Share Incentive Plan (SIP)
SIP is a great way for you to invest with National Grid for your future and gain from the success you help create.
You control how much you invest each month. This can be between £10 and £150 (or up to 10% of your gross monthly salary, whichever is lower). This amount will be deducted prior to income tax and National Insurance contributions (NICs).
How does the SIP work?
1.
You control how much you want to invest each month. This can be between £10 and £150 each month.
2.
Deductions will then be taken from your gross pay as soon as they can be applied to your payroll.
3.
Each month Equiniti will use your contribution to buy National Grid shares free of any dealing charges.
4.
You will need to leave your Partnership shares in the SIP for five years to keep the full income tax and NIC savings.
Join online
You can apply to join the SIP at any time, just visit the ESP Portal. If you have not registered for the portal you may need to enter your colleague ID and date of birth.
Join online now (logging in through aNational Grid plc account) Join online now (logging in elsewhere)
If you have any queries or are having difficulties with the application process, please contact Equiniti Limited (EQ) on +44 (0)371 384 2014*
Take a look at the frequently asked questions, they could help you make your decision
View FAQsDo you need more information
If you would like more information or are having difficulties with the application process, please contact Equiniti Limited (EQ) through the National Grid Employee Scheme Helpline on +44 (0)371 384 2014*
- Calls to 03 numbers cost no more than a national rate call to 01 or 02 numbers. Lines are open 8:30am to 5:30pm (UK time), Monday to Friday (excluding public holidays in England and Wales).
