Cash in shares

Ringer21 · Post by **Ringer21** » 27 Sep 2020, 10:14

What date can we cash all the shares in tax free am I right in saying it will be 5 years coming up soon.

Post by **RobertT** » 27 Sep 2020, 10:46

The free shares were awarded on the following dates:

15th October 2013
9th April 2014
5th October 2015
6th October 2016

So you can only sell the first 2 batches completely tax free. You only have to wait a week or so to sell the 3rd, but just over a year for the 4th.

Ringer21 · Post by **Ringer21** » 27 Sep 2020, 18:59

OK thanks for the info

Walter sobchak · Post by **Walter sobchak** » 28 Sep 2020, 03:47

I’ve just sold a batch of shares and was wondering if the money goes straight into your bank account like the dividends or if they are added to your weekly wage slip??

Post by **RobertT** » 28 Sep 2020, 04:35

I haven't sold any of my free shares, but I think how the money is paid depends on whether they've reached their 5 year anniversary or not.

If they have, your money will be paid straight into your bank account. If they haven't it'll be paid via your wages an taxed accordingly.