How do i sell my staff royal mail shares
Congratulations on holding Royal Mail shares! Selling your shares can be a straightforward process, but it's essential to understand the steps involved and the potential costs associated with selling. Here's a step-by-step guide to help you sell your Royal Mail shares:
Option 1: Sell through a Stockbroker
- Choose a stockbroker: You can use a traditional stockbroker, online trading platform, or a discount broker. Some popular options include:
- Hargreaves Lansdown
- Alliance Trust Savings
- Fidelity International
- Interactive Investor
- AJ Bell Youinvest
- Open an account: Sign up for an account with your chosen stockbroker. You'll need to provide identification and proof of address.
- Fund your account: Deposit money into your account to cover the sale of your shares.
- Place an order: Log in to your account and place a sell order for your Royal Mail shares. You can choose from various order types, such as market order, limit order, or stop-loss order.
- Confirm the sale: Once your order is executed, you'll receive a confirmation email or notification from your stockbroker.
Option 2: Sell through a Share Dealing Platform
- Choose a share dealing platform: Platforms like:
- Share Centre
- The Share Shop
- ShareDealing
- Alliance Trust Savings (also offers stockbroking services)
- Open an account: Sign up for an account with your chosen platform. You'll need to provide identification and proof of address.
- Fund your account: Deposit money into your account to cover the sale of your shares.
- Place an order: Log in to your account and place a sell order for your Royal Mail shares.
- Confirm the sale: Once your order is executed, you'll receive a confirmation email or notification from the platform.
Option 3: Sell through a Royal Mail Share Dealing Service
- Contact Royal Mail: Reach out to Royal Mail's share dealing service, which is managed by Equiniti. You can contact them by phone or email.
- Provide share details: Provide your share certificate or CREST account details to Equiniti.
- Place an order: Inform Equiniti of your intention to sell your Royal Mail shares. They will guide you through the process and provide a valuation.
- Confirm the sale: Once your order is executed, you'll receive a confirmation email or notification from Equiniti.
Important Considerations
- Fees: Be aware of the fees associated with selling your shares, which may include brokerage fees, stamp duty, and any other charges.
- Tax implications: Selling your shares may have tax implications, such as capital gains tax. Consult a tax professional or financial advisor to understand your obligations.
- Share price volatility: Royal Mail's share price can be volatile, so be prepared for potential fluctuations.
- Crest account: If you hold your shares in a CREST account, you may need to use a CREST-enabled stockbroker or share dealing platform to sell your shares.
Before selling your Royal Mail shares, ensure you understand the process, fees, and tax implications involved. It's also a good idea to consult with a financial advisor or tax professional if you're unsure about any aspect of the process.