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Save as you earn

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.
All news and discussion on Daniel Kretinsky's full takeover of Royal Mail.
Postmangit
EX ROYAL MAIL
Posts: 85
Joined: 07 Nov 2014, 11:30
Gender: Male

Save as you earn

Post by Postmangit »

Anyone know when the savings start been shown in your portfolio ?
Hitcher
Posts: 1475
Joined: 20 Sep 2009, 09:59
Gender: Male

Re: Save as you earn

Post by Hitcher »

Mine are there already.
Postmangit
EX ROYAL MAIL
Posts: 85
Joined: 07 Nov 2014, 11:30
Gender: Male

Re: Save as you earn

Post by Postmangit »

Is that under, savings to date? It shows the 590 shares etc but the savings to date doesn't show the first weeks payment today?
wandle
Posts: 944
Joined: 25 Feb 2011, 17:17
Gender: Male

Re: Save as you earn

Post by wandle »

Postmangit wrote:Is that under, savings to date? It shows the 590 shares etc but the savings to date doesn't show the first weeks payment today?
That's because the savings money is paid into a central account with Lloyds Bank, as per the information you were sent in the SAYE scheme literature. It really is your responsibility to read all the documents relating to a proposed investment!
At the end of the scheme, you will be contacted by Equiniti, to ask you if want to
a) have your savings released by Lloyds Bank, and paid into your bank account OR
b) exercise the option to use the savings to buy shares, at the 360p price :chuckle