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Saye savings

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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unionjack0
Posts: 65
Joined: 11 Oct 2007, 21:50

Saye savings

Post by unionjack0 »

Having saved the maximum amount over the last 3 years a situation has cropped up where I could really use this money, i no waiting till December and converting to shares would be the best option.But like I said could use the money now.is it just a matter of ringing hr and asking for it to paid asap and anyone now how long I should expect to wait ?
TrueBlueTerrier
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Posts: 72561
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Saye savings

Post by TrueBlueTerrier »

about 2 weeks at a guess.

If you have an equiniti account you can do it on their website.
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plaguelift
Posts: 133
Joined: 19 Apr 2011, 06:16
Gender: Male

Saye savings

Post by plaguelift »

You may cancel your SAYE contract and withdraw your savings at any time by:
1. filling in the back of your option certificate and returning it to Equiniti;
2. calling the Employee Shares Helpline to ask to cancel; or
3. going to your Employee Shares Account at http://www.royalmailemployeeshares.co.uk" onclick="window.open(this.href);return false; and filling in the online cancellation form.
Equiniti will tell HR Services that you have cancelled your scheme and to arrange for deductions to be stopped from your net salary. Your savings will be repaid in full to the bank account your net salary is paid into. If you leave the scheme, you will not be able to re-join it and will lose your option to buy shares at the option price.
Employee Shares Helpline:
0800 012 12 13 (or +44 121 415 0268
if you are calling from outside the United Kingdom).