Good news - the current NatWest Group share price is higher than the option price for both ShareSave 2017 and ShareSave 2019, which means you’re in profit.
Now ShareSave has ended, you have three choices:
Below you can find some information about these three choices.
We’re giving you this information to help you make your choice, but it’s not advice, or a recommendation to buy, sell or hold NatWest Group shares.
If you’re not sure what to do, we suggest you speak to a financial adviser.
Option Price:
*The total number of NatWest Group shares you can buy with your savings at the option price of
This calculator is provided for illustrative purposes only. Remember, share prices can fall as well as rise.
Expiry date: 18 June 2023, unless you have missed any payments, in which case it’ll be later – you can find this on your ShareSave completion email.
As Sunday 18 June is a non-trading day, you’ll have to place your instruction by 4pm (UK time) on Friday 16 June 2023.
Any instructions placed after this time will be too late, and you’ll not be able to buy shares, you’ll only be able to have your cash returned to you. This won’t happen automatically – you’ll need to log in to your EquatePlus account to request your cash.
Expiry date: 18 June 2023, unless you have missed any payments, in which case it’ll be later – you can find this on your ShareSave completion email.
As Sunday 18 June is a non-trading day, you’ll have to place your instruction by 4pm (UK time) on Friday 16 June 2023.
Any instructions placed after this time will be too late, and you’ll not be able to buy shares, you’ll only be able to have your cash returned to you. This won’t happen automatically – you’ll need to log in to your EquatePlus account to request your cash.
Log in to your EquatePlus account. If you’re not on the NatWest Group network, you can access via www.equateplus.com. You’ll need your User ID, which you’ll find in your ShareSave completion email.
Once you’re logged in, go to My Tasks, click on the ShareSave Maturity task and follow the instructions.
If you’re choosing to buy the shares at the option price, you’ll be given two choices – ‘buy and keep shares’ or ‘buy and sell all shares’. If you want to sell some of your shares, you’ll need to choose ‘buy and keep shares’, then sell the number you want from within your EquatePlus account.
Find out more about the timings.
You can see your shares, buy, or sell by logging in. It’s free to hold shares in the account. When you buy or sell, you’ll pay a dealing charge of 0.235% (minimum of £17).
As a shareholder you’ll receive any dividends directly into your EquatePlus account and can vote at our Annual General Meeting.
Full details of how to use the nominee account can be found on EquatePlus.
You’ve got 6 months from your maturity date to decide what to do. The expiry date is the last day you can choose buy shares at the option price.
If you joined the 2017 (5 year) plan and/or the 2019 (3 year) plan, and you’ve not missed any payments, your expiry date is 18 June 2023. As Sunday 18 June is a non-trading day, you’ll have to place your instruction by 4pm (UK time) on Friday 16 June 2023.
Any instructions placed after this time will be too late, and you’ll not be able to buy shares, you’ll only be able to have your cash returned to you. This won’t happen automatically – you’ll need to log in to your EquatePlus account to request your cash.
Bonuses on ShareSave plans are essentially an interest payment on your savings while they’re in the plan. In the UK they’re set by HMRC.
There are no bonuses on the UK 2017 or 2019 plans.
Your ShareSave option gives you the right to buy a set number of NatWest Group shares when the plan ends. The price is set shortly before you start saving.
If the current share price is higher than the option price, you’ll make a profit if you choose to buy shares at the option price and sell them. If the share price is lower than the option price, you’ll be better off taking your savings back as cash.
You need to make all the monthly payments before your ShareSave is finished. This means 36 payments for a 3-year plan and 60 for a 5-year plan.
So if you’ve taken a payment holiday, this will delay your maturity date. But as long as you keep making the monthly payments, you’ll still be able to buy shares at the option price at the end of your savings period.
Buying shares:
You don’t usually need permission or pre-approval to buy shares at the end of ShareSave, provided you don’t sell them straight away.
If you’re an insider, you can’t do this in the 30 days before we announce annual or half-year results to the market. Our next annual results are due to be announced on 17 February 2023 and half-year results on 28 July 2023.
Selling shares:
Selling shares at any time is subject to the Personal Account Dealing (PAD) policy.
If you’re an insider or are involved in a material project, or if you work for NatWest Markets, you’ll need to get pre-approval from your line manager and on the PAD system for any sale.
If these restrictions apply to you, you’ll have been sent an email to tell you. If you’re not sure, you can ask your line manager or contact the PAD team.
If you decide to buy shares and you don’t sell them all, your shares will be held in an online account with EquatePlus.
It depends on what choice you have made.
Income tax and National Insurance:
Your monthly contributions were taken from your pay after tax. There is no income tax or National Insurance to pay if you use your option to buy shares at the end of the savings period.
Capital Gains Tax:
There may be Capital Gains Tax to pay if you sell your shares, although this will depend on your own individual circumstances. You can currently make up to £12,300 profit from selling investments each year without paying CGT though.
Income tax on dividends:
If you keep your shares, you'll be entitled to any future dividends. Everyone gets a tax-free dividend allowance each year, so if the total dividends you receive from your NatWest Group shares and any other investments you hold are below this level, you won’t pay any income tax.
The allowance is currently £2,000, but this is due to reduce to £1,000 in 2023 and £500 in 2024. If you earn dividends over the allowance, you'll need to complete a tax return and pay tax on dividends earned over the allowance.
If you’re not sure about tax, we suggest speaking to a tax adviser. If you’re in Jersey, Guernsey, Gibraltar, or Isle of Man, you should read the offshore tax note on EquatePlus.
If you’ve been on an International Assignment since the start of ShareSave, you might have a different tax liability if you sell your shares.
Yes, you can.
Usually, to move shares into an ISA you need to sell them and buy them back within the ISA. But with ShareSave you can avoid this if you do it within 90 days of buying the shares.
Once they’re within the ISA, your shares will be free from Capital Gains Tax and any dividends will be free from income tax.
To do this, contact your ISA provider to let them know what you want to do. They’ll tell you which documents you’ll need to send them, which are likely to include:
You can start the transfer on EquatePlus by clicking on the Share Plan Account tile on the Overview screen and selecting Transact. You’ll need your ISA account details.
You can transfer your NatWest Group shares to your spouse or civil partner as a gift.
If your instruction is received by us during Stock Exchange Trading Hours and we accept such instruction to sell, we will aim to exercise your Option and instruct the Broker to execute the sale of your resultant Shares on your behalf on that Stock Exchange Trading Day.
Instructions which are received after the close of Stock Exchange Trading Hours will be treated as having been received at the opening of Stock Exchange Trading Hours on the next Stock Exchange Trading Day. If your account matures on 18 December, there will be a final processing date on 18 June in the following year and your instruction must be received by 4.30pm on the final processing date.
If your original savings contract has been extended to complete previously missed payments, your valid instruction must be received by 4.30pm on the business day prior to your Option lapsing. If your instruction is received by us during Stock Exchange Trading Hours and we accept such instruction to sell, we will aim to exercise your Option and instruct the Broker to execute the sale of your resultant Shares on your behalf on that Stock Exchange Trading Day.
Instructions which are received after the close of Stock Exchange Trading Hours will be treated as having been received at the opening of Stock Exchange Trading Hours on the next Stock Exchange Trading Day.
We wrote this content as a guide to your choices at the end of your ShareSave plan. It’s not a comprehensive guide to all of the plan rules.
Your participation, or right to participate, in the plan is governed by these rules and doesn’t affect, or form part of, your contract of employment. The rules include specific provisions limiting your rights under the plan.
You have no right to compensation or damages for any loss of rights, benefits, or prospective benefits under the plan if your employment is terminated. There is no guarantee that we’ll offer a ShareSave plan every year, or that if we do offer one, you’ll be able to take part.
We may amend, suspend, or terminate all or part of a plan at any time, but only in accordance with the plan’s rules.
Where we’ve talked about tax, we’ve based this on the rates and rules at the time. These are for guidance only and can change in the future. Any tax you need to pay will depend on your own individual circumstances.
In the case of any conflict between this content and the rules of the plan, the rules apply.
Further information on NatWest Group and details of the rights attached to the shares can be found in the Investor relations section of our website. 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.
If you pay tax in the US, you should bear in mind that you might need to pay tax under the ‘deferred compensation' rules. US taxpayers are strongly advised to seek their own tax advice from an independent US tax adviser before they decide to participate in ShareSave.
We wrote the content on this site to help you make your choice, but it’s not advice, or a recommendation to buy, sell or hold NatWest shares.
The value of shares can fall as well as rise, so you could get back less than you invest. Dividends aren’t guaranteed.
If you’re not sure what to do, or have any doubts about your tax position, we suggest you speak to a financial adviser.
NatWest Group plc
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Registered Office: 36 St Andrew Square
Edinburgh EH2 2YB