You’re eligible to join if you’re currently employed, are not working your notice and started your employment on or before 14 February 2026. If you’re eligible, you’ll be sent an invitation via email or by post with all the information you need to join.

In most cases, yes. However, if the total applications exceed the set number of shares available, the amount you have applied to save per pay period may be reduced – this is known as a scale back. If we have to do this, we’ll let you know before the start of the plan.

The discounted share price is determined by applying a 20% reduction to the average J Sainsbury plc share price over the period from 11 to 13 May 2026.

Yes, as long as you don’t pay more than £250 each pay period across all of your Sharesave Plans. For example, if you currently pay £100 into one Plan and £100 into another, you can apply but not pay more than £50 into a third Plan.

When you’re applying, you’ll be able to see your available headroom.

You can cancel an existing Sharesave plan(s) if you’d prefer to pay more into this year’s plan instead. If you do so before 5.00pm on 1 June 2026, these savings will not count towards the maximum savings limit.

If your application exceeds the maximum savings limit, we’ll be in touch to ask you to reduce your chosen savings amount. If we don’t hear back from you before the invitation deadline, your application will be scaled down or withdrawn.

You can apply online on the Share Plans Portal or Investor Centre App any time from now until 5.00pm on 1 June 2026.

When you apply via the Share Plans Portal or Investor Centre App, you’ll receive an email confirming your application. Please keep this email for your records.  You’ll also be able to see the details of your new plan in your Plan Summary on the portal / app from mid-June, along with your Option Certificate which will be uploaded to the Documents section on the portal. This will have all the details of your plan and confirms the number of shares that will be available for you to buy at the end of the three-year savings period. You won’t be able to view your Option Certificate on the app.

The number of shares you can buy will be shown on your Option Certificate in the Documents section on the Share Plans Portal. This won’t be available to view on the Investor Centre App. Assuming you save for the three years, this will be your total savings over the three years, plus your bonus, divided by the discounted share price.

The first deduction will be taken from your 24 July 2026 pay and will be taken directly from your pay after tax. You will make 36 payments in total. We recommend that you check your payslip regularly to view your deductions. Assuming you don’t miss any payments, your last deduction will be taken from your pay on 30 March 2029.

You can change your chosen contribution on the Share Plans Portal or via the Investor Centre App during the application window by going to your open offers and editing your instruction.

Once the application window has closed at 5.00pm on 1 June 2026, you won’t be able to change your chosen amount. However, you can pause your savings or close your account at any time, and you’ll always get back the money you saved. If you withdraw your savings before the end of the three years, you’ll lose the opportunity to buy shares at the discounted share price.

To see your savings to date, log into the Share Plans Portal or Investor Centre App.

You’ll also receive annual statements from MUFG Corporate Markets in July which will be available to view on the portal. If you’re already in a Sharesave plan, you’ll continue to receive annual statements from Equiniti.

You can miss up to 12 payments and continue with your Sharesave plan. However, if you miss 13 payments, your savings contract will lapse, you’ll no longer be able to buy shares at the discounted share price and your savings will be returned to you.

Your Sharesave plan starts after MUFG Corporate Markets has received your first payroll deduction in July 2026. If you don’t make the first contribution, your Sharesave account may be closed and you’ll no longer be able to participate in the Plan.

If you miss 12 or fewer payments, you still need to make the full number of payments, so the date when you could buy shares and receive any bonus will be delayed.

Your savings, which are held with Lloyds Bank plc*, are your own and are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. In respect of deposits, an eligible depositor is entitled to claim up to £120,000.

For further information about the scheme, refer to the FSCS website, www.fscs.org.uk, or call the FSCS on telephone number 0800 678 1100.

*Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Authorisation can be checked on the Financial Services Register at www.fca.org.uk. Eligible deposits with Lloyds Bank plc are protected by the Financial Services Compensation Scheme (FSCS). Lloyds Bank plc is covered by the Financial Ombudsman Service (FOS).

Don’t worry, you’ll always get back the money you put in. If you need to close your account at any time and for any reason, you can do so online via the Share Plans Portal or Investor Centre App.

If you close your account before the end of the three years, you’ll lose the opportunity to buy shares at the discounted share price. If you close your account during the first year, all your savings will be repaid without interest; after the first year, and when MUFG Corporate Markets has successfully received 12 payments, you will receive interest on your savings. The level of interest to be paid on early withdrawals (the early leaver rate) is fixed by HMRC at the start of the savings contract. The early leaver rate for Sharesave 2026 is 0.5%. This will be tax-free.

Provided that you receive sufficient pay to cover your chosen contribution amount, your payments will continue to be taken as normal. If you’re worried that your pay will not cover your contributions, you are able to:

• Make payments directly to MUFG Corporate Markets. If you require a standing order form to do this please contact MUFG Corporate Markets before you go on leave as payments can’t be backdated or;
• Miss up to 12 payments (see Can I miss payments?) or;
• Close your plan and take back your savings

If you leave due to redundancy, retirement, TUPE transfer or through a capability dismissal following a period of long-term absence, you can:

• Add up to six further payments to your savings (depending on how many four-weekly deductions have been taken from your pay and how many months into the savings contract you are at the point of leaving), then use your savings and bonus or interest due to buy shares at the discounted price; or
• Take your savings and any interest due at any time.

You’ll have six months from your leaving date to decide what to do, and MUFG Corporate Markets will write to you to explain your choices.

If you leave for any other reason, you can either get your savings back with any interest due (provided you have made 12 payments) or continue saving until the end of the savings term to receive your bonus. However, you’ll lose the right to purchase shares at the discounted share price. 

Shortly before the end of the three years, we’ll provide information to explain 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 with your savings and bonus to keep (and become a Sainsbury’s shareholder) or sell the shares to receive the cash and any profit or have your savings and bonus returned to you. If you don’t make a decision within six months, all of your savings and bonus will be returned to you.

Yes. At the end of the three years, you’ll receive interest in the form of a bonus equal to 0.4 x your chosen savings amount which will be used to purchase shares, or returned to you in cash along with your savings.

See ‘What happens if I need to close my account early?’ for information about the interest paid if you leave before the end of the three years.

Your shares can be held electronically in the Corporate Sponsored Nominee, or as a paper certificate.

No, you don’t. We all know that share prices can go down as well as up, so you can take back all of your savings and bonus as cash.

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). You should consult a qualified independent financial advisor if you would like advice on capital gains tax, or tax more generally.

Yes, if you decide to buy shares and keep them at the end of the three years, you can transfer them into an ISA. If you transfer your shares into an ISA when you make your choice to keep them, the shares may not be subject to CGT. You should consult a qualified independent financial advisor for advice.

If you need to change your name, home address or email address, please update via My HR.

You can contact MUFG Corporate Markets on 0371 664 0555 or email Sainsburys.SharePlan@cm.mpms.mufg.com. We are open 9.00am to 5.30pm (UK time), Monday to Friday (excluding public holidays in England and Wales).