Maturity date
1 September 2025
Great News
As long as you haven’t missed any monthly contributions, your SAYE 2022 will mature on 1 September 2025 and you need to start thinking about what you want to do next.
It’s important that you consider things like Tax and whether you want to sell some or all of your shares. We recommend that you check the easyJet share price before taking any action (as the price of shares can go down as well as up) and/or seek financial advice if you need help in making a decision.
£3.99
FIXED DISCOUNTED PRICE
WEALTH at work webinar
Whether you're a first timer or have signed up for SAYE before, this session is a great opportunity to understand the important stuff around:
- Your choices at maturity.
- How much profit you could potentially make.
- Whether you need to pay any Capital Gains Tax (CGT) on any profits.
- How to be smart with CGT allowances.
- Transferring your shares into an Individual Savings Account (ISA).
A recording will be available for those unable to attend a live session.
Book your placeYour instruction
Potential Capital Gains Tax (CGT)
Once you understand how to access your shares and your options, it's important to check whether you’ll be liable for Capital Gains Tax (CGT) and what you can do to minimise it before you tell Equiniti Limited (EQ) what you want to do.
CGT is a tax on the profit (or "gain") made from the sale of certain types of assets. In the UK, CGT applies when you sell or dispose of assets such as stocks and shares, property, or valuable collectibles and make a profit on the sale.
You might be liable to CGT if the current share price is above the 2022 fixed discounted price of £3.99, and your profits are above the £3,000 tax-free allowance for the 2025/26 tax year. You can use the calculator to determine any potential CGT liability.
The rate of CGT you pay depends on your overall taxable income. For more information on the rates that may apply visit www.gov.uk/capital-gains-tax/rates.
If your total gains exceed the annual exemption of £3,000, you'll need to report the gains to HM Revenue and Customs (HMRC) and possibly pay CGT.
It's your responsibility to notify HMRC of any taxable transactions, whether you receive a Tax Return or not. Failure to do so may result in penalties being imposed on you. Simply because you do not receive a Tax Return to complete, does not mean that a Tax Return does not need to be completed. See FAQs for more information on reporting your CGT liability.
We've teamed up with WEALTH at work to provide some financial education sessions in August and September. They'll go through all the choices available including when CGT might be an issue and what to do about it.
After attending one of these sessions, you can have a call to discuss any personal queries you may have.
Learn more about Capital Gains Tax (‘CGT’)
Individual Savings Account (ISA)
An Individual Savings Account (ISA) is a type of savings or investment account available to residents of the UK, allowing them to save or invest money without paying tax on the income or capital gains earned within the account.
An ISA can help with CGT in several ways:
Any capital gains made on investments held within an ISA are exempt from CGT. This means that you can buy and sell investments within your ISA, and you won’t be taxed on the profits.
An ISA allows you to invest a certain amount each tax year (the annual ISA allowance), which for the tax year 2025/2026 is £20,000. Any returns on investments up to this limit are tax-free. If you haven't already used up your ISA annual allowance, HMRC will allow you to move your shares into an ISA, within 90 days of buying them at maturity. This is beneficial if your gains exceed the CGT annual exemption.
Any ISA profits you make from selling the shares in the future will be protected from CGT. Since gains and dividend payments within an ISA are tax-free, you do not need to report them to HMRC, simplifying things for you.
Making use of an ISA can be a strategic way to grow your investments without paying tax, thereby maximizing your overall investment returns.
Important information
If you transfer the shares to an ISA after 90 days from buying them, you may have to pay CGT on the
transfer as the shares will need to be sold and bought back again when in the ISA. If you're unsure, speak to a
member of the WEALTH at work guidance team.
Transferring to an EQi Flexible Stocks & Shares ISA (EQi ISA)
We've also partnered with EQ and Equiniti Financial Services Limited (EFSL), to give you the option to transfer your shares into the EQi ISA. For speed and simplicity we’ve made this straightforward. When you give your maturity instruction through the Employee Share Plans (ESP) portal or EQ Share Plans app you'll be given an opportunity to open an EQi ISA account. Once issued, your shares will be transferred to your EQi ISA account.
If your shares are worth more than £20,000 (the annual ISA limit), any shares above the £20,000 will automatically be moved into an EQi Dealing account linked to your EQi ISA.
Please be aware that if you transfer shares from your EQi Dealing account into your ISA more than 90 days after purchasing them, you'll need to sell and repurchase the shares, which could lead to a CGT liability.
You can sell your shares after transferring them into the EQi ISA whenever you choose. However, be aware that if many people sell at the same time, it could lower the share price. Remember, there's no rush to sell your shares, you won't face CGT as long as they remain in the EQi ISA.
For more information on the EQi ISA, visit eqi.co.uk/info/your-sharesave.
You can choose a different ISA product by selecting the first option - to keep your shares in the easyJet Nominee Service. This option allows you to transfer your shares later, if you want to make alternative arrangements.
You have plenty of time to make your decision about your shares. Take time to consider your options, learn more, and ask questions. When you're ready, you can act.
Here are some key questions to think about:
1
Is your gain more than the annual CGT tax-free allowance, potentially causing a CGT liability?
2
Have you used your £20,000 annual ISA allowance yet?
3
Do you need the cash now, or would you prefer to keep the shares and potentially receive dividends?
4
Would you like to sell some shares and keep the others?
Depending on your answers there are some things you could do.
If you'd like to sell and your gain exceeds the CGT tax-free allowance, and you haven't used your £20,000 ISA allowance
- Consider transferring your shares into an ISA, either directly into an EQi ISA or from the Nominee Service to another ISA provider where any sale of shares is sheltered from a CGT liability.
And if you've used your ISA allowance.
- There's no rush. You have six months from your maturity date to buy your shares. You can use the Nominee Service to hold your shares until you have room within your ISA allowance. Remember, any direct transfer to an ISA will need to be done within 90 days of buying your shares.
If your gain is below the annual CGT tax-free allowance and you need cash quickly, consider selling all your shares using the Equiniti Financial Services Limited Share Sale Service.
And if you prefer to keep some or all of your shares, you have two options:
- Hold them in the Nominee Service where you can manage sales within the CGT tax-free allowance or transfer them to your spouse or civil partner for them to make use of their CGT annual exemption. See FAQs for more information on transferring shares to your spouse or civil partner.
- Transfer them into an ISA or an EQi ISA. Where any sales or growth in value is sheltered from CGT liabilities.
Keep in mind, if the share price increases and the gain from the sale of your shares in the future exceeds the CGT allowance, you'll need to pay CGT if the shares are held outside of an ISA.
For further advice, consider speaking to the WEALTH at work guidance team.
If the share price is higher than the fixed discounted price of £3.99, you can’t request repayment of your savings online. This is because you might earn more by selling your shares through the Nominee Service or the ISA. Please note that share prices can move (up or down).
Your first step is to buy your shares at the Fixed discounted price and either:
Video Guide
About this option
Your shares will be held electronically in the Nominee Service and can be managed in the ESP Portal. This gives you the most time to consider what to do next, including:
- Transferring shares to your spouse or civil partner to use their annual Capital Gains Tax (CGT) allowance.
- Moving your shares to another ISA provider. This must be done within 90 days of buying the shares to avoid a potential CGT liability.
More details on how to do this and the forms to use are in the FAQs.
Transfer fees are waived if the transfer request is made within 90 days of the shares being moved to the Nominee Service.
Please note, if you sell your shares and the gain exceeds your annual CGT allowance, you'll need to pay CGT. Please see FAQs for information on reporting and paying CGT.
You should read the details on the EQi ISA if this applies to you.
If you're not sure, speak to one of the WEALTH at work guidance team after you’ve attended one of their sessions.
Keep in mind, the value of shares can go down, meaning you might not recover your full investment, or they could increase, potentially resulting in gains above the CGT allowance.
Video Guide
About this option
Choosing this option means you can buy and sell shares invested in the ISA without having to pay tax on any profit whether you decide to sell your shares immediately or hold them over time.
If you choose this option, this is what you’ll receive:
- Two welcome letters within 5 working days of opening your account. One will contain your PIN and the other will provide your EQi account number and instructions on how to access your account to manage your shares.
- Email notifications about the completion of any transactions from your EQi Dealing account (a complimentary account linked to your EQi ISA).
For those with share values over £20,000 (the annual ISA allowance), shares exceeding this value will be transferred to an EQi Dealing account.
Please note, transferring shares from your EQi Dealing account to your ISA after 90 days from purchase involves selling and repurchasing the shares, which may lead to a CGT liability.
It is a legal requirement to confirm the identity of all individuals opening an EQi ISA.
If your identity can’t be verified, you'll receive a letter requesting specific ID documents. If these documents are not provided within the required timelines, your shares will be held in your EQi Dealing account or issued as a certificate, and your EQi account will be closed with a refund of any admin fees.
For more details on the benefits of an EQi ISA, visit eqi.co.uk/info/your-sharesave
Costs and fees
You can find full details of dealing fees at eqi.co.uk/info/how-it-works/pricing under dealing commission.
Video Guide
About this option
The straightforward way is to sell your shares as part of the maturity process on the ESP Portal or the EQ Share Plans app. This uses the Equiniti Financial Services Limited Share Sale Service and requires only one instruction and follows a set dealing timetable.
This gives you quick access to any profits from your shares but will be subject to Capital Gains Tax (CGT), if your profits are over the CGT annual exemption
You might choose this option if you’ve used the calculator and your gains are below the CGT annual exemption.
You can still choose this if your gains are more than the CGT annual exemption, but you'll need to pay CGT on the gain above the CGT annual exemption. If this is your situation, consider reading about the EQi ISA option, which might be more beneficial. Selling shares through the EQi ISA on the first day they are eligible can exempt them from CGT, provided the shares were transferred to the EQi ISA within 90 days of purchase at maturity.
Once you've told us to sell your shares you'll receive an email confirmation which will be sent to the email address you have used to register your ESP Portal account or EQ Share Plans app with. Refer to the key dates to find out when the sale will take place.
After the sale, you'll be notified that the contract note detailing the sale is available online, and the proceeds will be deposited into the same bank account your salary is paid into, within 5 working days of the sale's completion. Refer to Maturity Timeline for more information on when you'll receive your proceeds.
How to submit your instruction
You can submit your instruction on the Employee Share Plans ('ESP') Portal
Log in and click on the 'I want to' section and follow the instructions.
SUBMIT YOUR INSTRUCTIONOR
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
Not all choices are available via the app - for UK employees the EQi ISA choice is not available and for International employees the Global Nominee choice is not available.
Download the EQ Share Plans App to log in and submit your instruction.
Not all choices are available via the app. For UK employees this is the EQi ISA choice and for International employees this is the Global Nominee choice.
Key dates for your calendar
First Share Purchase and expected sale date
1 September 2025
Last date to make an instruction
28 February 2026
Decision tree
Consider your choices
To use this decision tree you'll need to know your potential share value and capital gain, go to the calculator to work this out if you haven't already done so.
What would happen if you choose to sell or keep and hold your shares?
Based on the number of shares you want to sell, will your capital gain, after taking into consideration other gains through the tax year, be more than the annual CGT allowance of £3,000?
This will mean that you won't pay CGT if you sell your shares. You can find out more about CGT in the 'Consider' section above.
You have three options:
Choice 1: If you want the cash at maturity choose the 'Sell' option when making your instruction.
Choice 2: Buy and hold them in either the Nominee Service or EQi ISA and sell them later.
Remember, that if you keep your shares the value may increase over time and you may have to pay CGT when you sell them.
What happens if I choose...
Find out more about CGT, transferring shares to a spouse/civil partner or into the ISA in the 'Consider' section above.
What happens if I choose...
Once your shares are in your account (see Maturity Timeline) you can:
- sell some or all of them. If your gains are more than the annual CGT allowance, you'll incur a CGT liability.
- transfer some to your spouse/civil partner. They can then sell them and to make use of their annual CGT allowance.
- transfer shares elsewhere.
Are your shares valued at over £20,000?
Your shares will be sold (see Maturity Timeline) in accordance with the Share Sale Service dealing terms and conditions that can be found online. If your profit (gain) is more than the annual CGT allowance, you will need to pay CGT.
You'll only have to give one instruction via the ESP portal.
You don't have to sell all your shares now. You can choose to sell some and transfer the balance into your Nominee Service account. Choice 1 outlines what you can do with the shares once they are in that account.
Once your shares are in your EQi ISA account (see Maturity Timeline) you can sell some or all of them. You will not pay CGT on any gains.
Shares to the value of £20,000 will be transferred directly into your ISA account. Any shares left over will be added to the linked EQi Dealing account.
Shares in the EQi ISA
Once your shares are in your EQi ISA account (see Maturity Timeline) you can sell some or all of them. You will not pay CGT on any profit (gains) you make from selling them.
Shares in EQi Dealing account
Once your residual shares are in your EQi Dealing acount (see Maturity Timeline) you can sell some or all of them. If you make more profit (gain) than the CGT annual exemption, you’ll have to pay CGT.
Being a shareholder means that you have invested in the company and its future. Owning shares can be a long term investment and is not without risk. If easyJet pay a dividend, based on where you hold your shares, you may have to pay tax on dividend income if it is above the annual threshold of £500.
What happens if I choose…
You can choose to keep your shares in Corporate Sponsored Nominee
Depending upon your level of income, you may have to pay tax on dividend income you receive if it is above the annual threshold of £500.
You can choose at a later date to:
- sell some or all of them. If your gains are more than the annual CGT allowance, you will incur a CGT liability.
- transfer some to your spouse/civil partner. They can then sell them and make use of their annual CGT allowance.
- transfer shares elsewhere.
Are your shares valued at over £20,000?
Shares to the value of £20,000 will be transferred directly into your EQi ISA account. Any remaining shares will be added to the linked EQi Dealing account.
EQi ISA
Whilst you hold the shares in your EQi ISA account any dividend income will be exempt from income tax. If you sell the shares at a later date, you will not pay CGT on any gains.
EQi Dealing account
Depending upon your level of income, you may have to pay tax on dividend income you receive on shares held in the EQi Dealing account if it is above the annual threshold of £500. You can sell some or all of the shares. If your gains are more than the CGT annual exemption, you will incur a CGT liability.
Whilst you hold the shares in your EQi ISA account any dividend income will be exempt from income tax. If you sell the shares at a later date, you will not pay CGT on any gains.
Please note: Nothing within this decision tree is financial advice and is illustrative only. It is for you to explore what the best choice may be for you and to speak to one of the WEALTH at work guidance teams if you are unsure.
You’ll not have to pay UK income tax on any gain (the difference between the market value when you buy the share and the fixed discounted price of £3.99 paid for them). When you sell the shares you may have to pay Capital Gains Tax (‘CGT’) (see What about Tax? in the FAQs). The CGT annual exemption in the 2025/2026 tax year is £3,000.
For CGT purposes:
- Transfers to your spouse/civil partner – are not treated as disposals – your spouse/civil partner is treated as having acquired the shares at the same time and price as you originally acquired them, and your spouse/civil partner can use their £3,000 CGT annual exemption against any capital gain made when they eventually sell the shares.
- Direct transfers to ISAs (by SAYE participants within 90 days after purchase) are not treated as disposals when they are transferred into the ISA.
- Transfers to a spouse/civil partner’s ISA are treated as disposals for CGT purposes. Further assistance on CGT You can find the Government’s guidance on CGT at www.gov.uk/capital-gains-tax
This tax guidance is predicated on you being tax resident in the country in which you are based for your easyJet duties and that you remain working in that country throughout the 3 years period of your savings contract. If you are not tax resident in your country of employment, or if you change your base country during the 3 year savings period, your personal tax position may differ. You may become liable for income tax, social security or capital gains tax in that ‘other’ country on the value of any gain/ profit arising at the end of your savings period or eventual sale of the shares. We recommend you seek independent personal tax advice in that ‘other’ country prior to entering into the savings contract, or prior to relocating if applicable, to ensure you are aware of any tax charges that could arise in any country when you exercise your option to buy your shares and/ or when you sell the shares.
If you are in any doubt about what to do when your 2022 SAYE matures, you may wish to consult an independent financial adviser.
Disclaimer
Your maturity instruction can not be cancelled or changed under any circumstance.
All instructions are dated and time recorded.
For deferred maturities where a maturity instruction is placed prior to the new maturity date and the choice elected is no longer offered at the point of maturity, the default choice to transfer to the Nominee Service will apply.
WEALTH at work webinar
Whether you're a first timer or have signed up for SAYE before, this session is a great opportunity to understand the important stuff around:
- Your choices at maturity.
- How much profit you could potentially make.
- How to tell us what you want to do
The webinars will take place throughout August. A recording is available for those unable to attend a live session.
Book your placeYou've got choices
Choose what you want to do with your savings:
Video Guide
About this option
This option is only available on the Employee Share Plans (ESP) Portal. You can use your savings to buy shares.
When you buy the shares, your savings are converted to GBP at the current exchange rate. You can view your shares in your Global Nominee account through the ESP Portal.
The advantages of using a Global Nominee account include:
- Shares are held electronically, reducing the time it takes to settle transactions and speeds up the receipt of the proceeds of any sale compared to physical share certificates.
- You can sell your shares at a real-time price during stock exchange hours (8:00 to 16.30 UK time), Monday to Friday, excluding UK public holidays. You can set a minimum price limit for sales to proceed. There is no annual fee for maintaining this account.
Sale proceeds are typically credited to your Global Nominee Account within two business days after the sale date. You can also request to transfer the sale proceeds directly to your bank account in your local currency, although fees may apply. More information on fees, can be found in the Global Nominee Guide on the ESP Portal.
To cover any tax liability, the necessary number of shares will be sold. For more details, refer to the FAQs.
Video Guide
About this option
When reviewing this option, consider dealing fees, taxes, and foreign exchange (FX) rates. The sale proceeds are in GBP but will be paid to you in EUR or CHF through your salary, so you may receive less than expected due to currency conversion.
Check the Key Dates for the sale dates available. Please note, there is a delay between when you give your instruction to sell shares and when the shares are actually placed on the market.
The proceeds of any sale will be processed through payroll, who will deduct any taxes due. The payroll cut-off is the first day of the month; so proceeds from sales on 1 September will be included in your October salary. For more details, refer to the FAQs.
You can find full details of the sale costs in the terms and conditions (T&Cs) available online.
How to submit your instruction
You can submit your instruction on the Employee Share Plans ('ESP') Portal
Log in and click on the 'I want to' section and follow the instructions.
SUBMIT YOUR INSTRUCTIONOR
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.
Key dates for your calendar
Maturity date
1 September 2025
First Share Purchase and expected sale date
1 September 2025
Last date to make an instruction
28 February 2026
You should be aware of the possible tax consequences of exercising your option to buy the shares at the fixed discounted price.
If you are unsure of what action to take, you should seek independent financial advice.
Taxes will be paid through your payroll. Your country’s information on taxation is on the ESP portal. Taxes and social security will be deducted, as applicable to the payroll on which you’re paid at the time you exercise your 2022 SAYE.
Taxes are generally due on the profit or gain you make (i.e. the difference between the price when you sell your shares and the fixed discounted price you paid for them).
To cover estimated taxes, enough shares will be sold, and this will appear as a tax credit on your payslip. The amount of tax you actually pay depends on your personal circumstances. Details of country specific information is available in the FAQs and on the homepage of the ESP Portal. Please note participants will have a UK liability if they’re paid on the UK payroll at maturity.
This tax guidance is predicated on you being tax resident in the country in which you are based for your easyJet duties and that you remain working in that country throughout the 3 years period of your savings contract. If you are not tax resident in your country of employment, or if you change your base country during the 3 year savings period, your personal tax position may differ. You may become liable for income tax, social security or capital gains tax in that ‘other’ country on the value of any gain/profit arising at the end of your savings period or eventual sale of the shares. We recommend you seek independent personal tax advice in that ‘other’ country prior to entering into the savings contract, or prior to relocating if applicable, to ensure you are aware of any tax charges that could arise in any country when you exercise your option to buy your shares and/ or when you sell the shares.
Disclaimer
The maturity instruction placed is irrevocable which cannot be cancelled nor amended under any circumstance.
All instructions are dated and time recorded.
For deferred maturities where a maturity instruction is placed prior to the new maturity date and the choice elected is no longer offered at the point of maturity, the default choice to transfer to the Corporate Sponsored Nominee will apply.
Save As You Earn is back for 2025
Save As You Earn (SAYE) is open to all employees and is a simple and secure way to save a fixed amount each month for three years and use these savings to buy easyJet shares.
£4.29
FIXED DISCOUNTED PRICE
THE 2025 SAYE INVITATION CLOSED ON 9 JULY 2025
WEALTH at work webinar
Whether you're a first timer or have signed up to SAYE before, it's a great opportunity to understand the important stuff around:
- How it works
- How much to save
- What you can do with your savings at the end
The webinars will take place be on:
- Friday 20 June, 09:00-10:00 (UK)
- Wednesday 25 June, 09:00-10:00 (UK)
- Tuesday 1 July, 13:00-14:00 (UK)
In 2024
7,600colleagues joined Save As You Earn
closing date
It's a great way to save! HR colleague
I only put away a small amount every month, but it will be a nice pot at the end of the scheme
Engineering colleague
It’s a great way to invest in easyJet
I wish I'd have signed up sooner IT colleague
Watch this short video on the key benefits of SAYE
How it works — 3 easy steps
Choose
Choose how much you want to save, between £5 and £350 a month (or local currency equivalents).
Please note, if you participated in the 2023 or 2024 SAYE schemes, you can only save a maximum of £500 (or local currency equivalent) across all of the schemes.
Apply
Sign up by clicking on the Join Now button below.
If you haven't registered yet, click on Register. If you have registered, log-in.
Alternatively, you can sign-up on the EQ Share Plans app available to download from the App Store or Play Store.
Once you’ve signed up, savings will be deducted from your monthly pay for the next three years.
Decide
At the end of the three year savings period, you decide what to do with your savings.
- Buy easyJet shares at the fixed discounted price and sell them.
- Buy easyJet shares at the fixed discounted price and keep them as an investment.
- Take back your savings in cash.
Here's an example
If you save £20 a month for three years, and the share
price
...
Is above the fixed discounted price
Falls below the fixed discounted price
Is above the fixed discounted price
Use the calculator to see how many shares you could buy with your savings.
Falls below the fixed discounted price
Don't worry - You can take your £720, plus a tax-free bonus of £14 in cash.
The amount of interest/bonus for SAYE is set by the UK Government. For the 2025 plan, a tax-free bonus of 0.7 multiplied by your monthly contribution will be added to your savings. Please refer to the FAQs for more information.
If you save the local currency equivalent to £20 a month for three
years,
and
the share
price
...
Is above the fixed discounted price
Falls below the fixed discounted price
Is above the fixed discounted price
Use the calculator to see how many shares you could buy with your savings.
Falls below the fixed discounted price
Don't worry - You can take back you local currency equivalent to £720 back in full as cash.
To ensure all easyJet employees are granted the same number of options based on their monthly saving, a notional bonus of 0.7 your monthly contribution will be included when calculating the maximum number of options. Please note the notional bonus is not payable as cash. Please refer to the FAQs for more information.
Key dates for your calendar
9 July
Closing date for applications
16 July
easyJet grants the number of options you will be able to buy in 3 years time
28 July
Confirmation of the number or options granted to you issued
August
Payroll deductions start
| Term | Definition |
|---|---|
| Invitation Period | The time during the year when you are invited to apply to join SAYE |
| Fixed Discounted Price | The Fixed Discounted Price is the middle market price of easyJet plc shares the day prior to the invitation, which is then discounted by 20% |
| Option(s) | The number of shares you will be able to buy in three years time |
| Maturity | When the saving term is complete |
| Exercise | The process of buying the options as shares |
| Shares | The ownership of a company divided into equal portions. Each portion is called a share. The owners of a company are the shareholders or members |
| HMRC | HM Revenue & Customs (UK only) |
How to join
Sign-up for SAYE 2025 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.