduction does sound quite high to me.

My basic calculations say that on average people applied for £93 per month, i.e. very few did not apply for the maximum £100.

Surprising how many posties can spare £100 per month from their wages!
The docket kings. :shock: :Applause
datasaint
Posts: 1541
Joined: 22 Sep 2008, 17:19
Gender: Male

Re: SAYE: very high demand:35,000 plus employees take up off

Post by datasaint »

Bloody hell, just logged onto the employee share site. I applied for maximum saving term of £100/month and it's been reduced to £59/month now.

Barely worth doing is it.
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: SAYE: very high demand:35,000 plus employees take up off

Post by RobertT »

norm wrote:Bloody hell, just logged onto the employee share site. I applied for maximum saving term of £100/month and it's been reduced to £59/month now.

Barely worth doing is it.
If you think £59 per month is hardly worth it, my £5 per week application has been reduced to £3.25.
Links to all RM pension related websites are here
Rommagic
Posts: 1467
Joined: 10 Sep 2007, 16:52

Re: SAYE: very high demand:35,000 plus employees take up off

Post by Rommagic »

RobertT wrote:
norm wrote:Bloody hell, just logged onto the employee share site. I applied for maximum saving term of £100/month and it's been reduced to £59/month now.

Barely worth doing is it.
If you think £59 per month is hardly worth it, my £5 per week application has been reduced to £3.25.

I applied for £10 a week what will it be reduced to?.
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: SAYE: very high demand:35,000 plus employees take up off

Post by RobertT »

Rommagic wrote:
RobertT wrote:
norm wrote:Bloody hell, just logged onto the employee share site. I applied for maximum saving term of £100/month and it's been reduced to £59/month now.

Barely worth doing is it.
If you think £59 per month is hardly worth it, my £5 per week application has been reduced to £3.25.

I applied for £10 a week what will it be reduced to?.
Based on mine, I assume it would be £6.50.
Links to all RM pension related websites are here