Maturity
FAQs
Maturity
You’ve got six months from your maturity date to decide what to do. The expiry date is the last day you can choose to buy shares at the option price. After this you’ll still be able to have your savings returned to you as cash. This won’t happen automatically – you’ll need to log in to your EquatePlus account.
Your ShareSave option is your opportunity to buy a set number of NatWest shares when the plan ends. The price you’ll pay is the option price.
If the NatWest share price is higher than the option price, you can choose to buy the shares (known as ‘exercising your option’), and you’ll usually make a profit. If the share price is lower than the option price you can choose not to exercise your option and instead take your savings back as cash.
Buying shares:
You don’t usually need permission or pre-approval to buy shares at the end of ShareSave, provided you don’t sell them straight away. If you’re an insider, you can’t do this in the 30 days before we announce annual or half-year results to the market.
Selling shares:
Any share sales are subject to the Personal Account Dealing requirements.
If you’re an insider or work in a defined business area, you’ll need to get prior authorisation if you want to sell shares during an Open Window, and you’ll need to use the STAR compliance system.
Find out more about the Personal Account Dealing Requirements, Open Windows and the STAR compliance system on the Control Room hub on the intranet.
If you decide to buy shares and you don’t want to sell them straight away, your shares will be held in your EquatePlus online account and will be visible from the Share Plan Account tile.
Your instruction will take approximately two weeks to be processed and may take longer depending on when it is submitted. Instructions will be processed twice per month and must be received by the cut-off date shown below in order to be processed in the next processing window.
| Cut-off date for instruction | * Estimated date Shares available on EquatePlus |
|---|---|
| 11 December 2025 | 05 January 2026 |
| 01 January 2026 | 20 January 2026 |
| 16 January 2026 | 04 February 2026 |
| 03 February 2026 | 20 February 2026 |
| 18 February 2026 | 06 March 2026 |
| 03 March 2026 | 20 March 2026 |
| 18 March 2026 | 03 April 2026 |
| 02 April 2026 | 20 April 2026 |
| 16 April 2026 | 05 May 2026 |
| 01 May 2026 | 20 May 2026 |
| 18 May 2026 | 04 June 2026 |
| 03 June 2026 | 19 June 2026 |
| 18 June 2026 | 03 July 2026 |
*Dates may change due to processing times required to complete international funds transfer payments and non-business days over festive period.
If you decide to buy shares and you don’t want to sell them straight away, your shares will be held in your EquatePlus online account and will be visible from the Share Plan Account tile. The shares are held electronically instead of you holding a share certificate.
You can see your shares, buy, or sell by logging in. It’s free to hold shares in the account. When you buy or sell, you’ll pay a dealing charge of 0.235% (minimum of £17).
As a shareholder you’ll receive any dividends and can vote at our Annual General Meeting. You can choose to have your dividends paid directly into your bank account or automatically reinvested in more shares if you wish.
Full details of how to use the account can be found on EquatePlus.
What about tax?
If you choose to buy shares when the plan ends, you’ll need to pay income tax on the difference between the price you pay (the option price) and the market price on the day you buy them. NatWest will report the differential values as perquisite income in the following month's payroll, deduct the tax for you and pay it to the government.
We’ll send you a Form 16 and Form 12BA by 15 June the following year to show you’ve paid the tax.
Your local Payroll team will contact you directly if your instruction to buy NatWest shares will be subject to TCS. The TCS charge will be deducted from your pay in the next available payroll following the completion of the funds transfer. You will receive a Tax certificate for the TCS deduction.
If you’re selling shares less than 12 months after you bought them, any gain will be taxed under the short-term capital gains rules, so you’ll pay a flat rate of 20%, plus health and education cess and, if applicable, surcharge.
If you’re selling after 12 months, the long-term capital gains rules will apply, so you’ll pay a flat rate of 12.5%, plus health and education cess and, if applicable, surcharge. Indexation will also apply, which could reduce the tax you pay. You will be required to declare and pay any applicable capital gains tax to the relevant authorities in your annual tax return. NatWest is not responsible for taxes related to your sale proceeds.
Your savings were held by Standard Chartered Bank during the savings period. If you decide to buy NatWest Shares your savings will be required to be transferred to our Jersey-based trustee called Ocorian who hold a bank account with The Royal Bank of Scotland International in Jersey.
As your savings will be required to be transferred out of India, the transaction may be subject to Tax Collected at Source (TCS) at a rate of 20%. This tax is only applicable if you have transferred more than INR 7 lakhs overseas during the financial year.
If you’re resident and ordinarily resident in India, you’ll need to tell the authorities you hold any overseas assets – including NatWest shares – in your tax return.
Important information
We wrote this content as a guide to your choices at the end of your ShareSave plan. It’s not a comprehensive guide to all of the plan rules.
Your participation, or right to participate, in the plan is governed by these rules and doesn’t affect, or form part of, your contract of employment. The rules include specific provisions limiting your rights under the plan.
You have no right to compensation or damages for any loss of rights, benefits, or prospective benefits under the plan if your employment is terminated. There is no guarantee that we’ll offer a ShareSave plan every year, or that if we do offer one, you’ll be able to take part.
We may amend, suspend, or terminate all or part of a plan at any time, but only in accordance with the plan’s rules.
Where we’ve talked about tax, we’ve based this on the rates and rules at the time. These are for guidance only and can change in the future. Any tax you need to pay will depend on your own individual circumstances.
In the case of any conflict between this content and the rules of the plan, the rules apply.
Further information on NatWest Group and details of the rights attached to the shares can be found in the Investor relations section of our website. Certain information is provided in this document in order for this offer and any subsequent admission of shares to trading to fall within Article 1(4)(i) and 1(5)(h) of the UK Prospectus Regulation which exempt NatWest Group from producing a prospectus under that directive.
If you pay tax in the US, you should bear in mind that you might need to pay tax under the ‘deferred compensation' rules. US taxpayers are strongly advised to seek their own tax advice from an independent US tax adviser before they decide to participate in ShareSave.
We wrote the content on this site to help you make your choice, but it’s not advice, or a recommendation to buy, sell or hold NatWest shares.
The value of shares can fall as well as rise, so you could get back less than you invest. Dividends aren’t guaranteed.
If you’re not sure what to do, or have any doubts about your tax position, we suggest you speak to a financial adviser.
Any questions?
If you still have questions, please use the HelpChat on EquatePlus.
Or you can call Computershare on +44 (0)370 702 0109.