Royal Mail Shares

inversions

Glen_Clark wrote: »

use a telephone share dealing service to sell them immediately. Or to save costs you can transfer them into an online account free, and then sell them for a lower commission.

So, you mean I would look to set up an 'online share dealing account'? Any pointers on that or should I just google the phrase?

A_Flock_Of_Sheep

Whatever the "risks" of buying shares, Royal Mail's certainly seem to have caused popularity.

Glen_Clark

inversions wrote: »

So, you mean I would look to set up an 'online share dealing account'? Any pointers on that or should I just google the phrase?

I use http://www.x-o.co.uk/ and have no complaints
More info on this thread: https://forums.moneysavingexpert.com/discussion/4778935

chucknorris

custardy wrote: »

far more?
well the lad that just left my old office for a courier route in the Borders, is on a slightly higher wage

Don't underestimate the 'added' value of the public sector pension, mine adds 38% to my salary.

custardy

chucknorris wrote: »

Don't underestimate the 'added' value of the public sector pension, mine adds 38% to my salary.

maybe,however you assume he was on a final salary pension
that is now gone

Basil74

I've never dealt in shares before but I'm considering having a go on these.

Lets say I buy for £7,000 and sell for £9,000...As a basic rate taxpayer can someone give me a very rough figure of what percentage of any profit would be taxed? Are we talking 3% or 30%??

In answer to the earlier question the nominee share service (Equiniti) charge 1% of the transaction. With a minimum of (I think) £17.50

Glen_Clark

Basil74 wrote: »

I've never dealt in shares before but I'm considering having a go on these.

Lets say I buy for £7,000 and sell for £9,000...As a basic rate taxpayer can someone give me a very rough figure of what percentage of any profit would be taxed? Are we talking 3% or 30%??

The first £10,900 of your capital gains (profits) in this tax year are tax free

Basil74

Thanks for that Glen!

chucknorris

custardy wrote: »

maybe,however you assume he was on a final salary pension
that is now gone

Gone for new entrants yes, but as far as I know existing members are still accruing benefits in the old pension scheme. I didn't assume anything, melbury did, I just pointed out the added value of being a member of the old pension scheme. Although I think a lot of the public sector pension scheme members don't realise how lucky they are to enjoy such a generous pension benefit.

Glen_Clark

chucknorris wrote: »

a lot of the public sector pension scheme members don't realise how lucky they are to enjoy such a generous pension benefit.

Absolutely - especially when you work out how expensive a public sector level of pension would be to buy on the open market now. I don't know about Postmen, but many Teacher's pensions would cost well over a million pounds!!