https://www.myroyalmail.com/news/2018/0 ... p-matching
We are introducing a new employee benefit for all eligible Royal Mail colleagues.
Partnership & Matching is a new element of our Royal Mail Share Incentive Plan (SIP) and offers a flexible and tax advantaged way to invest in Royal Mail shares. How it works:
You can invest from £1 up to £100 a month from your gross (pre-tax) pay. If you are paid weekly, you can invest up to £23.07 a week*
Your investment is used to buy shares in Royal Mail plc every month, which are placed in the Royal Mail Share Incentive Plan (SIP)
For every five shares you buy (‘Partnership Shares’), the Company will give you one ‘Matching Share’ for free, up to a maximum of two Matching Shares per month
You can stop, restart or change your investment at any time
If you keep your shares for five years, you can sell them without having to pay any income tax or National Insurance Contributions (NICs). Partnership & Matching offers these benefits: Tax benefits:
it costs you less to buy shares from your gross (pre-tax) pay i.e. before income tax and NICs are deducted, as long as you keep them for five years.
You get Matching Shares for free.
Your shares will qualify for any future dividends that Royal Mail chooses to pay.Remember: any investment you make in shares is a risk. Share prices can go down as well as up. You could lose your investment.Who is eligible?
All employees of Royal Mail Group Limited with more than 12 months’ continuous service.
Look out for your home mailing
Eligible colleagues will receive a home mailing from Friday 27 July with detailed information on the new offer, terms and conditions and how to apply. For a soft copy of the booklet...https://www.myroyalmail.com/sites/defau ... 0FINAL.pdf
For details of how and when to apply, see post above
*The amount you invest in any tax year through Partnership & Matching cannot be more than £1,200, or if lower, 10% of your gross (pre-tax) pay in any tax year.
Owning shares is not for everyone. Before deciding, you may want to get independent financial advice. Royal Mail and Equiniti, the scheme administrator, cannot provide this advice.