do I need to leave in my SIP to keep the matching shares?
I have my free shares (about 90 per cent of full allocation) and I had been buying shares for a year or so out of my wages ( til Nov 20) and have accrued 34 matching shares. When I did a dummy run of selling my shares, it said I would lose my matching shares.
Does anyone know how many shares I need to keep in my account so I don't lose these 34 shares?
I have searched everywhere I can think of and cannot find this information.
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!
How many shares
-
RobertT
- EX ROYAL MAIL
- Posts: 6642
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Re: How many shares
You have to hold each batch of Partnership & Matching shares for at least 3 years before you can sell the matching shares. If you want to sell any Partnership shares before 3 years, you forfeit the Matching ones.
For more info see the P&M booklet, available via this link: https://www.myroyalmail.com/PartnershipandMatching
For more info see the P&M booklet, available via this link: https://www.myroyalmail.com/PartnershipandMatching
Links to all RM pension related websites are here
-
koolishy67
- Posts: 665
- Joined: 04 Nov 2010, 21:02
- Gender: Male
Re: How many shares
Just sell those you don't have to pay tax leave rest
-
sfxdby
- Posts: 81
- Joined: 28 Jan 2012, 21:48
- Gender: Male
Re: How many shares
Thanks Robert T.
I have read through the partnership matching booklet, and see you have quoted from there.
It says if you sell ANY partnership shares, within three years, the corresponding matching shares will be forfeited.
It's not quite as simple as that, or, it's not explained clearly, so I think I will do best to discount my matching shares.
I have read through the partnership matching booklet, and see you have quoted from there.
It says if you sell ANY partnership shares, within three years, the corresponding matching shares will be forfeited.
It's not quite as simple as that, or, it's not explained clearly, so I think I will do best to discount my matching shares.