When ...

[Pharox]

Hi guys,

I am correct in saying that we can sell our shares from October of this year? minus any tax we need to pay?

[therailway]

The first allocation yes, but you will pay Tax and NI, keep them another two years then there will be no deductions.

[Pharox]

That's great, thanks for the quick reply.

[slinder123]

The first allocation yes, but you will pay Tax and NI, keep them another two years then there will be no deductions.

another two years they be worth zilch

[toomuchcoke]

The first allocation yes, but you will pay Tax and NI, keep them another two years then there will be no deductions.

another two years they be worth zilch

I'm pretty certain I remember there being people on this forum 2-3 years ago saying they'd be worth zilch by this coming October ... So far, once things settled down after the silly season immediately after the IPO the share price has been pretty constant!

[Andy_07]

How many shares have folk got from our first allocation ?

[TrueBlueTerrier]

How many shares have folk got from our first allocation ?

729 for FT - prorata for PTs.

[Andy_07]

How many shares have folk got from our first allocation ?

729 for FT - prorata for PTs.

Cheers mate

[aiden01]

How many shares have folk got from our first allocation ?

729 for FT - prorata for PTs.

If ft you can seii 613 shares on or after Oct 2016 then 116 in April 2017.

[RobertT]

How many shares have folk got from our first allocation ?

729 for FT - prorata for PTs.

The first allocation was actually 613 shares on 15th October 2013 - they can be sold from 15th October 2016 onwards minus tax & NI.
The second allocation was 116 shares on 9th April 2014.
The third allocation of 103 shares was on 5th October 2015.
And we're supposed to be getting a fourth at some point.

[Andy_07]

How many shares have folk got from our first allocation ?

729 for FT - prorata for PTs.

If ft you can seii 613 shares on or after Oct 2016 then 116 in April 2017.

I'm part time and have 529 shares from our October 2013 allocation, Dunno if you're post FT meant full time ? if so i took it as only full timers can cash in if they wanted in October 2016 ?


At the time i think it was 4.29 per share and having 529 of them i reckon its about 2500 minus tax , National insurance etc.. So IF i wanted to cash in i'm looking aty about 2 grand

[RobertT]

How many shares have folk got from our first allocation ?

729 for FT - prorata for PTs.

If ft you can seii 613 shares on or after Oct 2016 then 116 in April 2017.

I'm part time and have 529 shares from our October 2013 allocation, Dunno if you're post FT meant full time ? if so i took it as only full timers can cash in if they wanted in October 2016 ?


At the time i think it was 4.29 per share and having 529 of them i reckon its about 2500 minus tax , National insurance etc.. So IF i wanted to cash in i'm looking aty about 2 grand

Both full and part timers can cash in their first allocation of shares in October 2016 if they want to.

Tax & NI is deducted as follows:

Income tax and National Insurance are calculated using the market value of the shares at the time the employee was given the Free Shares or the market value of the Free Shares when the employee removes them from the SIP, whichever is lower.

The price of the first allocation was £4.88 per share I think while the share price closed today at £4.48.
So based on todays price and your 529 shares, you would pay tax and NI on a value of £2,369 which would mean a deduction of £758, leaving £1,611 in your pocket. Dealing charges will also need to be taken off.

[Andy_07]

How many shares have folk got from our first allocation ?

729 for FT - prorata for PTs.

If ft you can seii 613 shares on or after Oct 2016 then 116 in April 2017.

I'm part time and have 529 shares from our October 2013 allocation, Dunno if you're post FT meant full time ? if so i took it as only full timers can cash in if they wanted in October 2016 ?


At the time i think it was 4.29 per share and having 529 of them i reckon its about 2500 minus tax , National insurance etc.. So IF i wanted to cash in i'm looking aty about 2 grand

Both full and part timers can cash in their first allocation of shares in October 2016 if they want to.

Tax & NI is deducted as follows:

Income tax and National Insurance are calculated using the market value of the shares at the time the employee was given the Free Shares or the market value of the Free Shares when the employee removes them from the SIP, whichever is lower.

The price of the first allocation was £4.88 per share I think while the share price closed today at £4.48.
So based on todays price and your 529 shares, you would pay tax and NI on a value of £2,369 which would mean a deduction of £758, leaving £1,611 in your pocket. Dealing charges will also need to be taken off.

Cheers for that mate..Seems a bit steep on the deduction side of things, I'm maybe better leaving them for another 2 years and getting them tax free.

[Jeremyreeves]

Both full and part timers can cash in their first allocation of shares in October 2016 if they want to.

Tax & NI is deducted as follows:

Income tax and National Insurance are calculated using the market value of the shares at the time the employee was given the Free Shares or the market value of the Free Shares when the employee removes them from the SIP, whichever is lower.

The price of the first allocation was £4.88 per share I think while the share price closed today at £4.48.
So based on todays price and your 529 shares, you would pay tax and NI on a value of £2,369 which would mean a deduction of £758, leaving £1,611 in your pocket. Dealing charges will also need to be taken off.


Am i wrong in assuming the price of the shares when allocated was actually the 330p they floated at?

[RobertT]

Am i wrong in assuming the price of the shares when allocated was actually the 330p they floated at?

The floatation price was £3.30 but because the shares went up so much initially, the price when they were allocated to us was £4.89(corrected slightly from my previous post).
The second batch we got in April 2014 had a value of £5.15 per share. While the third lot was £4.57.