Royal Mail Shares

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mole

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Post by mole » Sat Sep 28, 2013 1:09 pm
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Is there any problem with me buying some Royal Mail shares. I have some contingency money tucked away from overtime.

Cant see anything against this in my proposal and shares are quite liquid and I can get the money back quickly in an emergency.
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markiboy

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Post by markiboy » Sat Sep 28, 2013 2:57 pm
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Be very careful in saying that if your IP knew you had more money than paying back your debt or shares then they will have it!!!!! I got a bonus one xmas and when I had my revue I had to pay it all back. Free of Debt. Good luck.
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Foggy

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Post by Foggy » Sat Sep 28, 2013 3:10 pm
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As long as this money is from your share of the overtime and the rest was accounted for in your IVA there should be no problem.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Shining

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Post by Shining » Sat Sep 28, 2013 9:36 pm
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what would happen if they suddenly increased (I mean significantly) would this been seen as payable into the IVA?
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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MelanieGiles

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Post by MelanieGiles » Sun Sep 29, 2013 11:24 pm
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Nothing to stop you buying the shares with your own money to which the IP is not entitled, but any income received by way of dividends would have to be declared as income, and any gain on the sale would form a windfall.
Regards, Melanie Giles, Insolvency Practitioner
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