Save a fixed amount from as little as £1.25 to £62.50 per week or £5 to £250 per month directly from your net pay.
A short introduction to Sharesave at NEXT.
Save a fixed amount from as little as £1.25 to £62.50 per week or £5 to £250 per month directly from your net pay.
Choose to save for a period of 3 or 5 years.
The option price is set at a 20% discount to the closing share price on the day before the invitation date.
You will have six months to decide what to do with your savings and bonus*.
You have 3 choices:
If you sell the shares, you will make a profit if the NEXT share price is higher than the option price.
*Sharesave bonus rates were reintroduced by HMRC in August 2023. For further information please see the FAQs.
Example option price: £80 - this is a share price of £100, discounted by 20%
You save £125 a month for 3 years. At the end of the 3 year savings term, the share price…
HAS INCREASED TO £108
You could make a profit of around £1,518 if you sold the shares.
HAS FALLEN TO £80
You can choose to withdraw your savings and bonus, or buy the shares and keep them.
IS LESS THAN £80
Take back your savings and bonus of £4,637.50.
Invitation date – This is the first date for you to apply to join Sharesave 2024
Invitation period closes at 11:59 pm
Deductions from your pay will begin
If you have any questions about Sharesave, please contact EQ, NEXT's Sharesave Administrator:
If calling from overseas +44 (0) 371 384 2170
For deaf and speech impaired participants we welcome calls via RelayUK. Please see www.relayuk.bt.com for more information.
The Employee Helpline is available between 8.30 am - 5.30 pm (UK time), Monday to Friday (excluding public holidays in England and Wales).
Please note that neither NEXT, nor its advisers, can provide you with investment advice. If you have any queries about acquiring NEXT shares you should consult your own independent tax, legal or financial adviser.
Your savings, which are held with Lloyds Bank plc, are your own and are covered by the Financial Services Compensation Scheme ('FSCS'). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For further information about the scheme refer to the FSCS website www.fscs.org.uk or call the FSCS on telephone number 020 7741 4100 or 0800 678 1100. Alternatively, log onto www.lloydsbank.com for further information about the compensation scheme.
The detailed rules of the Plan govern participation and if there is any difference between this booklet and the formal rules and the legislation that governs the Plan, the rules and legislation and any applicable HMRC guidance shall apply and take precedence.