Save As You Earn is back.
Opens - 9am 21 November
Closes - 5pm 5 December
The discounted option price is:
£3.53
Watch this short video to see how Save As You Earn works.
How it works
Your savings are taken directly from your pay after tax, every four weeks and put into a SAYE account in your name. Your savings will start being taken from your pay at the end of January 2026.
You can save between £5 and £500, every four weeks, for a three or five year savings period. If you're saving for three years, you'll need to make 36 four-weekly payments. If you're saving for five years, you'll need to make 60 four-weekly payments.
*If you already participate in SAYE and want help to decide how much you can afford to save, details of your current SAYE Schemes are available online through the Shares Portal - esp-portal.com/clients/tesco. Although the maximum amount that can be saved every four weeks across all Schemes is £500, if you’re saving into the 2020 Five year Scheme or the 2022 Three year Scheme and haven’t missed any payments, the amounts you’re saving into these Schemes won’t count towards the £500 limit.
At the end of your savings period, you can buy shares at a discounted option price which is set on the invitation date. The great news is that the discount for this year is 20%. For example if the Tesco share price at the time of the invitation was £4.40, the discounted option price would be set at £3.52.
At the end of your savings period, you’ll receive a tax-free bonus.
Find out more in the FAQ's, or use the Calculator to see what your bonus might be.
If you change your mind or your circumstances change at any point during your savings period, you can stop saving and get your money back.
You can miss up to 12 payments (a 'savings holiday'), but each one missed will mean your savings period is extended by a month, so your Scheme will mature later. If you go on maternity, adoption or additional paternity leave you can make arrangements to continue contributing by calling the Tesco Shares Helpline on +44 (0)371 384 2976.
If you leave Tesco at any time during your savings period because you’re made redundant, or retire, you may be able to buy a reduced number of Tesco shares within six months of leaving.
If you leave Tesco for any other reason before the end of your savings period then you can either get all your money back, or you can choose to carry on saving privately into your Save As You Earn account. If you continue saving, you won’t be able to buy shares at the discounted option price if you left within three years of the option grant date.
Three steps to join SAYE
1 Decide how much to save
You can choose to save between £5 and £500 every four weeks. The amount you choose will be taken directly from your pay after tax.
2 Decide how long to save for
Once you’ve chosen how much you’re going to save (between £5 and £500), you need to choose whether to save for three or five years. You can use the calculator to see how much you'll have saved at the end.
3 Apply
There are two ways to apply for this years SAYE Scheme. Decide which one is best for you by reading the How to apply section.
You will require your employee number to apply. This needs to be entered as 8 digits, if your employee number is less than 8 digits, please add leading zeros for example 00123456.
How to apply
Application Methods
App
OnlineThe EQ Share Plans App lets you easily view, track and manage your shares anytime, anywhere - giving you more control and flexibility over your financial goals. To get started, simply scan the QR codes or search for 'EQ Share Plans' in the 'App Store' or 'Play Store'.
If you’ve previously registered for the online Shares Portal, you can use the same login details to access the app.
When accessing the app please select Tesco PLC under the company dropdown.
Apply online at esp-portal.com/clients/tesco and follow the on screen instructions.
If you haven’t already registered for the Shares Portal, you’ll need your activation code, which you can find on your Invitation Postcard. For more information on how to register, watch this short video about registering for the Shares Portal.
Once you’ve submitted your application you’ll need to review your confirmation page and print or save it until you get your Option Certificate by email.
Key dates
21 Nov 2025
Invitation date and discounted option price set
5 Dec 2025
5pm closing date for applications
30 Jan 2026
First savings amount taken from your pay after tax
Mar 2026
Savings contract start date
Mar 2029
Three year savings period ends - shares available to buy at the discounted option price
Mar 2031
Five year savings period ends - shares available to buy at the discounted option price
Useful documents
Do you have any more questions about Save As You Earn?
FAQsPlease select your Scheme:
You’ve finished saving into your 2022 Three Year Save As You Earn Scheme – congratulations!
You joined this Scheme in November 2022 with the discounted Option Price of £1.82.
The Scheme matures on 1 March 2026.
What do I need to do now?
- You have between now and 31 August 2026 to decide what to do with your savings.
- Want help understanding your choices before you decide? Join a webinar with WEALTH at Work here. They'll walk you through the choices available and explain any tax implications. You'll also have the chance to ask questions.
- If you're unable to join a webinar then you can watch a recorded version here (available from 13 February).
- Watch this video all about Capital Gains Tax and what that may mean for you here.
- You have four choices listed in this online guide. It's important to fully consider all your choices as once you submitted your choice it can't be changed.
- If you haven't made a choice by 31 August 2026, you'll miss out on being able to buy shares at the discounted Option price of £1.82.
Key dates
20 Feb 2026
Tell us by 6pm (UK Time) what you'd like to do with your savings
1 Mar 2026
Scheme end date – the earliest date you can buy shares
31 Aug 2026
The final date to tell us what you’d like to do with your savings
Any request received before 6pm on a Friday after 27 February 2026 will be actioned the following Thursday*. Please note that the sell and transfer to ISA choices are only available for the first six months from 1 March 2026. If your maturity date is later than 1 March 2026, due to missed contributions, and your Option cannot be exercised before 10 September 2026, any request to sell or transfer shares to the ISA will not be actioned. The default of holding shares in the Tesco Share Account will be applied.
* For the weeks with a UK public holiday on the Monday, the Thursday process date will be pushed out to the Friday. These are Friday 10 April, 8 May, 29 May and 4 September.
Please note:
The Scheme End Date is 1 March 2026 if you’ve not missed any payments. Or, if you’ve missed one or more payments, you have until six months after your Scheme End Date to buy shares to keep.
Your four choices
Buy shares at £1.82 each and keep them safely in your Tesco Share Account (run by Equiniti Financial Services Limited). Later, you can choose to sell them. If the share price is higher when you sell, you’ll make a profit.
By keeping your shares in the Tesco Share Account (TSA):
- You benefit from buying shares at the Option Price of £1.82
- You become a Tesco Shareholder, or increase the number of Tesco shares you have
- Your dividends will normally be reinvested through our Dividend Reinvestment Plan (DRIP). If you’d prefer cash paid straight into your bank account*, just update your DRIP choice and let us know
- You can view and sell your shares online, and have the sale proceeds (money) sent direct to your bank account
Your Tesco Share Account lets you hold and manage your shares online — no paper certificates to worry about. Plus, you’ll get access to lower share dealing rates with Equiniti Financial Services Limited.
*The default dividend choice for the TSA is to reinvest cash dividends into the DRIP and any additional shares purchased will be held in accordance with the TSA (Corporate Sponsored Nominee) Terms and Conditions.
If you prefer not to have your dividends reinvested on your TSA shares, you can log into your Shares Portal account, select Tesco Share Account and submit an instruction to amend your preference. Please note that when amending your instruction you must provide valid bank account details by the dividend record date, otherwise your cash dividends will not be issued to you and you may be charged a fee for their release.
Buy shares at £1.82 each and sell some or all through the Equiniti Financial Services Limited Share Sale Service. If the share price is higher when you sell, you could make a profit.
By selling your shares:
- If the Tesco share price is higher than £1.82, you could make a profit
- You’ll get the sale proceeds (minus charges) paid into the same bank account that you receive your pay
- If you only sell some shares the rest will stay in your Tesco Share Account. One will be opened for you if you don’t already have one
Shares are sold on the dates shown in the following table. The sale price depends on the Tesco Share Price on the day they’re sold, so you won’t be able to choose the price.
| Submit your choice by (6pm UK Time) | Sale Date |
|---|---|
| 20 February 2026 | 2 March 2026 |
| 27 February 2026 | 5 March 2026 |
| 6 March 2026 | 12 March 2026 |
| Instructions will continue to have a weekly deadline, 6pm every Friday | Sales will continue to be processed weekly, every Thursday* |
*Unless the Thursday is a public holiday in England and Wales in which case shares will be sold the next UK working day
You won’t have any control over the share price: the sale price will be the price achievable when the trade is placed in the market.
Remember, share prices can go down as well as up
You could make money if Tesco’s share price is higher than the Option Price of £1.82 when you sell (after charges).
- Selling charges: Equiniti Financial Services Limited (“EFSL”) takes 0.5% commission, minimum £25, automatically when you sell.
- Payment: Sale proceeds (minus charges) go straight to the bank account where you get paid. It can take up to 5 working days after the trade completes.
- Timing: You can sell for six months after your maturity date. Your scheme must be exercised by 10 September 2026, and the last date to submit a sell instruction is 31 August 2026.
- If you submit a sell instruction before 31 August but your scheme ends on or after 1 October, your choice will change to Buy Shares to Keep, and the shares will go into your Tesco Share Account.
IMPORTANT: Before selecting the sell choice, please make sure you have read and understood the Paying tax section as you may be liable to paying Capital Gains Tax (CGT) if you exceed the CGT annual allowance. New for this year: You've got access to webinars all about your four choices and the potential impact of CGT here.
Buy shares at £1.82 each and move them into an EQi Flexible Stocks & Shares ISA (“EQi ISA”) (within your ISA allowance). If you sell later and the share price is higher, you could make a profit.
By transferring your shares to an EQi ISA:
- You buy at the Option Price of £1.82
- There’s no income tax on any dividends
- There’s is no charge for transferring shares
- If you move them within 90 days of them being made available to you, you won’t pay any Capital Gains tax when you sell them from the ISA
Your shares will be valued and transferred to the EQi ISA, normally on the following dates.
| Submit your choice by (6pm UK Time) | ISA Date |
|---|---|
| 20 February 2026 | 2 March 2026 |
| 27 February 2026 | 5 March 2026 |
| 6 March 2026 | 12 March 2026 |
| Instructions will continue to have a weekly deadline, 6pm every Friday | ISA will continue to be processed weekly, every Thursday* |
*Unless the Thursday is a public holiday in England and Wales in which case shares will be transferred the next UK working day.
- It’s available for six months after your maturity date (from 1 March 2026). Your scheme must be exercised by 10 September 2026, and the last date to submit an ISA instruction is 31 August 2026.
- If you submit an ISA instruction before 31 August but your scheme ends on or after 1 October, your choice will change to Buy Shares to Keep, and the shares will go into your Tesco Share Account.
ISA allowance:
For the 2025/26 tax year, the limit is £20,000
(minus any other ISA contributions).
Any shares over this limit will go into an EQi Dealing Account, and an
ISA Custody fee will apply.
Already have a Stocks and Shares ISA?
If you choose to move shares into an EQi ISA and you’ve got one with another provider, you can ask to combine them so everything’s in one place.
For more information on the EQi Flexible Stocks & Shares ISA, including charges, please see the dedicated EQi ISA page.
By taking your savings back:
- You won't get the discounted option price of £1.82
- Your savings will be paid back by BACS to the same bank account you receive your pay
- Changed your mind? If the Tesco Share Price is higher than £1.82, you can buy shares at £1.82 before the 'Last date to buy shares at the discounted Option Price' shown on your statement
- To request a repayment, you'll need to call the Shares helpline as you can't do this on the Shares Portal or through the EQ Share Plans App
Please note: Once you place your maturity instruction, it can’t be changed or cancelled no matter the circumstance.
If you need help with making the decision that is right for you, please check the decision tree for more information.
A helpful example
These examples assume you sell all of your shares at once and haven't made any other profit in the tax year that could be taxable. For a better understanding please use the calculator to see if, by selling your shares, you'll have to pay Capital Gains Tax ('CGT').
| Example One | Example Two | |
|---|---|---|
| Amount you saved every four weeks | £25.00 | £500.00 |
| Total savings after three years
(36 payments) |
£900.00 | £18,000.00 |
| The number of shares you can buy at the Option Price of £1.82 | 494 shares | 9,890 shares |
| Sale amount if you sold all shares you bought at the discounted Option Price of £1.82 at £4.20 a share | £2,074.80 | £41,538.00 |
| Selling charges | £25.00 | £207.69 |
| Profit (sale amount minus cost of the Option Price shares sold and selling charges) | £1,150.72 | £23,330.51 |
| Capital Gains Tax charge if you sold all shares in 2025/26 tax year? | No - profit is less than £3,000 | Yes - profit is more than £3,000. Any profit over this will be taxable. |
How to make your choice
You can make your choice online on the Shares Portal
Log in and click on the 'I want to section' and follow the instructions.
Make your choice- If you haven’t already registered, you’ll need your Activation Code which you can find on the letter or email you received about your SAYE scheme maturing.
- Tesco colleagues can also access the Shares Portal through your Total Reward Statement too.
Download the EQ Share Plans App*
Scan the QR code below to download the EQ Share Plans App or search for 'EQ Share Plans' in the 'App Store' or 'Play Store'.
Things to remember
- If you buy shares at £1.82 and sell some or all of them at the same time, Equiniti Financial Services Limited (EFSL) will charge 0.5% (min. £25) to sell them for you
- The charge is taken from the total sale amount at the end. For example, if the sale is £3,600, then EFSL will charge £25.00
- If the Share Price drops after you’ve chosen to buy and sell, you could end up with less money after charges are applied, than if you’d taken your savings back
- If you keep shares in a Tesco Share Account and sell online later, EFSL currently charge 1% (minimum £20) to sell them. For sales over £50,000: the charge is 1% on first £50,000, plus 0.25% on the rest. Rates shown were current at the time of publication of this document, however, these are subject to change. To ensure that you are aware of the current applicable rates prior to dealing, please ensure that you have read the latest Terms and Conditions which can be found here.
New for this year: You've got access to webinars all about your four choices and the potential impact of Capital Gains Tax.
- You don’t pay Income Tax or National Insurance Contributions (NICs) on your savings or when you buy shares
- If you sell your shares, you may have to pay Capital Gains Tax (CGT) if your total profit in a tax year is more than £3,000 for 2025/26. This includes gains from selling other shares or assets.
- If you think you’ll go over the CGT exemption limit, you could sell fewer shares or use an ISA. Please see details on CGT on the FAQs
- Use the SAYE Maturity Calculator to see if you might exceed the CGT allowance when selling your shares
- If you owe CGT, you can:
- File a self-assessment - read more at gov.uk/capital-gains-tax
- You can use the ‘real-time’ CGT service
- If you buy shares to keep, you may need to pay tax on your dividend payments. Tax is payable on dividends if the total amount of dividends you receive from your shares in a tax year, together with the dividends paid on any other shares you hold including cash dividends paid on Share Incentive Plan Shares, is more than the dividend allowance. The dividend allowance is £500 for the 2025/26 tax year. Read more at gov.uk/tax-on-dividends
- Tesco share prices can go up or down between the time you make your choice and when it’s processed.
- Changes can happen because of world or political events – sometimes these changes are big.
- This means the amount you get could be less than expected.
This means the amount you get could be less than expected:
- Your choice won’t be processed that week and will roll over to the next.
- If the price stays below the Option Price, Equiniti will contact you.
- You can’t set a target price for selling Tesco shares.
- The sale price will be whatever the market achieves when your sale goes through.
- Shares will only sell if the share price is above your Option Price.
Important: If you’re restricted by the Tesco Share Dealing Code, you’ll have been told. Need more details? Visit the Tesco Insider Portal
Useful documents
2022 Three Year Sharesave Scheme
You’ve finished saving into your 2020 Five Year Save As You Earn Scheme – congratulations!
You joined this Scheme in November 2020 with the discounted Option Price of £1.98.
The Scheme matures on 1 March 2026.
What do I need to do now?
- You have between now and 31 August 2026 to decide what to do with your savings.
- Want help understanding your choices before you decide? Join a webinar with WEALTH at Work here. They'll walk you through the choices available and explain any tax implications. You'll also have the chance to ask questions.
- If you're unable to join a webinar then you can watch a recorded version here (available from 13 February).
- Watch this video all about Capital Gains Tax and what that may mean for you here.
- You have four choices listed in this online guide. It's important to fully consider all your choices as once you submitted your choice it can't be changed.
- If you haven't made a choice by 31 August 2026, you'll miss out on being able to buy shares at the discounted Option price of £1.98.
Key dates
20 Feb 2026
Tell us by 6pm (UK Time) what you'd like to do with your savings
1 Mar 2026
Scheme end date – the earliest date you can buy shares
31 Aug 2026
The final date to tell us what you’d like to do with your savings
Any request received before 6pm on a Friday after 27 Feb 2026 will be actioned the following Thursday*. Please note that the sell and transfer to ISA choices are only available for the first six months from 1 March 2026. If your maturity date is later than 1 March 2026, due to missed contributions, and your Option cannot be exercised before 10 September 2026, any request to sell or transfer shares to the ISA will not be actioned. The default of holding shares in the Tesco Share Account will be applied.
* For the weeks with a UK public holiday on the Monday, the Thursday process date will be pushed out to the Friday. These are Friday 10 April, 8 May, 29 May and 4 September.
Please note:
The Scheme End Date is 1 March 2026 if you’ve not missed any payments. Or, if you’ve missed one or more payments, you have until six months after your Scheme End Date to buy shares to keep.
Your four choices
Buy shares at £1.98 each and keep them safely in your Tesco Share Account (run by Equiniti Financial Services Limited). Later, you can choose to sell them. If the share price is higher when you sell, you’ll make a profit.
By keeping your shares in the Tesco Share Account (TSA):
- You benefit from buying shares at the Option Price of £1.98
- You become a Tesco Shareholder, or increase the number of Tesco shares you have
- Your dividends will normally be reinvested through our Dividend Reinvestment Plan (DRIP). If you’d prefer cash paid straight into your bank account*, just update your DRIP choice and let us know
- You can view and sell your shares online, and have the sale proceeds (money) sent direct to your bank account
Your Tesco Share Account lets you hold and manage your shares online—no paper certificates to worry about. Plus, you’ll get access to lower share dealing rates with Equiniti Financial Services Limited.
*The default dividend choice for the TSA is to reinvest cash dividends into the DRIP and any additional shares purchased will be held in accordance with the TSA (Corporate Sponsored Nominee) Terms and Conditions.
If you prefer not to have your dividends reinvested on your TSA shares, you can log into your Shares Portal account, select Tesco Share Account and submit an instruction to amend your preference. Please note that when amending your instruction you must provide valid bank account details by the dividend record date, otherwise your cash dividends will not be issued to you and you may be charged a fee for their release.
Buy shares at £1.98 each and sell some or all through the Equiniti Financial Services Limited Share Sale Service. If the share price is higher when you sell, you could make a profit.
By selling your shares:
- If the Tesco share price is higher than £1.98, you could make a profit
- You’ll get the sale proceeds (minus charges) paid into the same bank account that you receive your pay
- If you only sell some shares, the rest will stay in your Tesco Share Account. One will be opened for you if you don’t already have one
Shares are sold on the dates shown in the following table. The sale price depends on the Tesco Share Price on the day they’re sold, so you won’t be able to choose the price.
| Submit your choice by (6pm UK Time) | Sale Date |
|---|---|
| 20 February 2026 | 2 March 2026 |
| 27 February 2026 | 5 March 2026 |
| 6 March 2026 | 12 March 2026 |
| Instructions will continue to have a weekly deadline, 6pm every Friday | Sales will continue to be processed weekly, every Thursday* |
*Unless the Thursday is a public holiday in England and Wales in which case shares will be sold the next UK working day
You won’t have any control over the share price: the sale price will be the price achievable when the trade is placed in the market.
Remember, share prices can go down as well as up
You could make money if Tesco’s share price is higher than the Option Price of £1.98 when you sell (after charges).
- Selling charges: Equiniti Financial Services Limited (“EFSL”) takes 0.5% commission, minimum £25, automatically when you sell.
- Payment: Sale proceeds (minus charges) go straight to the bank account where you get paid. It can take up to 5 working days after the trade completes.
- Timing: You can sell for six months after your maturity date. Your scheme must be exercised by 10 September 2026, and the last date to submit a sell instruction is 31 August 2026.
- If you submit a sell instruction before 31 August but your scheme ends on or after 1 October, your choice will change to Buy Shares to Keep, and the shares will go into your Tesco Share Account.
IMPORTANT: Before selecting the sell choice, please make sure you have read and understood the Paying tax section as you may be liable to paying Capital Gains Tax (CGT) if you exceed the CGT annual allowance. New for this year: You've got access to webinars all about your four choices and the potential impact of CGT here.
Buy shares at £1.98 each and move them into an EQi Flexible Stocks & Shares ISA (“EQi ISA”) (within your ISA allowance). If you sell later and the share price is higher, you could make a profit.
By transferring your shares to an EQi ISA:
- You buy at the Option Price of £1.98
- There’s no income tax on any dividends
- There’s is no charge for transferring shares
- If you move them within 90 days of them being made available to you, you won’t pay any Capital Gains tax when you sell them from the ISA
Your shares will be valued and transferred to the EQi ISA, normally on the following dates.
| Submit your choice by (6pm UK Time) | ISA Date |
|---|---|
| 20 February 2026 | 2 March 2026 |
| 27 February 2026 | 5 March 2026 |
| 6 March 2026 | 12 March 2026 |
| Instructions will continue to have a weekly deadline, 6pm every Friday | ISA will continue to be processed weekly, every Thursday* |
*Unless the Thursday is a public holiday in England and Wales in which case shares will be transferred the next UK working day.
- It’s available for six months after your maturity date (from 1 March 2026). Your scheme must be exercised by 10 September 2026, and the last date to submit an ISA instruction is 31 August 2026.
- If you submit an ISA instruction before 31 August but your scheme ends on or after 1 October, your choice will change to Buy Shares to Keep, and the shares will go into your Tesco Share Account.
ISA allowance:
For the 2025/26 tax year, the limit is £20,000
(minus any other ISA contributions).
Any shares over this limit will go into an EQi Dealing Account, and an
ISA Custody fee will apply.
Already have a Stocks and Shares ISA?
If you choose to move shares into an EQi ISA and you’ve got one with another provider, you can ask to combine them so everything’s in one place.
For more information on the EQi Flexible Stocks & Shares ISA, including charges, please see the dedicated EQi ISA page.
By taking your savings back:
- You won't get the discounted Option Price of £1.98
- Your savings will be paid back by BACS to the same bank account you receive your pay
- Changed your mind? If the Tesco Share Price is higher than £1.98, you can buy shares at £1.98 before the 'Last date to buy shares at the discounted Option Price' shown on your statement
- To request a repayment, you'll need to call the Shares helpline as you can't do this on the Shares Portal or through the EQ Share Plans App
Please note: Once you place your maturity instruction, it can’t be changed or cancelled no matter the circumstance.
If you need help with making the decision that is right for you, please check the decision tree for more information.
A helpful example
These examples assume you sell all of your shares at once and haven't made any other profit in the tax year that could be taxable. For a better understanding please use the calculator to see if, by selling your shares, you'll have to pay Capital Gains Tax ('CGT').
| Example One | Example Two | |
|---|---|---|
| Amount you saved every four weeks | £25.00 | £500.00 |
| Total savings after five years
(60 payments) |
£1,500.00 | £30,000.00 |
| The number of shares you can buy at the Option Price or £1.98 | 757 shares | 15,151 shares |
| Sale amount if you sold all shares you bought at the discounted Option Price of £1.98 at £4.20 a share | £3,179.40 | £63,634.20 |
| Selling charges | £25.00 | £318.17 |
| Profit (sale amount minus cost of the Option Price shares sold and selling charges) | £1,655.54 | £33,317.05 |
| Capital Gains Tax charge if you sold all shares in 2025/26 tax year? | No - profit is less than £3,000 | Yes - profit is more than £3,000. Any profit over this will be taxable. |
How to make your choice
You can make your choice online on the Shares Portal
Log in and click on the 'I want to section' and follow the instructions.
Make your choice- If you haven’t already registered, you’ll need your Activation Code which you can find on the letter or email you received about your SAYE scheme maturing.
- Tesco colleagues can also access the Shares Portal through your Total Reward Statement too.
Download the EQ Share Plans App*
Scan the QR code below to download the EQ Share Plans App or search for 'EQ Share Plans' in the 'App Store' or 'Play Store'.
Things to remember
- If you buy shares at £1.98 and sell some or all of them at the same time, Equiniti Financial Services Limited (EFSL) will charge 0.5% (min. £25) to sell them for you
- The charge is taken from the total sale amount at the end. For example, if the sale is £3,600, then EFSL will charge £25.00
- If the Share Price drops after you’ve chosen to buy and sell, you could end up with less money after charges are applied, than if you’d taken your savings back
- If you keep shares in a Tesco Share Account and sell online later, EFSL currently charge 1% (minimum £20) to sell them. For sales over £50,000: the charge is 1% on first £50,000, plus 0.25% on the rest. Rates shown were current at the time of publication of this document, however, these are subject to change. To ensure that you are aware of the current applicable rates prior to dealing, please ensure that you have read the latest Terms and Conditions which can be found here.
New for this year: You've got access to webinars all about your four choices and the potential impact of Capital Gains Tax.
- You don’t pay Income Tax or National Insurance Contributions (NICs) on your savings or when you buy shares
- If you sell your shares, you may have to pay Capital Gains Tax (CGT) if your total profit in a tax year is more than £3,000 for 2025/26. This includes gains from selling other shares or assets.
- If you think you’ll go over the CGT exemption limit, you could sell fewer shares or use an ISA. Please see details on CGT on the FAQs
- Use the SAYE Maturity Calculator to see if you might exceed the CGT allowance when selling your shares
- If you owe CGT, you can:
- File a self-assessment - read more at gov.uk/capital-gains-tax
- You can use the ‘real-time’ CGT service
- If you buy shares to keep, you may need to pay tax on your dividend payments. Tax is payable on dividends if the total amount of dividends you receive from your shares in a tax year, together with the dividends paid on any other shares you hold including cash dividends paid on Share Incentive Plan Shares, is more than the dividend allowance. The dividend allowance is £500 for the 2025/26 tax year. Read more at gov.uk/tax-on-dividends
- Tesco share prices can go up or down between the time you make your choice and when it’s processed.
- Changes can happen because of world or political events – sometimes these changes are big.
- This means the amount you get could be less than expected.
This means the amount you get could be less than expected:
- Your choice won’t be processed that week and will roll over to the next.
- If the price stays below the Option Price, Equiniti will contact you.
- You can’t set a target price for selling Tesco shares.
- The sale price will be whatever the market achieves when your sale goes through.
- Shares will only sell if the share price is above your Option Price.
Important: If you’re restricted by the Tesco Share Dealing Code, you’ll have been told. Need more details? Visit the Tesco Insider Portal
Useful documents
2020 Five Year Sharesave Scheme
