Sold shares

roberts321 · Post by **roberts321** » 31 Oct 2016, 15:39

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.

I think we're all best to go by THAT statement on the Royalmail share account page ... it's unlikely that they would put out a statement if it was'nt true !!

mark02 · Post by **mark02** » 31 Oct 2016, 15:50

roberts321 wrote: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.

I think we're all best to go by THAT statement on the Royalmail share account page ... it's unlikely that they would put out a statement if it was'nt true !!

Thanks , wish people like Andy and pudz would stop putting other dates on here !

freemoyoyo · Post by **freemoyoyo** » 31 Oct 2016, 16:13

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.

No need to be a w****r, I just thought tax would be the main priority, I thought I already paid my maximum ni through my wage, that's all.

Post by **pudz1224** » 31 Oct 2016, 17:45

Can't help what we got told if u phoned hr they would tell u the same thing. Can't guarantee it for this week. Is this forum not giving folk a heads up so when Friday comes and it may not be there folk know

CLINTEASTWOOD · Post by **CLINTEASTWOOD** » 31 Oct 2016, 18:25

pudz1224 wrote:Can't help what we got told if u phoned hr they would tell u the same thing. Can't guarantee it for this week. Is this forum not giving folk a heads up so when Friday comes and it may not be there folk know

I was told today that as long as the shares were sold on the 17/10/2016 then the moneys WILL be in this weeks pay if your paid weekly.

Richardyeah · Post by **Richardyeah** » 31 Oct 2016, 18:54

Mine were sold on the 20th so does that mean mine will be paid next week you think?

eddie5887 · Post by **eddie5887** » 31 Oct 2016, 18:57

Mine were sold on the 18th so going off post above then if they were sold between 17-23 Oct then should be in this weeks wage 4th nov

Richardyeah · Post by **Richardyeah** » 31 Oct 2016, 19:00

Just a case of wait and see then I think lol

eddie5887 · Post by **eddie5887** » 31 Oct 2016, 19:17

Think that's all we can do tbh. That is what has come off of royal mail share page and everything else just seems to contradict that statement. Those that have sold, myself included will be eagerly awaiting the arrival of our payslips Thursday :-)

Post by **pudz1224** » 31 Oct 2016, 20:32

correct....well my missus will be eagerly awaiting lol

eddie5887 · Post by **eddie5887** » 31 Oct 2016, 20:51

Lol i might just tell mine its not going in until December and let it sit in my account for a bit :-) At least then i may get some of it (even if its just the interest it has accrued) Haha

brentford · Post by **brentford** » 31 Oct 2016, 21:18

looks like A few colleagues will be going for a jolly Friday night

going too be fun watching the governors trying to cover the deliveries on Saturday

Pharox · Post by **Pharox** » 01 Nov 2016, 15:39

I emailed justsayit@ last Friday, this is the reply.

JustSayIt
13:25 (2 hours ago)

to me
Dear Kevin

Thank you for your email. I have been asked to reply to you.

I am sorry to hear about the concern shared. Because colleagues are selling before the 5 year tax free period, tax has to be paid through payroll so that the right tax can be applied. The Equiniti portal and automated phone service is clear that payments will not start until 4 November pay or November salary and thereafter on the next available pay run after sale completion. Colleagues can be assured that Royal Mail is not gaining financially from the transaction and is acting in the interest of colleagues by taking all appropriate steps to ensure proceeds are paid without error.

Kind Regards

Gary Redmond
Chief Executive’s Office
Royal Mail HQ
100 Victoria Embankment
LONDON
EC4Y 0HQ

External Email: gary.redmond@royalmail.com

I'm guessing that means, we should get the money this Fri?

eddie5887 · Post by **eddie5887** » 01 Nov 2016, 16:46

Definitely looks as though the people that sold in the first week will be paid this coming Friday. Anyone that is monthly paid will receive money at end of month in their pay. Happy days :-)

TERRYMARDON · Post by **TERRYMARDON** » 01 Nov 2016, 18:13

barneyrotts wrote:Mine were sold on 18th,so surely this weeks wages.

manager phoned hr and was told payment date will be the 4th