Sold shares

Post by **rambo1** » 30 Oct 2016, 08:22

Daniel-san wrote:
jamie0123210 wrote:Sold mine on opening day, nothing in today's payslip although I received the letter last Wednesday saying the money had been sent to payroll.
THIS!^^^^^
Ive spent money thinking I would have it today!
Arse holes! Give us the right info ffs!

You're spending money you don't have? That's kinda your fault, not royal mail. So what would you have done had we not been privatised and given free shares? Do you have a gambling problem or summut. Think you need to learn how to manage your money better or you're gonna have a miserable existence when you retire mate.

Jockster180 · Post by **Jockster180** » 30 Oct 2016, 15:04

rambo1 wrote:
TrueBlueTerrier wrote:
freemoyoyo wrote:
TrueBlueTerrier wrote:You are paying more NI because you, by cashing in your employee shares, have earned more.
Yeah but surely not that much more to allow for 12 percent of the value, its ridiculous! Their already getting 20 percent tax off it, so why the further 12 percent for ni ? That's what I can't understand.
I'll be blunt I can't understand why you cant understand it.

The scheme said at the start if you cashed in between 3 and 5 years you would pay tax and NI.

The 12% is the standard rate for employees earning between £155.01 and £827 a week. You pay 12% NIC on your earnings every week on every £1 or 1p that is over £155.01.

Now whether the Taxation regime in the UK is fair is a different topic altogether, but I would say it isn't when the top 10% of earners pay as a percentage of their earnings less than the bottom 10%. http://www.mirror.co.uk/news/uk-news/br ... re-8039058" onclick="window.open(this.href);return false;
Can't believe how thick some people really are. No wonder there are so many in money problems if they can't grasp the basics of how much tax and NI you pay. I guess if they have sold their shares at this point, says it all really. Maybe he'll work his day off for the next four months to pay for the money he's lost selling early. Lol.

Everyone has different circumstances for selling or keeping shares, what's right for 1 isn't for the next person. I'm paying a fortune for a private rent house so using share money to put towards a deposit for my own place and I'm sure other people have their own reasons. At the end of the day you could get hit by a bus next year and never see the cash

Andy_07 · Post by **Andy_07** » 30 Oct 2016, 16:19

I'm led to believe share money will NOT be in this coming Friday either.

mark02 · Post by **mark02** » 30 Oct 2016, 16:27

Andy_07 wrote:I'm led to believe share money will NOT be in this coming Friday either.

Who's led u to believe this ?? Hr told me 4th November

Andy_07 · Post by **Andy_07** » 30 Oct 2016, 16:29

mark02 wrote:
Andy_07 wrote:I'm led to believe share money will NOT be in this coming Friday either.
Who's led u to believe this ?? Hr told me 4th November

HR told me it 'might' be in our wages on the 4th but its highly 'likely' it won't be...Make off that what you will.

CAMPINGBLUNDERER · Post by **CAMPINGBLUNDERER** » 30 Oct 2016, 16:37

Payment of Sales Proceeds:

If you are weekly paid and gave us your instruction to sell your shares between the 17th October and 23rd October your sales proceeds will appear in your salary dated 4th November. If you are weekly paid and sell your shares between the 24th October and 30th October then you will receive your sales proceeds in your salary dated 11th November. If you are monthly paid and have asked us to sell your shares between the 17th October and 31st then your sales proceeds will be in your salary dated 30th November.

Taken from the Equiniti main page

Post by **pudz1224** » 30 Oct 2016, 16:53

HR told me the 4th swell. did they say why we are not getting it?

Andy_07 · Post by **Andy_07** » 30 Oct 2016, 17:08

pudz1224 wrote:HR told me the 4th swell. did they say why we are not getting it?

We are getting it, They just never said what specific date

Post by **pudz1224** » 30 Oct 2016, 17:17

so it could be after the 4th? a lot of folk led to believe it would be in the 4th wage slip?

mark02 · Post by **mark02** » 30 Oct 2016, 17:44

Andy_07 wrote:
pudz1224 wrote:HR told me the 4th swell. did they say why we are not getting it?

We are getting it, They just never said what specific date

It's the 4th November if u sold in first 3 days , that's what I was told on Thursday

Post by **Theghost** » 30 Oct 2016, 17:48

rambo1 wrote:
Daniel-san wrote:
jamie0123210 wrote:Sold mine on opening day, nothing in today's payslip although I received the letter last Wednesday saying the money had been sent to payroll.
THIS!^^^^^
Ive spent money thinking I would have it today!
Arse holes! Give us the right info ffs!
You're spending money you don't have? That's kinda your fault, not royal mail. So what would you have done had we not been privatised and given free shares? Do you have a gambling problem or summut. Think you need to learn how to manage your money better or you're gonna have a miserable existence when you retire mate.

People were told on the letter recieved off Equiniti that if the pay cut was missed when processed,It would be in the following weeks pay.
Lads in our office took this as read and 1 even used his monthly bill money to pay for a holiday expecting it to be in his wages on friday 28th.
Plenty of others accross the country in the same boat,So instead of being a smart arse and insulting people,Look into the reasoning why people are kicking up a stink.
Royal Mail and Equiniti needed to correspond better between themselves and give out the right info to people,Then people like you would have to find something else to get on their hight horse about,Cretin.

Post by **pudz1224** » 30 Oct 2016, 17:51

agreed the communication has been awful regarding this

rubberbond · Post by **rubberbond** » 30 Oct 2016, 18:02

The scheme said at the start if you cashed in between 3 and 5 years you would pay tax and NI.

The 12% is the standard rate for employees earning between £155.01 and £827 a week. You pay 12% NIC on your earnings every week on every £1 or 1p that is over £155.01.

Now whether the Taxation regime in the UK is fair is a different topic altogether, but I would say it isn't when the top 10% of earners pay as a percentage of their earnings less than the bottom 10%. http://www.mirror.co.uk/news/uk-news/br ... re-8039058" onclick="window.open(this.href);return false;[/quote]
What a complete pile of s**t, when the top 1% or whatever it is, can't remember the exact percentage, pay 30% of the tax take, you think that's unfair? Give me a break.

Post by **TrueBlueTerrier** » 30 Oct 2016, 18:52

rubberbond wrote:
Trueblueterrrier wrote:The scheme said at the start if you cashed in between 3 and 5 years you would pay tax and NI.

The 12% is the standard rate for employees earning between £155.01 and £827 a week. You pay 12% NIC on your earnings every week on every £1 or 1p that is over £155.01.

Now whether the Taxation regime in the UK is fair is a different topic altogether, but I would say it isn't when the top 10% of earners pay as a percentage of their earnings less than the bottom 10%. http://www.mirror.co.uk/news/uk-news/br ... re-8039058" onclick="window.open(this.href);return false;
What a complete pile of s**t, when the top 1% or whatever it is, can't remember the exact percentage, pay 30% of the tax take, you think that's unfair? Give me a break.

So my opinion is a pile of s**t.

Yes, I think it's unfair, in my opinion, everyone should pay the same percentage of tax from their earnings as everyone else, notice I say the percentage, not the total amount. If they earn more they should pay more, total tax, and certainly not less as a percentage of their earning than the lowest earners.

The Top 1% of earners in the UK take home 21% of earning in the UK. They pay 25% of all tax

Post by **pudz1224** » 31 Oct 2016, 09:20

Hate to say this but it doesn't look like this week, may not even be november woman at HR said it could even be into to december. Make of that what you will.