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How many shares

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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sfxdby
Posts: 81
Joined: 28 Jan 2012, 21:48
Gender: Male

How many shares

Post by sfxdby »

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.
RobertT
EX ROYAL MAIL
Posts: 6642
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: How many shares

Post by RobertT »

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
Links to all RM pension related websites are here
koolishy67
Posts: 665
Joined: 04 Nov 2010, 21:02
Gender: Male

Re: How many shares

Post by koolishy67 »

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

Post by sfxdby »

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.