Postman Pat and his very fat Milton Keynes cat

Royal Mail postman in North Street, Stanground
Royal Mail postman in North Street, Stanground

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.

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