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Buying Share for SIPP

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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Hawkey99
Posts: 568
Joined: 23 Oct 2011, 11:19
Gender: Male

Buying Share for SIPP

Post by Hawkey99 »

Just seen this on another site. Sois it right that we candy up to £1800 of shares per year to reduce or tax bill ???

Thanks

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Share Incentive Plans (SIPs)
This guide was last updated in April 2014.
....
Partnership shares

The employer can invite potential participants to agree with the employer to allocate part of their pre-tax salary to buying shares, with a limit of £1,800 a year or 10% of the employee's salary – whichever is less. The plan may provide for deductions to be either accumulated for up to 12 months then used to buy shares, or to be immediately invested following each deduction from the participant's monthly pay.

Pay used to buy shares will still be counted as salary for pension purposes, although participants must be warned about possible loss of National Insurance benefits.
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therailway
Posts: 100
Joined: 20 Feb 2009, 11:37
Gender: Male

Buying Share for SIPP

Post by therailway »

This scheme exists BUT Royal Mail do not participate in it. The key statement "the employer MAY invite". Maybe RM policy will change in the future?
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TrueBlueTerrier
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Posts: 72561
Joined: 30 Dec 2006, 10:29
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Location: On my couch

Buying Share for SIPP

Post by TrueBlueTerrier »

Royal Mail did a one off scheme SAYE about 2 years ago - it will mature around this time next year. viewtopic.php
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Burghboy
Posts: 224
Joined: 21 Oct 2013, 09:19
Gender: Male

Buying Share for SIPP

Post by Burghboy »

TrueBlueTerrier wrote:Royal Mail did a one off scheme SAYE about 2 years ago - it will mature around this time next year. viewtopic.php

No plans to do another??
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toomuchcoke
Posts: 309
Joined: 05 Jun 2011, 18:15
Gender: Male

Buying Share for SIPP

Post by toomuchcoke »

Burghboy wrote:
TrueBlueTerrier wrote:Royal Mail did a one off scheme SAYE about 2 years ago - it will mature around this time next year. viewtopic.php
No plans to do another??
I'm guessing not, and I'm going to guess further that the take up of the first one wasn't that great?
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A2B
Posts: 1926
Joined: 25 Feb 2009, 19:34
Gender: Male

Buying Share for SIPP

Post by A2B »

toomuchcoke wrote:
Burghboy wrote:
TrueBlueTerrier wrote:Royal Mail did a one off scheme SAYE about 2 years ago - it will mature around this time next year. viewtopic.php
No plans to do another??
I'm guessing not, and I'm going to guess further that the take up of the first one wasn't that great?
The scheme was oversubscribed and the amount you could invest was cut by 50% if i recall correctly :cuppa
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dennis12
Posts: 37
Joined: 18 Jun 2013, 19:46
Gender: Male

Buying Share for SIPP

Post by dennis12 »

Yes you are correct hugely oversubscribed maximum amount per month was reduced From £100 down to £59.
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