Postman Pat and his very fat Milton Keynes cat

Royal Mail postman in North Street, Stanground
Royal Mail postman in North Street, Stanground
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Some 1,300 Royal Mail employees in the Milton Keynes area have been awarded a total of £4.6million shares in the newly privatised company.

And according to the Royal Mail only a tiny percentage of the 150,000 UK employees have turned down the chance of becoming city fat cats.

Each eligible full-time employee in Royal Mail is entitled to 725 Free Shares with an initial market value on October 15 of £3,545.25

But the profiting posties won’t be able to cash in all their money immediately as the taxman only allows £3,000 of free shares in any one year. So the balance will be held over until the 2014/15 tax year.

> Are you a Royal Mail employee who has refused the free shares? Register with the site and let us know why below.