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Selling shares
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Chelseablue
- Posts: 2135
- Joined: 19 Aug 2013, 14:33
- Gender: Female
Re: Selling shares
Sold ours too , happy days . Worried that the good vibes not gonna last , shops now open , badly planned revisions , b and h on increase again esp reg lapsing recently , just my rubbish opinion
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Pharox
- Posts: 151
- Joined: 23 Jun 2011, 16:18
- Gender: Male
Re: Selling shares
The 'Free' shares we got became tax free in Oct last year. Now, if I decide to sell the shares now, will the proceeds be put directly into my bank (minus the dealing fee) like the dividend is or will it go into my wages, like they did before when I sold some (I paid tax/ni)?
Thanks
Thanks
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aiden01
- MAIL CENTRES/PROCESSING
- Posts: 7001
- Joined: 27 Feb 2013, 21:43
- Gender: Male
Re: Selling shares
Sold some in june last year went staight into my bank account. although i didnt pay any tax or ni.Pharox wrote: ↑05 Jan 2022, 20:32The 'Free' shares we got became tax free in Oct last year. Now, if I decide to sell the shares now, will the proceeds be put directly into my bank (minus the dealing fee) like the dividend is or will it go into my wages, like they did before when I sold some (I paid tax/ni)?
Thanks
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RobertT
- EX ROYAL MAIL
- Posts: 6608
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Re: Selling shares
It will only go through wages if there is income tax and NIC's to pay.Pharox wrote: ↑05 Jan 2022, 20:32The 'Free' shares we got became tax free in Oct last year. Now, if I decide to sell the shares now, will the proceeds be put directly into my bank (minus the dealing fee) like the dividend is or will it go into my wages, like they did before when I sold some (I paid tax/ni)?
Thanks
As we've now had all the free shares for at least 5 years, there is no tax/NIC's to pay and the proceeds should go straight into your bank account.
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