From 7 January, those taking part in Save As You Earn (SAYE) will receive their annual statement

[POSTMAN]

https://www.myroyalmail.com/news/2016/01/saye-statement" onclick="window.open(this.href);return false;

Annual statement arrives at participants’ homes soon

Your SAYE savings are held with Lloyds Bank and paid into an SAYE account in your name. This is managed by the scheme administrator, Equiniti. Your SAYE statement will show details of your savings contract with Lloyds Bank plc.

Details shown on your statement include:

The SAYE contract start date (1 December 2014)
The amount you are saving each month (even if you are paid weekly)
The total you have saved to date. For weekly-paid employees, your statement will show payroll contributions received up to and including 29 November 2015. For monthly-paid employees, it contains details of payroll contributions received up to and including 1 December 2015
The number of share options you hold
You can view details of your SAYE scheme shares, track their potential value and find out more about SAYE at any time but accessing your unique Royal Mail Employee Shares Account, available at http://www.royalmailemployeeshares.co.uk" onclick="window.open(this.href);return false;.

If you have any queries please contact your.news@royalmail.com

[blakeyboy]

If you pay weekly am I right in thinking that you will have paid in an extra £177 at the end of the term more than monthly paid people have saved?Im paying in £14.75 a week,whereas monthly paid staff are saving £59 a month.Please advise kind regards

[RobertT]

If you pay weekly am I right in thinking that you will have paid in an extra £177 at the end of the term more than monthly paid people have saved?Im paying in £14.75 a week,whereas monthly paid staff are saving £59 a month.Please advise kind regards

Taken from the 'guide to SAYE' booklet you received when you started to save and also available here: https://www.myroyalmail.com/all-documen ... %20RES.pdf" onclick="window.open(this.href);return false;

If you are paid weekly, you will save for 144 weeks. If you are paid monthly, you will save for 36 months. All employees will finish the savings term at the same time, unless they take a payment holiday (see page 17).

[blakeyboy]

Cheers