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Posted: Sat Sep 28, 2013 1:09 pm
by mole
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.
Posted: Sat Sep 28, 2013 2:57 pm
by markiboy
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.
Posted: Sat Sep 28, 2013 3:10 pm
by Foggy
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.
Posted: Sat Sep 28, 2013 9:36 pm
by Shining
what would happen if they suddenly increased (I mean significantly) would this been seen as payable into the IVA?
Posted: Sun Sep 29, 2013 11:24 pm
by MelanieGiles
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.