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 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 £100 per month limit for ShareSave 2025.

Yes – you can join both plans and the monthly limits are separate.

That depends on your personal preferences. Both plans have some great features, but there are also some key differences. You’ll find full information on both plans on the Share Plan Hub. And remember you can join both if you like!

Managing ShareSave

You can’t change your amount during the plan.

But if you’re in the UK, Jersey, Guernsey, Isle of Man or Gibraltar, you can delay up to 12 payments if you need to. This will also delay when your savings plan finishes, as you’ll need to catch up on the delayed payments.

If you miss more than 12 payments, you’ll lose your right to buy NatWest shares, but you’ll get all your money back.

If you want to delay payments, you’ll need to create a request on Workday.

You’ll need to enter 'ShareSave Payroll Instruction - Payment Suspension' as the request type and follow the onscreen instructions to submit your request.

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, you’ll still receive some interest.

Your savings will build up in a NatWest account held by Computershare.

Yes, up to the scheme’s new £120,000 limit. This limit covers all money you hold with NatWest. You can find more information about the scheme on the FSCS website.

Yes – this is known as the ShareSave bonus rate and is set by HRMC.

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.

What happens if...

If you’re being paid via payroll, we’ll still take your payment. If you’re not being paid, you can make direct payments to Computershare instead. Just get in touch with Computershare directly and they’ll help you set up payments from your bank account. You’ll also need to let payroll know you’re doing this.

If you don’t do this, these payments will be missed, but you can make them up later. This will delay when your savings plan finishes, as you’ll need to catch up on the delayed payments. If you need to delay payments at any other time you can do this too.

You can delay up to 12 payments in total. See the FAQ on ‘Can I change or stop my payment?’ for more details.

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.
Keep saving for up to six months by setting up direct payments to Computershare and then buy shares.
Keep saving beyond six months, and have your savings returned to you at the end of the plan.
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. You can keep saving until the end of the plan and get your money back, or have your money back straight away.

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.

You can (i) request your money back; or (ii) continue saving by contacting Computershare (using the contact options at the bottom of the FAQ section) to set up a standing order.

If you don’t take any action and miss more than 12 contributions during your savings contract, your option will automatically lapse and you will only be able to request your money back.

If you continue saving, you will be able to exercise your ShareSave option at maturity, subject to the ShareSave rules. Please be aware that when you exercise your ShareSave option it may be subject to tax in your new country (as the ShareSave is only tax advantaged in the UK). You will be advised on exercise of any tax due and, where applicable, this will, if appropriate, be deducted from your pay.

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

Tax

We take your chosen amount from your pay after tax has been paid, so you won’t need to pay any more income tax or National Insurance on your savings.

If you choose to buy NatWest shares at the end of the plan, and you keep them, you’ll be entitled to any dividends we pay to our shareholders. Depending on your situation you might need to pay income tax on these dividends.

We’re giving you the tax information above to help you make your own decisions. It’s not advice. It’s based on our understanding of current tax rules, but these might change. Remember that tax depends on your individual situation – if you’re not sure you should seek professional advice.

If you buy NatWest shares at the end of the plan and sell them at a profit, you might need to pay capital gains tax.

Under the current rules you’re allowed to make £3,000 of gains each tax year before you have to pay any tax.

Remember you’ll only need to pay tax if you make a profit in excess of the limit.

There are a number of ways to reduce any capital gains tax liability, and in most cases you’ll be able to avoid paying it entirely. You’ll find more information in our helpful blog post.

Important information

The information on this page contains only some information relating to NatWest Group plc 2017 ShareSave Plan (the '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. The shares to be used under this offer may be existing shares or new issue shares.

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. 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.

US taxpayers who are considering participating in ShareSave should be aware that they may incur unexpected tax liabilities under US tax rules relating to 'deferred compensation'. US taxpayers are strongly advised to seek their own tax advice from a suitably qualified independent US tax adviser before they decide to participate in the Plan.

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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