All Tesco colleagues who have completed at least three months’ continuous service by 15 October 2021.
The Option Price for the 2021 scheme will be on this guide, posters and ourtesco.com/our-benefits/shares-in-tesco from Friday 15 October.
Your savings will be taken from your pay after tax every four weeks, starting in February 2022.
Deductions will stop from your pay in November 2024 and September 2026 for the three year and five year schemes respectively, dependant on tax weeks and the payroll cycle.
No, once the invitation has closed you won’t be able to reduce or increase the amount. You will however be able to cancel the scheme if you no longer wish to save into the scheme and your savings will be returned to you. You can also take a savings holiday if you need to.
There is no tax-free bonus on the three and five year scheme. The tax-free bonus rates for SAYE are set by HM Revenue and Customs.
For more information please go to ourtesco.com/our-benefits/shares-in-tesco/.
Alternatively, you can call the Tesco Shares Helpline on +44 (0)371 384 2976*.
*Calls to 03 numbers cost no more than a national rate call to 01 or 02 numbers.
In making an application, you’re applying to join the SAYE scheme which is run in accordance with the scheme rules on which we intend to rely. Full terms and conditions, Bank Prospectus and the Financial Services Compensation Scheme Information Sheet and Exclusions list referred to have been made available on shareview.co.uk/clients/tesco/SAYE. These form the basis on which Equiniti services will be provided to you. For your own benefit you should read these terms carefully before giving an application instruction. If you do not understand any point please call +44 (0)371 384 2976*. You understand that if this declaration is untrue in any respect any interest or bonus payable under the Plan will be forfeited. By applying to join the scheme you acknowledge that you have read the Financial Services Compensation Scheme Information Sheet and Exclusions list.
Textel/Minicom Service Number +44 (0)371 384 2255*.
If you would like to receive a copy of this brochure in an alternative format, for example Braille or audio tape, please contact Equiniti on +44 (0)371 384 2976*.
*Calls to 03 numbers cost no more than a national rate call to 01 or 02 numbers.
* Because of the nature of the share price displayed on the site, Equiniti can't verify whether it's accurate or up-to-date.
If Equiniti becomes aware that the end of day share price data isn't accurate or up-to-date then they'll remove it from the site or take other appropriate action.
Equiniti isn't responsible or liable for either the accuracy or availability of the share price data on the site.
You can save between £5-£500 every four weekly pay period.
If you save in other SAYE schemes, the maximum you can save in total is £500 every four weekly pay period.
1. Your total savings - at the end of your saving period
£
2. Number of Option Price shares you could buy with your savings
3. The potential value of these shares calculated at the Tesco share price you hope to see at maturity*
£
4. If you could choose to sell your shares immediately, you could make this amount of profit*
£
*based on the share price you have entered in step 3 above