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shares....

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
trevjim
Posts: 170
Joined: 05 Dec 2012, 20:04
Gender: Male

shares....

Post by trevjim »

sorry I know this has been done to death but....

I understand you have to wait 3 years to sell your shares. 5 for tax free sale.

I may have a new job coming up, if I work my notice and leave on good terms etc, do I lose my shares?
Chelseablue
Posts: 2222
Joined: 19 Aug 2013, 14:33
Gender: Female

Re: shares....

Post by Chelseablue »

Erm is this a joke q
IcanthelpthewayIam
Posts: 4067
Joined: 26 May 2009, 13:37
Gender: Male

Re: shares....

Post by IcanthelpthewayIam »

Chelseablue wrote:Erm is this a joke q
no its someone just asking for help,

yes you will still receive your shares
trevjim
Posts: 170
Joined: 05 Dec 2012, 20:04
Gender: Male

Re: shares....

Post by trevjim »

Thanks, had people saying if I leave i lose my shares, and some saying I dont.
alanmc
MAIL CENTRES/PROCESSING
Posts: 49
Joined: 21 Mar 2011, 15:16
Gender: Male

Re: shares....

Post by alanmc »

I thought it was only if u left under vr or left under ill heaith u receive ur shares
just by working ur notice is not enough mite be wrong thou
bb
Buzzcock
Posts: 14
Joined: 10 Dec 2012, 16:39
Gender: Male

Re: shares....

Post by Buzzcock »

You will not receive your shares.
Jefferson Starfish
Posts: 905
Joined: 12 Aug 2011, 15:32
Gender: Female
Location: Greendale DO

Re: shares....

Post by Jefferson Starfish »

If you resign within 3 years of recieving the shares and you're under 60 years of age then you will lose them. If you're over 60 then it's deemed as retiring and you'll keep them.
Buzzcock
Posts: 14
Joined: 10 Dec 2012, 16:39
Gender: Male

Re: shares....

Post by Buzzcock »

If you got a new job and left after 2 years an 11 months you'd forfeit your shares.
chrisj
Posts: 1883
Joined: 21 Dec 2010, 16:24
Gender: Male

Re: shares....

Post by chrisj »

Are you still on a temporary contract?
crabstoes
Posts: 19
Joined: 02 Nov 2009, 18:29
Gender: Male

Re: shares....

Post by crabstoes »

of course you lose your shares

Edited by Teebs - read the rules and stop the name calling even if its was mild.
Chelseablue
Posts: 2222
Joined: 19 Aug 2013, 14:33
Gender: Female

Re: shares....

Post by Chelseablue »

Trevjim the same guy who said we are all greedy if we dared strike etc etc ,,,,,who's bein greedy now :wave
sophie97
Posts: 169
Joined: 17 Jul 2013, 15:10
Gender: Female

Re: shares....

Post by sophie97 »

Chelseablue wrote:Trevjim the same guy who said we are all greedy if we dared strike etc etc ,,,,,who's bein greedy now :wave
Chelseablue wrote:Erm is this a joke q
There are some immature members on here...
you are cleary grumpy. he has not shown any signs of greed, he simply asked a question....
TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72727
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Re: shares....

Post by TrueBlueTerrier »

Stop the name calling - even if its very mild.


https://www.myroyalmail.com/news/2013/0 ... royal-mail" onclick="window.open(this.href);return false;
If you resign or are dismissed

If you resign or are dismissed within three years after being given the Free Shares, you will lose the shares.

If you resign or are dismissed more than three years after being given the Free Shares you will not lose your Free Shares.

If you leave between three and five years after being given the Free Shares, you will need to pay any income tax and National Insurance that is due, but if you leave after five years no income tax or National Insurance will be due.
So the answer is YES - You lose the shares
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Mr Blonde
Posts: 337
Joined: 23 May 2007, 20:44

Re: shares....

Post by Mr Blonde »

Erm so that means we don't get them until six years is up?
fishtank
Posts: 19732
Joined: 28 Sep 2007, 17:22
Gender: Male

Re: shares....

Post by fishtank »

You still get to keep your colleagueshares though... :nana :nana
good times, bad times you know I've had my share