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 TSB 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 TSB Group staff take advantage of Sharesave and consider the
scheme an extremely important element of their reward package.
