Main
Become an easyjet shareholder
You're invited to join Buy As You Earn (BAYE) - a plan that allows you to become a shareholder in an easy and tax-beneficial way. Read on to see what you can get before you decide!
Key benefits
- Deducted from pre-tax pay
- Invest £5 to £150 per month
- No Capital Gains Tax on shares in the Plan
- No impact on pensionable or bonus pay
Buy as you earn
Buy as You Earn (BAYE) is available to UK employees who have been employed for three months and is a great way to become an easyJet shareholder.
Decide how much you want to invest. You can invest from a minimum of £5 up to a maximum of £150 a month, providing the amount does not exceed 10% of your pre-tax salary. Your contribution is deducted each month from your gross salary, so before income tax.
Every month, shortly after statutory deductions are taken from your pay, Equiniti Limited (EQ), who manage the Plan, will buy as many whole shares as possible for you at the market price. Any money left over at the end of the month will be carried forward and used to buy shares the next month.
There’s an advantage to shares being paid for from gross (pre-tax) pay.
The table below illustrates the equivalent cost of purchase if shares were bought from net pay.
| If tax is paid at 40% and NI at 2% | If tax is paid at 20% and NI at 8% | |
|---|---|---|
| Salary | £100 | £100 |
| Tax | £40 | £20 |
| National Insurance | £2 | £8 |
| Equivalent cost of purchase | £58 | £72 |
| Value of shares bought | £100 | £100 |
|
All references to tax are to UK tax. Employees
not residing in the UK may not be eligible for UK tax benefits
and should consult their local tax authorities or adviser for details. The above is for illustrative purposes only. It is based on the UK rates for the 2024/25 tax year and reflects the NI change introduced on 6 April 2024. |
||
How to join
Join the SIP online via the easyjet Employee Share Plan ('ESP') Portal
Log in and click on the 'I want to section' and follow the instructions.
JOIN NOWOR
OR
Download the EQ Share Plans app
Scan the QR code below to download the EQ Share Plans App or search for 'EQ Share Plans' in the 'App Store' or 'Play Store'.
App Store
Play Store
Download the EQ Share Plans app to log in and submit your instruction.
How baye works
Sign up by clicking the 'JOIN NOW' button. If you have previously registered you can simply log in but if you have not previously registered sign up via 'Register new account'.
Once logged in select 'Apply for BAYE' under 'I want to ...' section.
Decide how much you want to save each month between £5 and £150 or a maximum of 10% of your pre-tax salary (whichever is lower) and complete the application.
The amount will be deducted from your pre-tax salary every month and shares will be purchased for you at the market price on or around the 10th of the month. If you apply before the end of the month your first deduction will normally be made the following month.
You can review your Plan holding at any time via the ESP Portal.
You can sell or transfer your BAYE shares at any time but you’ll need to pay statutory deductions if shares have not been held for five years.
You’ll get maximum tax benefits if you do not sell your shares for five years.
Explain the difference
Buy As You Earn and Save As You Earn
| BUY AS YOU EARN | SAVE AS YOU EARN | |||
|---|---|---|---|---|
| What are the main benefits? | Shares are bought with pre-tax pay. | You can buy/purchase shares with up to 20% discount at the end of the savings contract. | ||
| How much can I contribute? | Up to £150 a month from your pre-tax pay (or 10% of pre-tax pay if lower). | Up to £350 a month from your net pay (£500 across all savings Schemes). | ||
| What is the contribution period? | Ongoing once you’ve been employed for 3 months. | Three year fixed term. | ||
| Can I change my monthly contribution? | Yes by going online. | No, but you can pause for up to 12 months for any reason. | ||
| What are the risks? | You are buying shares straight away and the value of those shares can go down as well as up. | Low risk. You can always get your savings back (without any fees or taxes) at any time, for any reason if the share price falls. | ||
| Do I qualify for dividends? | Yes, which can be reinvested to buy Dividend Shares. | Not until you have bought the shares at the end of the fixed term. | ||
| What is the tax position? | Shares are bought out of pre-tax pay. Statutory deductions are normally payable if you leave the Plan before the shares have been held for five years. There is no CGT to pay, when shares are withdrawn from the Trust. | Savings are made from net pay meaning there is no statutory deductions on exercise. CGT may be payable on the difference between any sale proceeds and the Option Price of the share Option. |
Participation in BAYE is subject to the rules of the Plan. In the event of any conflict between any information in this booklet and the rules of the Plan, the rules of the Plan will prevail. You can get a copy of the rules from the Company Secretarial department. easyJet may amend the Plan at any time, but will only do so in accordance with the rules.
Participation in, and the operation of BAYE, won’t form part of or affect your contract of employment or your employment relationship, nor will it give you the right to continued employment. Participation in a grant or award under the Plan does not indicate that you’ll participate, or be considered for participation, in any later grants or awards. Specific provisions are included in the rules of the Plan under which you waive any claims to any compensation in respect of the Plan when you leave employment.
