£ 5.25

[fishtank]

At a guess and based on todays price of £5.56, I would say the price would have to be lower than around £4.00 in October, to make selling them now a better deal.

If you factor in the full year dividend it would have to be maybe 10-15p lower than that to make sense. The only reason you would sell now is if you owe your bookie a couple of grand and he's prone to breaking arms for fun.

[mark.cup]

As far as I know the sale proceeds will get paid directly to your bank account in the same way as dividends do.

Thanks

[Robtor]

When October comes around loads of staff will be cashing out their tax free shares, would we get as much for them then or would it be better taking a hit of 32% deducted of the total?

When you sell your free shares before the 5 year deadline, the money is paid via your wages and taxed accordingly.

The headline rate of deductions when selling them is 20% income tax and 12% National Insurance. But those that have already sold have found that they actually pay less NI. That’s because the rate drops to 2% if you earn over a certain amount in any one week.
Therefore the overall NI rate you pay will be less than 12%.

Details of NI rates are here.

At a guess and based on todays price of £5.56, I would say the price would have to be lower than around £4.00 in October, to make selling them now a better deal.

In addition to this, if you have a student loan you'll be hit with an additional 9%. I sold about a grand's worth to pay for new carpets, otherwise definitely hold on to them.

[wandle]

As far as I know the sale proceeds will get paid directly to your bank account in the same way as dividends do.

Think about it for a second. They MUST get paid direct to your bank account.
If the sale proceeds went into your wages, as earned income, tax and NI would get deducted automatically !

[mark.cup]

As far as I know the sale proceeds will get paid directly to your bank account in the same way as dividends do.

Think about it for a second. They MUST get paid direct to your bank account.
If the sale proceeds went into your wages, as earned income, tax and NI would get deducted automatically !

To be honest I was just looking to confirm that 100% as in the very unlikely event it wasn't the case it would gave affected me in ways I won't go in to on here...