ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE
ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!
ROYAL MAIL STAFF SHARES OVER ALLOWANCE
-
leadseal
- Posts: 44
- Joined: 09 May 2007, 16:48
Share Allocation News Flash
https://www.myroyalmail.com/sites/defau ... sFlash.pdf" onclick="window.open(this.href);return false;
-
Cichlid
- EX ROYAL MAIL
- Posts: 116
- Joined: 12 Mar 2013, 18:45
- Gender: Male
Re: Share Allocation News Flash
Sorry for my language but we have been f??ked over again. 
-
PhilthyPhil
- Posts: 1155
- Joined: 23 Nov 2007, 19:15
Re: Share Allocation News Flash
No.Cichlid wrote:Sorry for my language but we have been f??ked over again.
-
UnhappyGremlin
- Posts: 2685
- Joined: 18 May 2012, 20:49
- Gender: Male
- Location: Hiding
Re: Share Allocation News Flash
It's been done purely for tax purposes.
If they allocated them all in one go, we'd pay (I think) 40% Capital Gains Tax.
However, doing it this way, it means they remain free and untaxed at issue.
The only down side is we may have to wait 6 months or so longer to sell the second allocation.
If they allocated them all in one go, we'd pay (I think) 40% Capital Gains Tax.
However, doing it this way, it means they remain free and untaxed at issue.
The only down side is we may have to wait 6 months or so longer to sell the second allocation.
Sometimes, I wish I wasn't a Rep.
-
k979aaa
- Posts: 12578
- Joined: 03 Sep 2007, 19:14
- Gender: Male
- Location: THE NORTH
ROYAL MAIL STAFF SHARES OVER ALLOWANCE
http://news.sky.com/story/1154672/royal ... -for-staff" onclick="window.open(this.href);return false;
Last edited by TrueBlueTerrier on 16 Oct 2013, 13:38, edited 1 time in total.
Reason: Merged into thread already started
Reason: Merged into thread already started
-
k979aaa
- Posts: 12578
- Joined: 03 Sep 2007, 19:14
- Gender: Male
- Location: THE NORTH
Re: ROYAL MAIL STAFF SHARES OVER ALLOWANCE
So we are short changed yet again you will have to wait for 112 of your shares till next year 112 x 490p =£ 548.80p to be allocated so you may not get them till year four and six tax free! Oh capitalism don't you love it NOT!
-
wandle
- Posts: 944
- Joined: 25 Feb 2011, 17:17
- Gender: Male
Re: ROYAL MAIL STAFF SHARES OVER ALLOWANCE
Run that by me again?k979aaa wrote:So we are short changed yet again you will have to wait for 112 of your shares till next year 112 x 490p =£ 548.80p to be allocated so you may not get them till year four and six tax free! Oh capitalism don't you love it NOT!
You're complaining that you will have to wait (only) six months for the last 112 shares ? The only reason you're having to wait is because the current share price made the full 725 shares worth more than the legal tax limit of £3000 !!!!
Would you have preferred the share price to have only risen 5p since last Friday, and thus receive all 725 shares in a single allocation? You'd prefer to have shares worth only
£2428.75, just you could receive the 613+112 all in one go ???? Really ?
-
Cichlid
- EX ROYAL MAIL
- Posts: 116
- Joined: 12 Mar 2013, 18:45
- Gender: Male
Re: Share Allocation News Flash
Thanks for the explanation.UnhappyGremlin wrote:It's been done purely for tax purposes.
If they allocated them all in one go, we'd pay (I think) 40% Capital Gains Tax.
However, doing it this way, it means they remain free and untaxed at issue.
The only down side is we may have to wait 6 months or so longer to sell the second allocation.
-
hantsman
- EX ROYAL MAIL
- Posts: 876
- Joined: 14 Jul 2009, 09:33
- Gender: Male
Re: ROYAL MAIL STAFF SHARES OVER ALLOWANCE
k979aaa wrote:So we are short changed yet again you will have to wait for 112 of your shares till next year 112 x 490p =£ 548.80p to be allocated so you may not get them till year four and six tax free! Oh capitalism don't you love it NOT!
You clearly don't understand , your shares are now worth £3500 aprox, under SIP you only have up to £3000 each year.