ShareSave

FAQs

Joining ShareSave

Unfortunately, we're no longer able to offer new ShareSave plans to colleagues in Poland. Each year we have to make a decision on offering ShareSave and how it will work for the savings period. ShareSave is a longer-term savings plan, usually 3-5 years and for this reason opening a new ShareSave plan is not compatible with the closure of the Poland hub.

If you’re already in a plan, there’s no change to your existing ShareSave plans. We’ll keep taking your monthly amount from your salary. If you stay in ShareSave until the end of your savings period and you’re still employed by NatWest, or you leave before the end of the savings period due to redundancy, you’ll be able to choose to buy shares or take your savings back in cash.

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 are held in a trust set up with a Jersey-based trustee called Ocorian. Ocorian maintains the bank account held with The Royal Bank of Scotland International, Jersey.

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

If you're already in ShareSave, your savings are in Polish Zloty, 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 zloty is worth more against the pound when the plan ends, you’ll be able to buy the full number of shares.

If the zloty 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 zloty to your savings.

What happens if...

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 you 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, when the plan ends, or when you buy shares through the plan.

If you sell your shares and make a profit, you’ll need to pay capital gains tax at the current rate of 19%. There are no social security or health insurance contributions due.

Any income from ShareSave counts towards the 1,000,000 PLN threshold for the solidarity tax.

Any questions?

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

Visit EquatePlus

ShareSave

Joining ShareSave

Managing ShareSave

What happens if...

Tax

Any questions?

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