Shareplan and Sharesave

Two great ways to save for your future and save tax

There are two share schemes in the Flexible Benefits package:

Shareplan

An excellent opportunity to build your future wealth tax-efficiently. What’s more, three out of the four ways to become a Lloyds TSB shareholder are completely free.

Free Shares

You will be offered Free Shares each year based on the Lloyds Banking Group performance.

Partnership Shares

You have the opportunity to buy tax-free Partnership Shares each month. You won’t pay any tax or National Insurance on the part of your salary used to buy them, provided you keep the Shares in the plan for five years. You can start investing from as little as £10 per month once you have been with the Group for 3 months.

Matching Shares

If you buy Partnership Shares we will give you the equivalent number of shares up to the value of £30 per month for free. If you keep them in the plan for five years, you won’t have to pay any tax on these either.

Dividends

You will receive dividends on the shares you hold in Shareplan. You can choose to take these in cash or to reinvest them in more LTSB shares. Dividend shares will also be tax-free if you keep them in Shareplan for three years.

Sharesave

Sharesave provides you with the opportunity to take part in a regular savings scheme through a savings contract with a guaranteed tax-free bonus.

At the end of the savings period (either three or five years) you can use your savings to:

• Buy Lloyds TSB shares (at a 20 per cent discount to their market value when you started the savings contract)
• Or choose to have the savings returned to you in cash.

There is one Sharesave offer each year, usually in March. Currently, around two thirds of Lloyds Banking Group staff take advantage of Sharesave and consider the scheme an extremely important element of their reward package.

Staff discounts