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T.o.c share buying

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Leebob34

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Hi all .not sure we are in the right section but here goes any way .
I would just like to ask you guys who are in the business and currently working for the railway or anybody who knows for sure if whilst working for a TOC you get any share buying schemes available or do you get the option to buy shares later on down the line, .i know some companies will pay a little less and give out half a share at certain points so just wondered what the deal was really
Thanks for your time to read this
 
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dk1

dk1

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First Group & GB Railways did a share save scheme. Sadly Abellio does not have shareholders so we cannot benefit. These are the just companies I've worked for.
 
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sd0733

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At the Govia TOCs you can join a share save schem after so long (I think a year) where you select the amount you want to pay per month and at the end of the 5 years you just pick if you want to go through with the purchase or if they've gone down, get your money back.
 
leonardos84

leonardos84

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Leebob34 said:
Hi all .not sure we are in the right section but here goes any way .
I would just like to ask you guys who are in the business and currently working for the railway or anybody who knows for sure if whilst working for a TOC you get any share buying schemes available or do you get the option to buy shares later on down the line, .i know some companies will pay a little less and give out half a share at certain points so just wondered what the deal was really
Thanks for your time to read this
Click to expand...

With swt we got the stagecoach shares with yorkshire bank, eligible to join after 6month for new entrant, been with the scheme for upto 4yrs now, gonna be cashing out soon, also with govia my girlfriend just started with them and she was issued with some forms called BRASS or something like that, she has also joined, so its a proper nice scheme...
 
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theironroad

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leonardos84 said:
ok, there is a form attached to the brass form about different type of funds and share incentive plan which she could join....
Click to expand...

Have a good read of the forms. Brass is the rail industry AVC is second pension scheme. When you join brass you can select the type of funds you want to invest in, is low risk or high risk, UK or worldwide etc. However your brass is an add on to your pension and you draw it when you retire.

Baye or sharesave schemes are different as after the tax free period ( I think 3 or 5 years) you can sell the shares and take the money whatever your age.

Both are taken before tax, so if you are border higher rate tax its def wortyh doing, though worth doing at any wage level as a savings plan.
 
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Leebob34

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Hi all thanks very much for your info ,however could you elaborate a bit more on the baye scheme and do all companies have it ? Might sound a stupid question but shares is something that I'm interested in doing but don't know enough to do it and I was told you need to know a lot about it or have someone who does befor you go ahead . Is that because the share prices might go up or down,tbh I just know how my partners companies works and they only get paid out if and when the companies gets bought out or if they leave they get what ever money they paid for the shares returned
 
leonardos84

leonardos84

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theironroad said:
Have a good read of the forms. Brass is the rail industry AVC is second pension scheme. When you join brass you can select the type of funds you want to invest in, is low risk or high risk, UK or worldwide etc. However your brass is an add on to your pension and you draw it when you retire.

Baye or sharesave schemes are different as after the tax free period ( I think 3 or 5 years) you can sell the shares and take the money whatever your age.

Both are taken before tax, so if you are border higher rate tax its def wortyh doing, though worth doing at any wage level as a savings plan.
Click to expand...

Thanks for the insight mate....cheers
 
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185

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Bought FG Shares in 2004 came eventually to a value of £4000.

Good thing I got out when I did at £4000.

Now *would have* been worth £550. :P
 
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