Choosing how to spend and save can be difficult. At Kingfisher, we want to give you the options to manage your money in the way that works best for you.
If you've decided to join one of our share plans, but you're not sure which one's best for you, here's an overview of the key facts.
In the UK, you can choose to join ShareBuild, ShareSave – or both!
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| Plan Overview | ||
| How it works |
Make contributions every month. The next month, that money is used to buy you shares. You can change how much you invest – or whether you invest – at any time. You can sell your shares at any time, too – but if you wait 5 years before selling them, you won't have to pay any tax. |
Save a set amount every month for 3 or 5 years. You can then either take back your savings in full, or use them to buy shares. But these are shares with a difference… At the start of the savings period, we offer you a 20% discount on the market price of the shares at the time. This is known as the 'option price'. 3 or 5 years later, you can make use of this 20% discount, plus any increase in the share price over that time! |
| Joining |
Any time |
Once a year, typically October |
| Eligibility |
Min. 3 months service. |
Min. 3 months service before the invitation to join. |
| Amount |
£10 - £150 per month, up to 10% of monthly salary. |
£5 - £250 per month, towards the 3 and / or the 5 year savings term each year you're invited to join, subject to a maximum of £500 per month across all ShareSave Plans you're contributing to at any one time. |
| Deductions |
Taken from your salary before tax, so you may pay less tax. |
Taken from your salary after tax. |
| Contribution period |
Flexible – join or leave the plan, or change your contribution amount, at any time. |
Save every month for 3 or 5 years. You can:
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| Share purchase |
Your contributions are used to buy your shares every month, at the current market price. Become a shareholder from the start! |
At the end of the 3 or 5 year saving period, you have 6 months to decide whether to:
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| Dividends (when paid by Kingfisher) |
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| Voting at AGM |
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| Tax Advantages |
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If you choose to buy the shares (exercise your options), there's no income tax on any profit you make (the difference between the option price and the market price). So if you sell your shares immediately, there's no income tax to pay at all. The profit you make may be subject to Capital Gains Tax (CGT). There's a threshold amount, set by the UK treasury; any profit above the threshold will be subject to CGT. |
| Bonus |
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Complete a (3 and/or 5 year) savings period and get a tax-free bonus. This has been reintroduced by HMRC for 2023. Going forward, these rates are subject to change. Bonus rates haven't existed for plans since 2014 and do not apply to any plans joined pre-2023. If you leave before your savings period ends, you won't be entitled to a bonus but, if you've been in ShareSave at least one year, you might receive some interest (2023 plan). |
| Taking a break or leaving the plan | ||
| Take a break |
Stop, start, or change your contribution amount at any time. |
Take a break of up to 12 months. This time will be added to the end of your saving period, so you can still save the full amount. |
| Leaving the plan |
Leave at any time and sell your shares. You may need to pay tax on shares you've held for less than 5 years. You can't access shares bought with dividends for 3 years. |
You can leave the plan and take all your savings back at any time. You'll need to wait until the next enrolment window to join again. |
| Leaving Kingfisher | ||
| Good Leavers |
You're classified as a 'good leaver' if your leave because of:
These are the rules set out by HMRC. |
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| What it means for you |
Sell your shares, or transfer them into your own name. You won't have to pay income tax or National Insurance. You'll need to do this within one month. Otherwise, your shares will be moved to the ShareStore. |
You can either:
You'll need to do this within 6 months of leaving. In that time, you can also make up to 6 additional payments. If you don't decide within 6 months, you can still request a full refund of your savings. |
| Other leavers |
Leaving Kingfisher for any other reason, including:
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| What it means for you |
Sell your shares or transfer them into your own name. You may need to pay income tax and National Insurance on any shares you've had for less than 5 years. You may also need to pay tax on dividend shares you've had for less than 3 years. You'll need to do this within one month. Otherwise, the plan administrator will sell enough shares to cover any income tax and National Insurance you owe, and move any remaining shares to the ShareStore. |
You can either:
If you leave less than three years after joining the plan, you can't use your savings to buy shares. If you leave more than 3 years after joining the plan, you can buy shares with the money you've saved so far. You'll need to do this within 6 months of leaving Kingfisher. In that time, you can make up to 6 additional payments. Please note – you can't buy shares if you've been dismissed for misconduct. |
| You can find out more about the plans, including frequently asked questions (FAQs) and explanations for some useful words and phrases (Glossary of Terms). | ||
| Find out more | Find out more | |
