To find details of any Royal Mail shares you hold, and your dividend payments, log into your Employee Shares Account at www.royalmailemployeeshares.co.uk.
If you haven’t registered for your account yet, simply visit
www.royalmailemployeeshares.co.uk and follow the instructions.
Dividend Reinvestment Plan (DRIP)
If you have bought Royal Mail shares in your own right, you may have chosen to participate in the DRIP. For more information on the DRIP, click here.
The Share Incentive Plan (SIP) does not operate the DRIP, so any dividends paid on Free, Partnership and Matching shares will be paid in cash.
In April 2016, the Government introduced a new Dividend Allowance specifying that you do not have to pay tax on any income you receive from dividends up to £5,000 a year. This figure was reduced to £2,000 as of April 2018. For any dividend income you receive over that figure, the following rates apply:
7.5% on dividend income for basic rate taxpayers
32.5% on dividend income for higher rate taxpayers
38.1% on dividend income for additional rate taxpayers
If you only receive dividend income from Royal Mail Free Shares you hold, you won’t have to pay any tax on any dividends you may receive on these shares. For more information, visit the Government’s website.
Please note the rules are different for dividends received before 6 April 2016.
For more information, visit the HMRC website.