How do i release my royal mail employee shares

Royal Mail employee shares, also known as Royal Mail Share Scheme or RMG shares, were offered to Royal Mail employees as part of the company's privatization in 2013. If you are a former Royal Mail employee who received these shares, you may be wondering how to release them. Here's a step-by-step guide to help you:

Check your shareholding status

Before releasing your shares, ensure you have a valid shareholding. You can check your shareholding status by:

  1. Logging into your Royal Mail Share Scheme account online.
  2. Contacting the Royal Mail Share Scheme helpline on 0345 6000 253 (Monday to Friday, 9:00 am to 5:00 pm).
  3. Writing to Royal Mail Share Scheme, PO Box 104, Bristol, BS99 7WS.

Release your shares

To release your Royal Mail employee shares, you can:

  1. Sell your shares: You can sell your shares through a stockbroker or a share dealing platform. You'll need to open an account with a broker or platform and transfer your shares to them. You can then sell your shares at the current market price.
  2. Transfer your shares: You can transfer your shares to another person, such as a family member or friend, or to a trust. You'll need to complete a share transfer form and send it to Royal Mail Share Scheme.
  3. Donate your shares: You can donate your shares to a charity or a community organization. You'll need to complete a share donation form and send it to Royal Mail Share Scheme.
  4. Leave your shares in the scheme: If you're not ready to release your shares, you can leave them in the scheme. Your shares will continue to be held in the scheme, and you'll receive any dividends declared by Royal Mail.

Tax implications

When releasing your Royal Mail employee shares, you may be subject to capital gains tax (CGT) or income tax, depending on the type of release and the value of your shares. It's essential to consult with a tax advisor or financial expert to understand the tax implications of releasing your shares.

Additional information

Remember to carefully consider your options and seek professional advice before releasing your Royal Mail employee shares.