Free Shares statement:Annual SIP mailing 19 Feb

[POSTMAN]

https://www.myroyalmail.com/news/2015/0 ... -statement

From 19 February 2015, eligible employees with Free Shares will start to receive their first Share Incentive Plan annual statement.

This shows information relating to your Royal Mail Free Shares for both the SIP 2013 and SIP 2014 allocations.

Your statement will be sent to your registered home address.

Free Shares

Details on your SIP annual statement include:

The date you were awarded your SIP 2013 and SIP 2014 Free Shares
The holding period
The number of SIP 2013 and SIP 2014 Free Shares you have been awarded
Dividends

Your SIP annual statement will also include details of any dividends you have received between 15 October 2013 and 16 January 2015.

More information

You can log into your online Employee Shares Account at http://www.royalmailemployeeshares.co.uk to view details of your holdings in Royal Mail and how much your Free Shares are currently worth.

If you have any questions, you can call the Employee Shares helpline free* on 0800 012 12 13. Lines are open from 8.30am to 5.30pm, Monday to Friday (not including bank holidays).

You can also access Live Chat at myroyalmail.com/employee-share-offers.

*Calls are free from a BT landline, but other network providers may charge.

[borders]

whats the exact date we can sell them ?

[aiden01]

whats the exact date we can sell them ?

surely October 2016 3 years after allocation

[borders]

thanks Aiden

[aiden01]

thanks Aiden

although you will have to pay 40% tax if sell after 3 years

[RobertT]

thanks Aiden

although you will have to pay 40% tax if sell after 3 years

Assuming you’re a basic rate tax payer and you sell the shares after 3 years, you will pay 20% income tax and 12% National Insurance.

If you earn enough to be a higher rate tax payer and you sell after 3 years, you will pay 40% income tax and 2% NI.

After 5 years, no tax or NI will need to be paid at all.

Details are in the ‘guide to RM shares’ we all received when the floatation was first announced.

[taxi4leighton]

is that 20% of the value of shares
or 20% of the profit the shares have made since they were allocated

[RobertT]

is that 20% of the value of shares
or 20% of the profit the shares have made since they were allocated

It's the percentage of the value.

The share price today is £4.37, so a full timer with 729 shares has £3,185 worth. If you could sell now you would effectively pay 32% in tax assuming you're a basic rate tax payer. In money terms that's about £1,020 in tax.

If you're a higher rate tax payer, you'll pay 42% in tax, or about £1,335.

[fishtank]

whats the exact date we can sell them ?

surely October 2016 3 years after allocation

Only for the first allocation.

[cloherty1976]

is that 20% of the value of shares
or 20% of the profit the shares have made since they were allocated

It's the percentage of the value.

The share price today is £4.37, so a full timer with 729 shares has £3,185 worth. If you could sell now you would effectively pay 32% in tax assuming you're a basic rate tax payer. In money terms that's about £1,020 in tax.

If you're a higher rate tax payer, you'll pay 42% in tax, or about £1,335.

Put it in to an avc and pay no tax if you want to sell but if you want the money I don't see a way of not paying it.

[fishtank]

Put it in to an avc and pay no tax if you want to sell but if you want the money I don't see a way of not paying it.

Open an account with HSBC and tell them it's drug money.

[Pinky 1]

Put it in to an avc and pay no tax if you want to sell but if you want the money I don't see a way of not paying it.

Open an account with HSBC and tell them it's drug money.

That'll attract some interest