Applications close Thursday 7 March 2024

How to join

To join the 2024 SIP Offer you simply need to decide how much you wish to save each month over the six month accumulation period. You can apply on-line by logging onto the Airbus employee portal at www.esp-portal.com/clients/airbus, where you can view all the Plan documentation and apply via the application Portal. Alternatively, you can apply via the SMS service as detailed in your invitation email/letter.

If two applications are received from the same person in respect of the 2024 SIP and the 2024 Airbus Employee Share Ownership Plan (the 2024 ESOP), the 2024 ESOP application will not be taken into account, and you will have to cancel the 2024 ESOP application before the end of subscription period.

You can invest a minimum of £10 and maximum of £300 per month. The maximum amount you can invest in any tax year is £1,800 or 10% of your salary, whichever is the lower. A tax year runs from 6 April to the following 5 April.

You will also receive free Matching Shares based on the number of shares you purchase.

An additional feature of the Plan allows you to change your investment amount once during the six month accumulation period. This provides the opportunity to invest a different amount, for example, at the time a bonus is paid. However once changed the new amount will continue for the remainder of the accumulation period and no further changes will be permitted.

APPLY

Payroll Deduction Schedule

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Calculator
Calendar
Clock

Normal Pay Day

Monthly

Number of Deductions

Six

Deductions from pay commence

April 2024

Final deduction from pay

September 2024

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During the six month accumulation period, Equiniti Share Plan Trustees Limited (the Trustee) will hold your contributions until they are used to acquire Airbus shares for you.

When the accumulation period ends, the Trustee will use your accumulated contributions to acquire Airbus shares for you, at a price which is based on the market value of Airbus shares at the date they are acquired (which will be within 30 days of the end of the accumulation period). These are called Partnership Shares.

The following table illustrates the ratio of Matching Shares that will be awarded based on the number of Partnership Shares you purchase.

Number of Partnership Shares acquired

Matching Share per Partnership Shares

1-4

1 for 1

5-8

1 for 2

9-40

1 for 4

41 or more

No further Matching Shares

The Trustee will hold the shares on your behalf as long as Airbus employs you. You can choose to remove some or all of your Partnership Shares from the Plan at any time, but if you do so before 5 years, you will have to pay Income Tax and National Insurance ('NICs') as shown in the table in the “Removing Shares from the Plan” section of this page. You cannot normally remove Matching Shares until they have been held for 3 years (unless you leave for a special reason – as explained in the “Removing Shares from the Plan” section of this page). If you remove Matching Shares from the Plan between 3 and 5 years from the award date, you will have to pay Income Tax and NICs as set out in the “Removing Shares from the Plan” section of this page. After 5 years Partnership Shares and Matching Shares can be removed from the Plan free of Income Tax and NICs.

HM Revenue and Customs ('HMRC') requires shares to be held in the Plan by a Trustee on your behalf. This is necessary to make sure that you get the benefit of tax relief. The Company have appointed Equiniti Share Plan Trustees Limited, to act in this role. The Trustee’s responsibility is to look after the administration of the Plan and to ensure compliance with the Plan rules and governing legislation. Whilst the Trustee holds shares in the Plan for you they will receive any dividends received on your Airbus shares and you can choose for the Trustee to re-invest the cash dividend in Dividend Shares or have the dividend paid to you in cash. This decision must be made at the time of applying to join the 2024 SIP Offer.

Please note the closing date for receipt of applications is
4.30pm (UK time) on Thursday 7 March 2024.

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Tax Relief

Acquisiton of Partnership Shares & Free Matching Shares

When you acquire your Partnership and Free Matching Shares, you will not be subject to any Income Tax or National insurance on the amount of your contributions deducted from your gross pay to buy Partnership Shares or the value of the Matching Shares acquired.

Read more about Income and Tax Relief (this button will open a PDF file).

Download

Removing shares from the plan

There may be Income Tax and NICs to pay if you leave the Company or you take shares out of the Plan within 5 years of acquiring them. This will depend on why and when you take shares out.


If you leave the company


If you leave the Company you will have to take the shares out of the Plan. If you leave for one of the following special reasons, you will not have to pay any Income Tax or NI:

  • A transfer or employment which is subject to the Transfer or Undertaking (Protection of Employment) Regulation 2006

  • Inury, disability

  • Death

  • A change of control or other circumstances giving rise to the employing company ceasing to be an Associated Company of any Participating Company

  • Redundancy

  • Retirement

If you leave for a reason other than for one of the special reaons above (generally referred to as 'bad leaver' reasons), you will have to pay Income Tax and NICs as shown below:

If you choose to remove your shares whilst you remain employed, you will also have to pay Income Tax and NICs as detailed below.

Share Type

Shares held for less than 3 years:

Income Tax and NICs on the market value of the shares when taken out of the Plan

Shares held between 3 and 5 years:

Income Tax and NICs payable on the lower of:

  • the amount used to buy the shares, and

  • the market value of shares when they are removed from the Plan

Shares held for 5 more years:

No Income Tax or NICs to pay

Shares held for less than 3 years:

Shares may not be removed if still employed. If you leave the Company, other than for a 'good leaver' reason - Income Tax and NICs on the market value of the shares when taken out of the Plan

Shares held between 3 and 5 years:

Income Tax and NICs payable on the lower of:

  • the market value of the shares at the time they are acquired, and

  • the market value of shares when they are removed from the Plan

Shares held for 5 or more years:

No Income Tax or NICs to pay.

Shares held for less than 3 years:

Shares may not be removed if still employed. For 'bad' leavers, reinvested dividend income received in 3 years prior to leaving will be treated as dividend income received in the tax year in which the Dividend Shares cease to be subject to the Plan and this income will count towards that tax year's Dividend Allowance.

Shares held between 3 and 5 years:

No Income Tax to pay, NICs is not applicable for Dividend Shares

Shares held for 5 or more years:

No Income Tax to pay, NICs is not applicable for Dividend Shares

Key Documents

Please read through the key documentation before making your decision to join this years SIP. If you still have questions regarding the SIP after reading these documents please read the Q&A page.

SIP Brochure

Invitation Letter

Portal Guide

SIP Terms & Conditions

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Phone

Equiniti Employee Helpline: +44 (0)371 384 2487

Please use the country code when calling from outside the UK. When you call, please quote your 8 digit Account Number (quoted on your Invitation email / letter).

Lines are open 8:30am to 5:30pm. Monday to Friday, excluding Bank Holidays in England and Wales.

For deaf and speech impaired customers, we welcome calls via Relay UK. Please see www.relayuk.bt.com for more information.

Please contact Equiniti to request a copy of this site in brochure form or in an alternative format, for example, braille or audio.

post

Post

Equiniti Limited
Employee Share Plans
Aspect House, Spencer Road
Lancing, West Sussex
BN99 6DA
United Kingdom

email

Email

You can also contact Equiniti by using their email service myshareplan@equiniti.com, please quote ‘Airbus’ in the subject line.