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What's your decision? SAYE scheme coming to maturity on December 1st

13 Nov 2017, 18:14

With the SAYE scheme coming to maturity on December 1st, I thought it would be interesting to start a discussion, and see how other people are planning their decision.

Originally, I was planning to ride out a few months, exercising share purchase around Feb/Mar, but after reading the booklet I was sent, liked the thought of the S&S ISA, so I may go down that route. Knowing nothing of S&S ISA's though, will have to do some research. I'm interested in the whole investing business, and after setting up various AVC's towards my pension, as well as already owning free shares & purchased shares(RM), looking into long term growth investing. Don't know finer details of Equiniti's ISA provided, so may look into transferring to another if it suits.

I'm guessing the majority of people are buying to sell straight away. What's your decision, and your reasons for doing so?


What's your decision?

13 Nov 2017, 18:58

I'm also thinking of the s&s isa,the shares are just too volatile at the moment

What's your decision?

13 Nov 2017, 19:07

Buying now at the £3.60 option price, already input the decision online to be entitled to the January dividend. Depending on how the share price goes I may well hang on to them at least until the original batch can be sold without tax/NI deductions in October 2018. If the price is below £3.60 on 1 Dec and they cancel that option I'll see what the next choice is.

What's your decision?

13 Nov 2017, 20:04

fb1969 wrote:Buying now at the £3.60 option price, already input the decision online to be entitled to the January dividend. Depending on how the share price goes I may well hang on to them at least until the original batch can be sold without tax/NI deductions in October 2018. If the price is below £3.60 on 1 Dec and they cancel that option I'll see what the next choice is.


Same here, opted to buy more shares at £3.60, my saye got scaled down to just £6 per week so haven't got that much, but I'm going to hold on to them as a "rainy day" fund definitely won't sell the initial shares until no tax/NI to pay.

What's your decision?

13 Nov 2017, 20:21

Based on the share price at the time of writing, buying and then selling straight away would only mean a profit of 13p per share, minus dealing costs. It’s hardly worth it even if you’ve saved the maximum!

So personally I plan to and have already made my choice online, to hold onto them, grab a few dividends, which I’ll reinvest and only sell when I think the time’s right.

The SAYE shares will go into the nominee account I already have from buying via the EPO in 2013, so all can be sold together, keeping dealing costs to a minimum. I think we’ll also get the option of transferring our free shares into the nominee account after each 5 year milestone.

Personally I see no advantage to opening an Equiniti ISA. Not least because I already have a S&S ISA! But even if I didn’t, there’s no tax savings to be made unless you’re planning on getting into share dealing in a much bigger way than just with your SAYE shares. Theres also charges to consider, which aren’t applicable with the nominee account as far as i know.

What's your decision?

14 Nov 2017, 18:10

Only got my letter yesterday (bloody royal mail!)lol, anyway, thinking of exercising my options to buy and have them in certificate form so then I can just transfer the certified shares into my Halifax share dealing account. Can't sell them till April without paying CGT as I'm already up to the limit after getting lucky on an AIM oil share. Can't put them in my s&s ISA either as I've paid in the full limit this yr. Will collect the divs till then . Hopefully the business will get an agreement sorted out and the SP will recover. I'd be worried if we had no work on but I'm sure everyone here will agree, it's been the busiest summer ever, and you can't move for parcels at the moment so it's not as if we're struggling now. If the govt get brexit wrong though and the country goes into recession, it'll be a different story but then job security is probably at the forefront of our minds, rather than losing a grand or two on the shares!

What's your decision?

14 Nov 2017, 18:40

Then again, if Moya does the usual 'facing headwinds, letters declining, increased completion' lines in the interims this week and the markets don't like it and the sp dives bellow 360, I may as well buy the shares on the open market and just get my money back on the saye .

What's your decision? SAYE scheme coming to maturity on December 1st

16 Nov 2017, 23:38

Robert, I agree with your thinking and have done the same. I aim to collect, at least the interim dividend payable in January 2018, so that by acquiring the 590 shares available to me, it will comfortably cover the eventual dealing costs. My view is that there will be a ‘bounce’ in the RM share price ‘post’ the inevitable mediation outcome. The progressive dividend policy being pursued by RM suggests a final dividend in 2018, no less than 2017. For me, it is buy, monitor and then decide when to sell.

What's your decision? SAYE scheme coming to maturity on December 1st

20 Nov 2017, 10:33

I need a little help here.

I've logged into the shareview Equiniti site and can see my original Royal Mail shares and the cash from my sharesave but I can't see anywhere to take up my option to convert the money into shares.

Any pointers?

What's your decision? SAYE scheme coming to maturity on December 1st

20 Nov 2017, 10:59

Deadly wrote:I need a little help here.

I've logged into the shareview Equiniti site and can see my original Royal Mail shares and the cash from my sharesave but I can't see anywhere to take up my option to convert the money into shares.

Any pointers?


Go to http://www.royalmailemployeeshares.co.uk.

Input your surname, date of birth, NI number and your Shareview password.

Click on ‘manage my SAYE maturity’.

Make your choice.

What's your decision? SAYE scheme coming to maturity on December 1st

20 Nov 2017, 11:41

Thanks Robert :thumbup

What's your decision?

20 Nov 2017, 18:25

RobertT wrote:
Personally I see no advantage to opening an Equiniti ISA. Not least because I already have a S&S ISA! But even if I didn’t, there’s no tax savings to be made unless you’re planning on getting into share dealing in a much bigger way than just with your SAYE shares. Theres also charges to consider, which aren’t applicable with the nominee account as far as i know.


Agreed.

Seems to me that the only reason why anyone might think about the Equiniti ISA option is if they start to invest in ISAs in this current tax year (2017-2018).

As to the original poster's question, I have gone for choice 1 (the nominee account) as I have already have contributed to a Stocks and Shares ISA in the current tax year (2017-2018). Will take dividends for a number of years (assuming RM are in a position to pay them in future years)

What's your decision? SAYE scheme coming to maturity on December 1st

20 Nov 2017, 20:36

Decided to purchase shares for interim dividend, would be silly not to. I may partake in DRIP rather than take the money though, I guess I'm a bit of a gambler :nervous . If the trend is anything to go by, then could be rate of 7.6p - 7.8p per share for interim dividend.

Despite mass resentment and turmoil within the company, I feel long term the share price will rise, so happy to re-invest, and already do that with my other shareholding. I see them as more a long term investment rather than a cheap, quick buck. Besides, free shares provide a nice little bonus dividend that can be utilised in some way.

edit:
After reading RobertT's post here, I can see my speculative assumption was just about right, if not slightly embarrassing :oops:

What's your decision? SAYE scheme coming to maturity on December 1st

21 Nov 2017, 04:29

ok i have logged into the esp share portal website and see these 2 choices
I want to exercise and buy my shares and see any available choices.
I want to withdraw my savings and see any available choices.
i am not desperate for the money and i want to wait to see if they go up in price
so my questions are
do i have to select exercise and buy my shares and see any available choices. if i want to buy the shares at £3.60
do nothing and what happens if i do nothing
how long have i got before making my decision

What's your decision? SAYE scheme coming to maturity on December 1st

21 Nov 2017, 06:12

conman wrote:ok i have logged into the esp share portal website and see these 2 choices
I want to exercise and buy my shares and see any available choices.
I want to withdraw my savings and see any available choices.
i am not desperate for the money and i want to wait to see if they go up in price
so my questions are
do i have to select exercise and buy my shares and see any available choices. if i want to buy the shares at £3.60
do nothing and what happens if i do nothing
how long have i got before making my decision

You have 6 months to decide whether to buy the shares at £3.60 or not. If you do not buy in that time, they will just give you your savings back.

All the info is in the booklet we recently got, which is also available to download here.

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