Shares

Post by **governor13** » 18 Feb 2016, 15:58

Hello fellow colleagues , debating paring company with the business shortly , can anyone confirm what would happen with my free shares I'm currently full time and have full allocation of shares , cheers

Post by **TrueBlueTerrier** » 18 Feb 2016, 16:06

governor13 wrote:Hello fellow colleagues , debating paring company with the business shortly , can anyone confirm what would happen with my free shares I'm currently full time and have full allocation of shares , cheers

Depends on age and reason for leaving

Handing in your notice - you lose them unless you are over 60. But if you do so after 3 years have passed for each tranche, then you keep that tranche.

Retiring, redudnacy or IHR - You keep them.

Post by **TrueBlueTerrier** » 18 Feb 2016, 16:06

Forgot - if you pass away the shares are passed on to your beneficiaries.

Post by **governor13** » 18 Feb 2016, 16:29

Sorry shoukd have stated , leaving the company for another job. Bt hopefully

Surreypostie · Post by **Surreypostie** » 18 Feb 2016, 16:40

As stated by TBT already, unless you are over 60, you wave them goodbye.

wandle · Post by **wandle** » 20 Feb 2016, 13:11

Don't know if this advice is too late for you, but as suggested in another thread, you could ask Royal Mail for a career break of 1 year (omitting to mention you do not actually intend to return in 2017)...
this ruse would mean that in October 2016, you would technically still be an employee of Royal Mail, and thus have the initial allocation of 613 free shares transferred out of the SIP, and into your name? Worth a try, surely? You'd keep 613 shares... at today's price, that's £2700+, although you'd have to pay tax and NI on the proceeds. Plus you'd still receive the 2015/16 dividend, payable in July, of approx 13.5p/share, which is a further £82.76 (tax already paid)

A2B · Post by **A2B** » 21 Feb 2016, 10:40

wandle wrote:Don't know if this advice is too late for you, but as suggested in another thread, you could ask Royal Mail for a career break of 1 year (omitting to mention you do not actually intend to return in 2017)...
this ruse would mean that in October 2016, you would technically still be an employee of Royal Mail, and thus have the initial allocation of 613 free shares transferred out of the SIP, and into your name? Worth a try, surely? You'd keep 613 shares... at today's price, that's £2700+, although you'd have to pay tax and NI on the proceeds. Plus you'd still receive the 2015/16 dividend, payable in July, of approx 13.5p/share, which is a further £82.76 (tax already paid)

You cannot do paid work during a career break so not really suitable for most people

toomuchcoke · Post by **toomuchcoke** » 21 Feb 2016, 13:29

A2B wrote:You cannot do paid work during a career break so not really suitable for most people

Hmm ... I wonder how they police that? I was wondering about trying the career break as an option for a future emigration attempt to Europe, so as to retain my full-time job as a Postie if it didn't work out.