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. All news and discussion on Daniel Kretinsky's full takeover of Royal Mail.
I myself have over 800 'free' shares from when the company started to go down the shi**ter and I think as it stands they are worth £2k or so.
I am thinking worse case scenario now if the company goes into administration and they become worthless, I can't believe I am even asking the question what a shower of tw@ts the greedy w@nkers are
Maybe when it all comes out in the wash, a leaner IDS without the drain of an unworkable royal mail will see a higher share price. It's going to be messy and volatile in the meantime though. It does now seem very forward thinking and convenient that they changed the company name from Royal Mail to IDS last yr. Makes it much easier to get rid of Royal Mail now that it's not your company name.
Also depends on whether you need the money now. Personally, I'm selling. I'm looking at putting more in to cash, ISA and also fixed rate bonds held outside of an ISA. I'm leaving at 60. Just over 4 years to go and I'm looking to cash. I've hit on the idea of a fixed rate bond or two each year up to state pension age. Leaving the NRA65 until 65
Also depends on whether you need the money now. Personally, I'm selling. I'm looking at putting more in to cash, ISA and also fixed rate bonds held outside of an ISA. I'm leaving at 60. Just over 4 years to go and I'm looking to cash. I've hit on the idea of a fixed rate bond or two each year up to state pension age. Leaving the NRA65 until 65
5 yr fixes are looking increasingly tempting to take money out of shares and into cash, if you don't need the capital. 4.6% but if you don't have interest paid away it's nearer 5% compounded as opposed to dividend income which will struggle to match that reliably for more risk.
Also depends on whether you need the money now. Personally, I'm selling. I'm looking at putting more in to cash, ISA and also fixed rate bonds held outside of an ISA. I'm leaving at 60. Just over 4 years to go and I'm looking to cash. I've hit on the idea of a fixed rate bond or two each year up to state pension age. Leaving the NRA65 until 65
5 yr fixes are looking increasingly tempting to take money out of shares and into cash, if you don't need the capital. 4.6% but if you don't have interest paid away it's nearer 5% compounded as opposed to dividend income which will struggle to match that reliably for more risk.
Thats what I'm thinking. Iv'e got a 5 yr fix at 4.6%. Looking to add more as funds allow. £2,500 per bond for 4/5 yrs each time. I'm not convinced by the new pension, so want to diversify a bit. I'm tempted not to join the CDC and pay in to the NEST instead. I should be able to take that as a lump sum in the new tax year after I finish.
United trust bank now got a 5 yr fixed @4.66%. If you don't withdraw yearly and allow it to remain in account and compound it works out as 5.1% . Min of £5k. Just opened one . Bagged one of their 5 yr fixes in November last yr @5.05% , put £20k away there. My reasoning is with interest rates forecast to drop in the coming yr or two will you be able to get those rates in a couple of years? Anyway gotta hedge my bets a bit now at my age. My share ISA is only just getting those sort of yields back anyway for obviously far more risk.
United trust bank now got a 5 yr fixed @4.66%. If you don't withdraw yearly and allow it to remain in account and compound it works out as 5.1% . Min of £5k. Just opened one . Bagged one of their 5 yr fixes in November last yr @5.05% , put £20k away there. My reasoning is with interest rates forecast to drop in the coming yr or two will you be able to get those rates in a couple of years? Anyway gotta hedge my bets a bit now at my age. My share ISA is only just getting those sort of yields back anyway for obviously far more risk.
Remember though, you will be hammered for tax if you earn more than £1,000 interest in a tax year.
Thanks but not planning on earning much from employment by then. Anything less than £17.5k from income plus interest is tax free anyway.
I was referring to the £1,000 tax allowance for interest earned on savings. Anything above is taxed at your nominal rate. Your tax code has nothing to do with it.
The Personal Tax Allowance is a factor, as if your income from wages, pension, etc is equal to the PTA you can earn up to £5,000 per year in interest tax free.
If your income is less than the PTA that difference can also be used.
I could have that wrong, but that's how I read it.
Thanks but not planning on earning much from employment by then. Anything less than £17.5k from income plus interest is tax free anyway.
I was referring to the £1,000 tax allowance for interest earned on savings. Anything above is taxed at your nominal rate. Your tax code has nothing to do with it.
You do know about the £5000 starting rate for tax free savings interest don't you?
If I only earn £12570 then I get a £6000 tax free allowance for savings interest. If I only earn say £10000 then I also get another £2570 I can earn in interest.
Personally I thought the £5,000 Starting Rate For Savings was instead of the £1,000 Personal Savings Allowance, as long as earned income is up to the rate of the Personal Tax Allowance.
But having read your post and done a bit of research, it seems there is the potential to qualify for both allowances. A nice bonus!
