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Author Topic: SAYE options after redundancy?  (Read 4487 times)

5oysterman2

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SAYE options after redundancy?
« on: 07-06-19, 04:06PM »
My wife has misplaced the letter from Equiniti. What options does she have with her SAYE savings. If it has been covered before, my apologies. Thanks in advance👍

tick tock

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Re: SAYE options after redundancy?
« Reply #1 on: 07-06-19, 04:27PM »
1.use the money she has in saye to buy shares at the option price.
2.Carry on saving until maturity and you will get all money back(basically a saving plan without any interest)
3.Take all your money out as cash.
I got my letter today. J

Notorious3

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Re: SAYE options after redundancy?
« Reply #2 on: 07-06-19, 07:46PM »

tick tock

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Re: SAYE options after redundancy?
« Reply #3 on: 07-06-19, 09:04PM »
Sorry I posted it back this morning.

Fair play

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Re: SAYE options after redundancy?
« Reply #4 on: 08-06-19, 11:00AM »

Notorious3

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Re: SAYE options after redundancy?
« Reply #5 on: 08-06-19, 11:47AM »
Thanks Fair Play, and to confirm this is the SAYE letter.

Fair play

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Re: SAYE options after redundancy?
« Reply #6 on: 08-06-19, 12:40PM »

Notorious3

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Re: SAYE options after redundancy?
« Reply #7 on: 08-06-19, 01:04PM »
Brilliant, thanks.

Notorious3

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Re: SAYE options after redundancy?
« Reply #8 on: 14-06-19, 12:32AM »

wizard

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Re: SAYE options after redundancy?
« Reply #9 on: 14-06-19, 06:11AM »

tick tock

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Re: SAYE options after redundancy?
« Reply #10 on: 14-06-19, 08:17AM »

Notorious3

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Re: SAYE options after redundancy?
« Reply #11 on: 14-06-19, 09:50AM »
Yea I posted it back on Monday, I selected the first option which I took to be as exercise my option then signed each sheet for each scheme.

tick tock

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Re: SAYE options after redundancy?
« Reply #12 on: 14-06-19, 10:05AM »
Yea I posted it back on Monday, I selected the first option which I took to be as exercise my option then signed each sheet for each scheme.
It's a waiting game now before they release shares into your share account and then you can do what ever with your shares.

Pollypest

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Re: SAYE options after redundancy?
« Reply #13 on: 14-06-19, 10:48AM »
I returned mine on the 6/6 selecting the option to buy shares, I have 5 saye,and yesterday noticed that one of them, which was the last one taken out has been converted to shares, the other 4 will be done by the 11th July, not really sure why, because it was not really explained.  Oh and the last one was a 3 year option the other 4 were 5 year options, so I'm not sure if that has anything to do with it.

Notorious3

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Re: SAYE options after redundancy?
« Reply #14 on: 14-06-19, 11:02AM »
I just contacted equinti I returned my forms stating 2 instructions, exercise my option and return the cash. So rather than them contact me on my mobile number which I filled into each form they just returned the cash into my account. They said they done this as I can still exercise my option. I now have to return the money to them by writing 5 cheques and add a cover letter. Pain in the ass when a 2 min phone call would have saved all this.

hot_chick

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Re: SAYE options after redundancy?
« Reply #15 on: 14-06-19, 11:57AM »
I opted to buy the shares so do I get a share cert or do equiniti convert to shares and hold them until you're  ready to sell them??  As I wanted to buy the shares and sell straight away but when I rung equiniti I was told that was not an option if you had left.

I need to the money asap!!!!
« Last Edit: 14-06-19, 11:58AM by hot_chick »

tick tock

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Re: SAYE options after redundancy?
« Reply #16 on: 14-06-19, 12:47PM »
As my previous post.  If you're opted for shares then they will be put into your share account and you will be able to do live share dealing in order to sell all or part of your holding.  Hope this helps.

hot_chick

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Re: SAYE options after redundancy?
« Reply #17 on: 14-06-19, 02:09PM »
tick tock

thanks for the info I've been waiting for the cert...lol..

wizard

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Re: SAYE options after redundancy?
« Reply #18 on: 14-06-19, 03:02PM »

tick tock

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Re: SAYE options after redundancy?
« Reply #19 on: 14-06-19, 03:18PM »
Wizard

Please read my earlier post.
You will only get certificates if requested from the shares in your SIP account if you had any.

wizard

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Re: SAYE options after redundancy?
« Reply #20 on: 14-06-19, 03:32PM »

tick tock

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Re: SAYE options after redundancy?
« Reply #21 on: 14-06-19, 03:58PM »
You can also do telephone dealing.  You will need your share reference number.

jackwills

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Re: SAYE options after redundancy?
« Reply #22 on: 14-06-19, 07:22PM »
« Last Edit: 14-06-19, 07:23PM by jackwills »

Setmefree

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Re: SAYE options after redundancy?
« Reply #23 on: 14-06-19, 09:09PM »
I bought my shares and they sent me a certificate in the post and they also sent me a certificate for my free shares as well.

hornimans135

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Re: SAYE options after redundancy?
« Reply #24 on: 19-06-19, 09:55AM »
hi folks I'm likely to be taking early retirement soon and have 3 SAYE accounts what are my options? Will I be able to by shares at the option price, how can I avoid losing a lot of money?

 

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