Shortly before the end of the three years (around mid-February), you’ll receive information explaining the choices available to you and the action you need to take. You’ll then be able to buy shares at the discounted share price or have your savings returned to you. If you don’t make a decision within six months, all of your savings will be returned to you automatically.

We’ll be in touch when your Sharesave is due to mature detailing your options and how you can make your choice.

When you submit a sale instruction, your shares will be sold on your behalf. You’ll be asked to submit your bank account details via oursainsburys.co.uk/shares when you submit your instruction. Once the shares have been sold your sale proceeds will be sent directly to that bank account. More details will be made available at the time of the maturity. 

A £15 dealing fee is charged on the sale of your shares if you choose to buy and sell your shares. This will be deducted from the proceeds of your sale before you receive the funds.

If you choose to buy and keep your shares and sell at a later date, the following dealing fees will apply.

If your shares are held in the Corporate Sponsored Nominee (CSN):
Online/Telephone: 0.3%, minimum fee £15
Postal dealing: 1.9%, minimum fee £65

If you have a share certificate for your shares:
Telephone: 1.45%, minimum fee £60
Online: 1.45%, minimum fee £45
Postal dealing: 1.9%, minimum fee £65

Rates shown were current at the time of publication of this FAQ..

Under normal circumstances, you won’t have to pay income tax when you buy shares at the discounted share price. If you sell your shares and your profit means your total capital gains exceed the annual allowance, you may need to pay Capital Gains Tax (CGT). Watch the WEALTH at work webinar for more information.

The annual CGT allowance for the 2025/26 tax year is £3,000 (please visit www.gov.uk/tax-sell-shares for the most up to date CGT allowances as these may be subject to change). You should consult a qualified independent financial advisor if you would like advice on Capital Gains Tax, or tax more generally.

If you’ve received an email notification informing you that you’re unable to deal in Sainsbury’s shares, you must wait until you receive an email lifting this restriction before you buy, sell or transfer shares. You’re also unable to join a new Sharesave or cancel an existing plan if you’re restricted from dealing.

You can choose how to hold your shares at the point of exercise via  https://uk.investorcentre.mpms.mufg.com/employee/sbry. Your shares can be held electronically (in a Nominee account) or as a paper share certificate.

The MUFG Corporate Markets Corporate Sponsored Nominee (CSN) service is an online account that is set up to hold your shares electronically on your behalf and is available to all Sainsbury’s colleagues based in the United Kingdom. It allows you to hold your shares safely and securely without the need for paper certificates and gives you access to an online share dealing service, where you can sell your shares and receive the funds direct to your bank account.

If you wish to keep your shares and transfer them into the CSN, you will be required to accept the terms and conditions of the CSN account via the Share Plans Portal or the Investor Centre App.

If you’d like to receive a paper certificate, you’ll need to select to keep all of your shares and request a share certificate to be sent to you. A share certificate will be sent to you by post to your registered address. Please note that your share certificate will be posted at your own risk. Refer to the Sharesave 2022 Maturity Booklet if you need help to make your choice.

You can choose to transfer all or part of your shares to your spouse or civil partner. Refer to the Sharesave 2022 Maturity Booklet for more information on how to make your choice.

If you choose to transfer your shares to your spouse of civil partner, a paper certificate will be sent to your spouse or civil partner at the address you provide.  
Please note that your share certificate will be posted at your own risk.

Your spouse or civil partner will not be able to sell their shares until they have received a share certificate. See Can I transfer shares into an ISA?  for information on how your spouse or civil partner can then transfer the shares into an ISA.

To transfer your shares into an ISA you’ll need to select to keep all of your shares and then request for a share certificate to be sent to you. Refer to the Sharesave 2022 Maturity Booklet for more information.

You may transfer some or all of your shares within 90 days of placing your exercise instruction into an ISA of your choice, provided you have not already used your ISA allowance for the year in which the transfer takes place. Refer to the WEALTH at work webinar for more information.  

If you wish to transfer your shares into an ISA, your ISA provider may require a Letter of Appropriation. This letter will be available in the ‘Documents’ section of the Share Plans Portal up to 10 working days after you submit your instruction. Please note you won’t be able to see this via the App.
 

If you wish to transfer your shares into an ISA, you will require a Letter of Appropriation. This letter will be available in the ‘Documents’ section of the Share Plans Portal up to 10 working days after you submit your instruction. Please note you won’t be able to see this via the App.