The first thing you should do before deciding to sell your SUN shares online as a one-off trade is to look at the current stock price for SUN. You can get the recent share price, the estimated value of your shares, and our estimated fees (for Value Service) by checking our Trade Calculator.

Suncorp Group Limited (SUN) is a Queensland-based financial services conglomerate offering retail and business banking, general insurance, life insurance, superannuation and investment products in Australia and New Zealand. SUN has following five core businesses: Personal Insurance, Commercial Insurance, Vero New Zealand, Suncorp Bank and Suncorp Life.

When do you need the funds?

It is important to consider when and how imperative it is to sell your shares. Our share selling service has been designed to sell issuer sponsored Suncorp Group (SUN) shares cheaply and hassle-free. When dealing with an exchange of funds it does take some time for bank transfers. If you need the funds very quickly, we recommend you complete our Same Day application form. This allows you to sell shares in one day and receive the funds in about three business days.

Is there Capital Gains Tax (CGT) when I sell my shares

When you sell shares there is a tax effect. You will need to talk to an accountant according to your situation, but here are two quick formulas that apply in most circumstances:

• If you have owned your shares for more than 12 months:

Tax Payable = (Sale Price – Purchase Price) x Number of Shares x Your Tax Rate ÷ 2

• If you have owned your shares for less than 12 months:

Tax Payable = (Sale Price – Purchase Price) x Number of Shares x Your Tax Rate

Breaking this calculation down, you will see that we are simply calculating the profit and multiplying by the applicable personal tax rate. If the shares have been held for more than 12 months we halve the tax rate so the capital gains discount (of 50%) applies.

How much will it cost to sell your SUN shares?

There are no fees payable upfront. Brokerage per holding sold is deducted from what you earn from your share sale.

For standard Value Service (shares sold within 1-2 business days), One Off Trades brokerage rate is $95 per parcel up to $10,000 in value, or 0.95% per transaction over $10,000 in value.

For the expedited Same Day Service (shares sold the same day), One Off Trades brokerage rate is $140 per parcel up to $10,000 in value, or 1.4% per transaction over $10,000.

(All figures above are exclusive of GST)

Example of share sale with fees

Example 1 - Selling shares with the minimum brokerage rate
Service	Value		Same Day		VIP
Number of Shares		1,000		1,000		1,000	Emily wants to sell shares in ABC Ltd
Price per Share	$	7.39	$	7.39	$	7.39	Her shares are sold at the best available market price, of $7.39 per share
Gross Proceeds	$	7,390.00	$	7,390.00	$	7,390.00	The proceeds are calculated as the number of shares sold, multiplied by the share price
Fees	$	115.50	$	154.00	$	192.50	$105 + GST for Value, $140 + GST for Same Day, $175 + GST for VIP
Net Proceeds	$	7,274.50	$	7,235.00	$	7,197.50	The total amount deposited directly into Emily's nominated bank account

Example 2 - Selling shares with the percentage brokerage rate
Service	Value		Same Day		VIP
Number of Shares		2,000		2,000		2,000	Emily wants to sell shares in ABC Ltd
Price per Share	$	7.39	$	7.39	$	7.39	Her shares are sold at the best available market price, of $7.39 per share
Gross Proceeds	$	14,780.00	$	14,780.00	$	14,780.00	The proceeds are calculated as the number of shares sold, multiplied by the share price
Fees	$	154.45	$	227.61	$	284.52	0.95% + GST for Value, 1.40% + GST for Same Day, 1.75% + GST for VIP
Net Proceeds	$	14,625.55	$	14,552.39	$	14,495.48	The total amount deposited directly into Emily's nominated bank account

Selling your SUN shares is quick, safe, and simple. To sell your shares you will need to complete the following steps.

• Complete an online share sale form by clicking the SELL YOUR SHARES button at the top of the website. You may choose which ever service suits you the best.
• Verify your ID online.

When we receive your one off trade request we will verify your identification document(s), and confirm the holding details with the Share Registry.

Your shares will be sold between market open hours, which are approximately 10am to 4pm (Sydney time) Monday to Friday (unless the market is closed for a national public holiday or similar). We endeavour to execute and sell your shares as soon as possible and normally do so within approximately two business days, depending on the service that you have chosen.

On the day your shares are sold, you will receive a Contract Note via email detailing the price your shares were sold, the brokerage charged, and the net proceeds payable to you. The net consideration will be transferred to your nominated bank account on the second business day after your order has executed.