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selling shares which no tax is payable

The latest news and discussion on Royal Mail Shares.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
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taxi4leighton
Posts: 343
Joined: 11 Oct 2007, 14:05

selling shares which no tax is payable

Post by taxi4leighton »

are there any shares that we were issud with which i can sell without paying tax?.
these include ones bought through PAYE
also can i just sell the ones which are tax free
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RobertT
EX ROYAL MAIL
Posts: 6682
Joined: 09 Sep 2007, 14:26
Gender: Male

selling shares which no tax is payable

Post by RobertT »

You can sell any shares you bought via the SAYE scheme any time you want, tax free.

You can't sell the first batch of free shares tax free until 15th October 2018.
Links to all RM pension related websites are here
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taxi4leighton
Posts: 343
Joined: 11 Oct 2007, 14:05

selling shares which no tax is payable

Post by taxi4leighton »

is that not october 2017
then april 2018
for second batch
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TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72658
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

selling shares which no tax is payable

Post by TrueBlueTerrier »

taxi4leighton wrote:is that not october 2017
No this year, 5 years after privatisation.
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RobertT
EX ROYAL MAIL
Posts: 6682
Joined: 09 Sep 2007, 14:26
Gender: Male

selling shares which no tax is payable

Post by RobertT »

The free shares allocation dates are as follows:

15th October 2013
9th April 2014
5th October 2015
6th October 2016

You have to wait 5 years to sell any batch tax free, unless you’re a good leaver.
Links to all RM pension related websites are here
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taxi4leighton
Posts: 343
Joined: 11 Oct 2007, 14:05

selling shares which no tax is payable

Post by taxi4leighton »

thanks robert you really know your stuff
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