ShareSave

FAQs

Joining ShareSave

ShareSave is available to permanent and fixed-term colleagues based in the UK, Jersey, Guernsey, Isle of Man, Gibraltar and India. If you were employed on 30 September you can join.

You get an opportunity to join once a year. ShareSave 2025 offer window opens on 20 October until 5pm (UK time) 10 November. Look out for the ShareSave offer announcements during the offer window.

We’ll start taking your chosen amount from your pay in December, and the plan starts the same day.

There are no fees to join or save through the plan. And there’s no UK government stamp duty, dealing or administration charges to pay if you buy shares at the end of the plan. You’ll pay Computershare’s dealing charges if you sell your shares.

The option price for ShareSave 2025 is £4.6688.

This is the price you’ll pay for NatWest shares at the end of the three- or five-year plan, if you choose to do so. We set the price on 30 October.

It’s based on the average share price over the previous three days and includes a 20% discount.

Your ShareSave option is your opportunity to buy a set number of NatWest shares when the plan ends. The price you’ll pay for your shares 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 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.

If lots of colleagues decide to join ShareSave, we might need to reduce or scale back the amount you can save. This is unlikely, but if it happens, we’ll let you know.

Yes, so long as you stay within the overall 6,000 INR per month limit for ShareSave 2025.

Managing ShareSave

You can’t change your amount during the plan.

If you want to stop saving and cancel the plan you can do this and have all your money returned. You can do this via EquatePlus or by calling +44 (0)370 702 0109. If you cancel after that month’s payroll cut-off date, the payment will be taken and returned to you the following month.

If you’ve made 12 or more monthly payments, and you want to stop saving, you can keep what you’ve saved so far in the plan and use it to buy shares at the end.

You’ll need to be employed by the group when the plan ends if you want to buy shares.

Your savings will be held by Standard Chartered Bank.

No – there’s no interest on your ShareSave savings in India.

You only need to think about this if you choose to sell shares at the end of the plan. You’ll find the rules on the intranet.

If you join ShareSave, your savings will be in Indian rupees, but the shares are priced in British pounds.

If you choose to buy NatWest shares when the plan ends, your savings will be converted into pounds at that point, using the exchange rate at the time.

If the rupee is worth more against the pound when the plan ends, you’ll be able to buy the full number of shares, and any extra cash will be returned to you.

If the rupee is worth less against the pound, you won’t be able to buy the full number of shares. You can’t make up the shortfall by adding extra rupees to your savings.

What happens if...

If you’re on long-term leave, you can still join ShareSave. If you’re not being paid at the moment, you can still join, but your monthly payments won’t start until you’re back at work and being paid. The plan will still end in three or five years’ time, so you’ll make fewer payments and be able to buy a smaller number of shares at the end.

If you joined ShareSave before you went on leave, and you’re still being paid via payroll, we’ll still take your payment. If you’re not being paid, or your pay isn’t enough to cover your monthly amount, your savings will be paused. They’ll restart again when you start work, provided the plan hasn’t ended.

In all cases you’ll need to have made at least 12 monthly payments to be able to buy shares at the end of the plan.

If you leave because you’re made redundant, retire, or through injury or disability, or the company you’re employed by is no longer part of NatWest, you can choose to:

Use the amount you’ve already saved to buy shares at the option price within six months of leaving.
Have your savings returned to you straight away.

The position above also applies if you’ve been saving for more than three years and you leave for any reason other than the leaver reasons listed in the first paragraph above (other than dismissal for misconduct).

However, if you’ve been saving for less than three years and leave for any reason other than the leaver reasons listed in the first paragraph above (for example, you resign or you’re dismissed), you won’t be able to buy shares and you’ll get your savings back as cash.

If you die, your savings will automatically stop. Your personal representative can choose to either have your savings returned to your estate, or use them to buy shares at the option price. If you die before the plan finishes, they’ll have one year after your death to choose to buy the shares. If you die in the six months after the plan finishes, they’ll have a year from when the plan finished.

If you move to another part of NatWest in a different country, you’ll have to stop saving into ShareSave. If you’ve been saving for at least 12 months, you’ll be able to use your savings to buy NatWest shares at the end of the plan – or get your money back if you prefer.

If you’ve been saving for less than 12 months, you’ll get your savings returned as cash.

Please use the HelpChat on EquatePlus. Or you can call Computershare on +44 (0)370 702 0109.

Tax

There are no tax or social security obligations when you join the plan.

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. While you're saving, your savings are held by Standard Chartered Bank. 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.

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. NatWest is not responsible for taxes related to your sale proceeds.

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

This document contains only some information relating to the NatWest Group plc International ShareSave Plan (the ‘Plan’) (a supplementary plan to the NatWest Group plc 2017 UK ShareSave Plan).

Your participation, or right to participate, in the Plan is governed by the Plan rules and does not affect, or form part of, your contract of employment. These rules include specific provisions limiting your rights under the Plan.

You will not have any rights to compensation or damages for any loss of rights, benefits or prospective benefits under the Plan as a consequence of the termination of your employment. There is no guarantee that the Plan will be operated in future years, or, if it is operated, that you will be selected for participation in it. NatWest Group plc ('NatWest' or 'the Group') may amend, suspend or terminate all or any part of the Plan at any time, but may only do so in accordance with the Plan rules.

References in this document to any taxation consequences are those generally applying at the time of publication. They are provided for guidance only. Tax legislation may change in the future. The actual taxation consequences and the availability (and value) of any tax relief will depend on your own individual circumstances.

In the event of any conflict between this document and the Plan rules or any applicable legislation, the Plan rules and legislation will take precedence.

The maximum aggregate number of NatWest Group shares being offered under NatWest Group plc 2017 ShareSave Plan and NatWest Group plc International ShareSave Plan on this occasion will not exceed 30 million shares and the minimum number is nil.

Further information on NatWest Group and details of the rights attaching to the shares can be found in the Investor Relations section of the Group's website at natwestgroup.com.

No information in this document should be taken as providing any investment or financial advice or as a recommendation to buy, sell or hold shares in NatWest Group.

The value of NatWest Group shares and any income from them can fall as well as rise and an investor might not receive back the full amount invested in shares.

If you are in any doubt as to what action you should take and/or the financial or taxation implications of any decisions you might make, you are strongly recommended to seek independent professional advice.

Any questions?

If you still have questions, please use the HelpChat on EquatePlus.
Or you can call Computershare on +44 (0)370 702 0109.

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