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If I leave what happens to my 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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Meloned1
Posts: 31
Joined: 19 Apr 2015, 07:02
Gender: Male

If I leave what happens to my shares ?

Post by Meloned1 »

Hi folks thinking of retiring in a couple of months, I have been purchasing the max shares through my wages since the scheme began and still have the free shares the question is what happens if I leave , do I have to sell them ?
I’ve also had the letter to sell my shares to the group that are buying us. Let’s say I agree to them having them and leave before the possible buyout what happens to the shares ? Do I have to sell still or are they locked in ? Totally confused by this tbh , I really want to leave but if I’m able to not pay tax on the sale of my shares would be a great help. Many thanks for your help on this matter :thumbup
qwerty2
Posts: 2011
Joined: 30 Jun 2009, 00:42
Gender: Male

Re: If I leave what happens to my shares ?

Post by qwerty2 »

Meloned1 wrote:
05 Jul 2024, 06:01
Hi folks thinking of retiring in a couple of months, I have been purchasing the max shares through my wages since the scheme began and still have the free shares the question is what happens if I leave , do I have to sell them ?
I’ve also had the letter to sell my shares to the group that are buying us. Let’s say I agree to them having them and leave before the possible buyout what happens to the shares ? Do I have to sell still or are they locked in ? Totally confused by this tbh , I really want to leave but if I’m able to not pay tax on the sale of my shares would be a great help. Many thanks for your help on this matter :thumbup
Deal might not happen
Shareholders dont vote on it till September
If they vote for it the government can still stop it
TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72539
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Re: If I leave what happens to my shares ?

Post by TrueBlueTerrier »

When you leave they send you a letter with the options listed.

I got the letter a few weeks ago. You won't lose them but can either transfer them to another share account or cash them in.

There is a guide and a thread here about it viewtopic.php?f=38&t=68691
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Meloned1
Posts: 31
Joined: 19 Apr 2015, 07:02
Gender: Male

Re: If I leave what happens to my shares ?

Post by Meloned1 »

Many thanks for your help :Very Happy