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.
magicw wrote:
There are loads in our office gobbing off about how they are just waiting for their shares to cash. then they are off. Personally I cant see how circa £2,5k after tax is enough to walk from a job.
its not in itself, but it is the reason many who may have left in the past year will have hung around for a few more months to get a decent amount of free money.
Funnily enough i have heard a rumour like that in our office, truth or fantasy??
In an office of nearly 150, 3 handed in their cards yesterday. Less than expected , but still they were holding on just for the shares. ( Decent Walks as well/ bet they get friggin absorbed rather than put up for pick )
I am going to wait until 24th october so i can at least use the real time selling.You have 15 seconds to accept or decline offers and it shows you how much you will get after all deductions.
Sod it ive just hit the button ,in for a penny in for a pound. No one is right or wrong and everyone will have there own reasons to sell or keep.This is only my opinion i dont think they will ever go above £6 but could in reality half in price like bt shares, so for the sake of a few hundred quid ill cash out now and enjoy it .You only live once and im never going to be rich and this money will never change my life so go on RED or BLACK
A good option is to sell just half of your shares, kind of like spreading your bets. Don't really know how brexit would affect the postal sector but nothing good will likely come of it. Maybe it is best to wait until after the November financial results or after Christmas because that's royal mails time in the sun.
The only thing I would say is that if you are a docket king and you might get close to the next Tax threshold this year, then check very carefully, you don't want to be paying more Basic tax and Capital Gains.
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needadvice wrote:When would our next chance be to sell by the way? Would we not get another chance before 2018? Cheers
Now that we're allowed to sell this first batch, we can sell them whenever we like. We don't have to choose between selling them immediately and waiting another two years.
But obviously, as time passes, the closer we get to October 2018, the more crazy a person would be, to take a tax hit of 32%.
I mea, would anyone still be wanting to sell, one week before they can avoid tax??
TrueBlueTerrier wrote:The only thing I would say is that if you are a docket king and you might get close to the next Tax threshold this year, then check very carefully, you don't want to be paying more Basic tax and Capital Gains.
The 40% tax band starts after you’ve earned £43,000 so I would say that rules out most people, although there’s bound to be a small number it applies to.
Capital Gains Tax would only apply to our free shares after you’ve taken them out of the SIP and decided to keep them. But as the CGT allowance for this tax year is £11,100, it’s not going to be an issue with our free shares. Although if you're selling any other shares or property, then it may come into the equation.
So if i sell my shares whatever i get will go onto my p60 and be counted by tax credits as income so it will affect my tax credits reward for next year? Damned if i do or dont really,sell the shares now to plug a hole in my accounts but then get reduced payments next year from tax credits.So if i wait another 2 years for the tax free period will it still affect my tax credits?
I have googled it and still not sure.If i wait another 2 years i think that would be counted as a tax free payment so shouldn't in theory affect tax credits but i am not sure...
2pints wrote:I have googled it and still not sure.If i wait another 2 years i think that would be counted as a tax free payment so shouldn't in theory affect tax credits but i am not sure...
I am pretty sure you are right, taxable income for the next two years, so it will affect your tax credits. But then (removed from SIPP and sold) it will not affect tax credits. I believe the P60 relates just to your PAYE earnings. Hope I've not mis-informed you, RobertT is the main man on all things financial so he'll correct me if so,
The way i look at it someone is putting £2000 in my hand,But then saying if you wait another 2 years i may give you £3000 or even a bit more,But there is a chance it may be less than £3000,Cheers mate thanks for the £2000.
A Bird in hand is better than 2 in a bush.
in theory affect tax credits but i am not sure...