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Discover the Sainsbury’s
Share Purchase Plan

An easy and flexible way for you to buy Sainsbury’s shares that’s tax efficient too! The Sainsbury’s Share Purchase Plan (SSPP) allows colleagues to own a part of Sainsbury's using your pre-tax pay.

You can join any time after 12 months’ continuous service.

 

Here’s why we think you should take a closer look

Flexible. Contribute from just £8 per pay period from your pre-tax pay. Start, stop, or change contributions anytime.

Potential profit. Benefit from any growth in Sainsbury’s share price (remember, prices can go down as well as up).

Dividends. Receive any dividends paid on the shares you hold.

Low-cost. No dealing charges when buying shares and no annual management fees. Charges only apply when you sell.

Have your say. Attend and vote at Sainsbury’s Annual General Meeting as a shareholder.

Tax efficient. Save on tax and NI when buying shares through the SSPP.

Choose how much you’d like to contribute.

Decide how much to contribute from £8 to £138 per pay period (£150 if monthly paid), or up to 10% of your pre-tax pay if this is lower. You can stop, start or change your contribution at any time via the share plans portal.

Shares are purchased on your behalf.

Your contributions are taken directly from your pre-tax pay and used to buy Sainsbury's shares at the market price. Only whole shares are bought, any money left over will be rolled over to your next purchase.

Shares are held in Trust.

Your shares are held in Trust on your behalf by MUFG Corporate Markets Trustees (UK) Limited. You can sell anytime, but selling within five years may mean you pay Income Tax and NI.

After five years, you can sell your shares without paying Income Tax and NI.

Should I join?

 

Share prices can go up or down. Check the latest price.

Benefits impact. If you receive income-related benefits, please see the FAQs.

Tax efficiency. To stay free of Income Tax and NI, keep your shares in the SSPP for five years (unless you leave Sainsbury’s under certain circumstances, please see the FAQs).

How do I join?

  • Visit your Share Plans Portal via the web or through the App. 
  • Click ‘Apply for SSPP’ and decide how much you want to contribute.
  • You’ll receive confirmation once you’ve applied.
  • Your first deduction from your pay will be from your next payslip, once your application has been processed.

Any questions?

Visit our FAQs and ways to contact MUFG Corporate Markets.