What is Sharesave (SAYE)? Sharesave, also called Save-As-You-Earn (SAYE), is a simple, risk-free way for employees in the UK to start saving and investing. It's a government-approved plan that allows you to save a set amount each month over three years (36 months). At the end of those three years, you’ll have the option to buy shares in your company at a discounted price. This way, you can build up your savings and potentially grow your wealth, all without risking your original contributions.

How Does Sharesave Benefit me? Sharesave offers several key benefits that make it appealing to employees, especially those new to investing. 1. Risk-Free Savings Your contributions are secure. You’re saving a fixed amount each month, and if at the end of the three years you decide you don’t want to buy shares, you can take back all your savings, along with the interest you’ve earned. 2. Discounted Shares for Higher Potential Gains Sharesave gives you the option to buy shares in your company at a discount, which means you’re paying less than the market price. If your company’s stock has increased over the 3 year period, this discount can help you make a profit as you get to buy the shares for the price of 3 years ago. In many cases your employer offers an additional 20% discount on that price. 3. Flexible Options At the end of your 36-month savings period, you can choose to either cash out your savings plus interest or buy company shares at a reduced rate. This flexibility allows you to decide based on what’s best for you financially when the time comes. Sharesave is designed to help employees grow their savings without the pressure or risk that can come with other types of investments. It’s an easy way to start saving and investing without needing prior financial knowledge.

How It Works When you join a Sharesave plan: Set Your Savings: Choose a monthly amount to save for three years (usually within a range set by your employer). Build Up Your Balance: Your company holds these savings securely for 36 months. Enjoy Fixed Interest Bonus: At the end of the term, you receive a fixed interest bonus, which is 1.1 times your monthly savings amount. For example, if you save £100 each month for 36 months, your total savings would be £3,600. With the fixed interest, you’d receive an additional £110 (1.1 times your monthly savings), bringing your total to £3,710. Choose at the End: When the plan ends, you can buy shares at a discount or take back your full savings, including interest. Sharesave makes saving and investing accessible for everyone, even if you’ve never done it before. It's designed to help employees grow their financial future safely and confidently.

Step-by-Step Guide to Starting with Sharesave Getting started with Sharesave is simple and can be done in a few easy steps. Here’s how to begin: Sign-Up Period: Companies usually open enrollment for Sharesave once a year. During this period, you’ll need to decide if you want to join and how much you’d like to save monthly. Set Your Monthly Savings: Choose an amount to save each month for the 36-month period. You’re allowed to save up to a certain limit, often set by your employer. Save Over 36 Months: Your contributions are held by the company for the entire three-year period, during which they grow and earn interest. End of the Plan – Your Choices: Buy Shares at a Discount: Use your savings to buy discounted shares in your company. Withdraw Savings + Interest: Take back your savings, plus the fixed interest, if you decide not to purchase shares. Sharesave allows you to save steadily and gives you time to decide on your financial goals, whether you want to cash out or invest in shares.

How Sharesave Can Help Your Financial Future Sharesave is more than just a savings plan—it’s an opportunity to grow your wealth with minimal risk. Here’s how it can shape your financial future: 1. Security and Growth Sharesave is structured to be secure, making it ideal for employees who want to start saving without risking their principal. The fixed interest and potential to buy shares at a discount make it a great way to earn on your savings. 2. A Simple Way to Start Investing For beginners, Sharesave offers a way to invest without needing to understand the complexities of the stock market. You’re given the option to buy shares at a discount, which can provide a head start in building wealth. 3. Flexible Options for Your Financial Goals Whether your goal is to save for the future or explore the potential of investing in your company, Sharesave lets you choose what to do with your savings when the time is right.

Sharesave has helped thousands of UK employees grow their savings and share in their company’s success. Here are a few recent stories of how it’s making a difference for workers in notable British companies. 1. Tesco – Grocery Gains In July 2024, over 20,000 Tesco employees, primarily from stores and distribution centres, shared a windfall of more than £30 million through the company's Sharesave scheme. This success was attributed to a 23% rise in Tesco's share price over the preceding year. Employees who saved the maximum £500 per month could gain nearly £10,000 from a three-year scheme. 2. M&S – Big Rewards for Thousands of Employees Over 9,200 Marks & Spencer employees recently enjoyed a bumper payout from Sharesave, thanks to the company’s strong holiday trading performance. This payout brought unexpected financial gains to many employees, showcasing the power of Sharesave when a company performs well. https://www.thisismoney.co.uk/money/markets/article-12955845/More-9-200-M-S-workers-receive-bumper-share-payouts.html https://www.thetimes.com/article/m-and-s-welcomes-better-than-expected-holiday-trading-zc6zcgk3t . 3. Pets at Home – Financial Wins for Pet-Loving Employees Hundreds of employees at Pets at Home received substantial payouts from their Sharesave scheme, driven by the company’s strong position in the growing pet care market. This success story highlights Sharesave’s benefits across various sectors. https://www.retailgazette.co.uk/blog/2021/12/pets-at-home-pay-out Nationwide Benefits – Thousands of Employees Reap Rewards Across industries, UK employees have seen the benefits of Sharesave, with some gaining significant savings and payouts that enhance their financial security. The scheme continues to gain popularity for its tax advantages and secure structure. https://www.thesun.co.uk/money/29259299/thousands-employees-richer-with-saving-scheme/) https://www.moneysavingexpert.com/savings/sharesave-scheme With Sharesave, employees have a chance to grow their wealth risk-free, benefiting from their company’s growth. These examples show how Sharesave can transform small monthly savings into meaningful financial gains for employees across the UK.

I have no money to contribute to a plan, what can I do? Sharemore can help you. Read about it here.

How Sharemore Helps Anyone Join Their Sharesave Plan and Prosper At Sharemore, we understand that not everyone has the financial means to join a Sharesave plan. That’s why we offer a service designed to make Sharesave accessible to more employees by providing the financial support needed to join the plan. How Sharemore Works: For just £10 a month, Sharemore enables you to contribute £100 per month into your company’s Sharesave plan. Here’s how it benefits you: Self-Fund Option: If you choose to save on your own, you can save £10 a month, which would grow to £360 over 36 months. With this savings amount, you can buy company shares at a discount and potentially sell them for a profit at the end of the plan. Partner with Sharemore for Bigger Contributions: With Sharemore, instead of saving £10 a month on your own, you can partner with us to contribute £100 per month into your Sharesave plan. For the same monthly cost, you’re able to save and invest significantly more. When the plan ends, you’ll keep 50% of any profit after repaying the principal sum, giving you a greater opportunity to benefit financially. By partnering with Sharemore, you’re able to access a Sharesave plan with minimal financial strain and the chance to gain from your company’s growth. It’s the same secure, flexible approach as Sharesave itself, but with added support to make it accessible for everyone.

You can edit the title from the FAQ 'Settings' tab in the Editor. To remove the title from your mobile app go to the 'Site & App' tab in your Owner's app and customize.

You can edit the title from the FAQ 'Settings' tab in the Editor. To remove the title from your mobile app go to the 'Site & App' tab in your Owner's app and customize.

You can edit the title from the FAQ 'Settings' tab in the Editor. To remove the title from your mobile app go to the 'Site & App' tab in your Owner's app and customize.

Do I need permission from my employer to use Sharemore?

You can edit the title from the FAQ 'Settings' tab in the Editor. To remove the title from your mobile app go to the 'Site & App' tab in your Owner's app and customize.