2013 Free Shares: Email Survey  (week commencing 16th May) 

2013 Free Shares: Email Survey 

We have been notified by the business that Equiniti (the share scheme administrator) has sent out a short email survey to 1500 randomly selected employees who were allocated SIP Free Shares in October 2013.

 

According to Royal Mail, the survey aims to “understand what employees are likely to do with their SIP Free Shares in October 2016” when they will be able to sell their shares for the very first time, though this will be subject to tax and National Insurance. Should employees choose to hold on to their shares and sell after 5 years (in October 2018) no tax or NI will be payable.

 

The survey from Equiniti has been sent out this week (week commencing 16th May) and the department therefore wanted to alert Branches to this development.

 

Any questions or further enquiries on this matter should be forwarded to the DGSP Department.

 

Yours sincerely,

Ray Ellis​​​​​​

Acting Deputy General Secretary (P)