The questions answered are:
- Do I Qualify For The Windfalls? If you had a with-profits policy with Standard Life on 30 March 2004 that you still hold now, you will be eligible for free shares.
- How Much Will I Get? Standard says that about half its members will receive shares worth between Â£490 and Â£1,000. You may get more, you may get less.
- When Will I Get My Windfall? Standard says that shares will be issued to members “as soon as practical” after flotation, which is currently scheduled for July.
- Should I Sell My Shares? A tricky one – depends whether you think the prospects for companies like Standard Life are good or not.
- Will I Have To Pay Tax on my Shares? Not on receiving them, but you may have to pay capital gains tax when you sell.
- Can I Buy More Shares? If you think the prospects for Standard Life are good, then members, customers and employees will be entitled to buy additional shares at a discount to the listing price – expected to be between 5 and 10 per cent.
- What Should I Do With My Standard Life Policies? Another tricky answer – best to check the exit penalties first and then decide whether it’s worth it.
For more detailed answers to all of these important questions, read the article.
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