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Sharepurchase shares are shares that have been bought for you each month on the stockmarket, using your monthly contribution. You must hold onto your Sharepurchase shares for 3 years if you want to keep your corresponding Sharematch shares. If you want to avoid paying income tax or National Insurance you must leave the shares in the plan for 5 years.
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For every 2 shares that you buy under the Sharepurchase plan, Diageo will award you with 1 Sharematch share. These shares are forfeited if you take your corresponding Sharepurchase shares out of the plan before they are 3 years old. You must hold your Sharematch shares for 5 years if you want to avoid paying income tax or National Insurance.
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Your contributions under Sharepurchase are taken from your salary before your tax is calculated, so you pay less tax. If you are a basic rate tax payer, every £1 that you contribute only costs you 80p. If you are a higher rate tax payer, every £1 that you contribute only costs you 60p, or 55p if you are an additional rate tax payer.
There is no commission charge when your shares are purchased.
For every two shares you purchase, Diageo awards you one share free under Sharematch.
Buying shares in this plan can mean that you may pay lower National Insurance contributions. Please note that tax rates may change in the future.
There is no Capital Gains Tax if you keep your Sharepurchase and Sharematch shares in the plan.
You can stop and start the Sharepurchase plan at any time. You can also change your contributions at any time.
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Joining is easy. Decide how much you wish to contribute each month, then complete and sign a Join form and return it as directed.
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You can join at anytime. If your Join form is received by 5th of the month, your payroll deduction will be taken from that month's salary. For example, if you send your form in to us by 5th July, your first monthly contribution will be taken from your July salary and your first purchase will be on 10th August (or next working day)
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You can currently contribute between a minimum of £10 and maximum of £125 per month. This is going to change and from July 2017 payroll deductions, the maximum limit you can choose to contribute will increase from £125 to £150. Whatever amount you choose, it must not be more than 10% of your monthly salary. The amount that you chose to contribute must be in whole pounds sterling.
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Your monthly contributions are used each month to buy shares and there is no set participation period. There may be circumstances where you move/transfer to another Diageo business which means you are no longer eligible to participate and deductions would stop automatically. hares already purchased will remain in the plan unless you give separate instruction to have them transferred or sold subject to the deduction of income tax and National Insurance.
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Your shares are bought on the stock market on a set day each month. The price you pay is the market price of the shares at that time. This price will change each month and there is no discount. Each month we will announce the share price that you have paid on this website. Remember you will pay no commission to purchase the shares.
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This will depend on the amount you contribute from your salary and the share price at the time of purchase. You can view your current holding including Sharepurchase and Sharematch shares by logging onto Employee Shareplan Information.
Don't forget, for every two shares you buy, the company will award you one free under Sharematch.
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Yes, by completing a Change form and returning it as directed. Instructions received by the 5th of the month your deduction will be taken from that month's salary.For example, if you send your form in to us by 5th July, your first contribution will be taken from your July salary and your first purchase will be on 10th August (or next working day).
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Yes, you can stop your monthly contributions at any time and re-start them later, you cannot make up any missed payments. You should complete a Suspend Sharepurchase form and return it as directed. Instructions received by the 5th of the month will take effect for that month's salary. If you wish to come out of the plan altogether you should complete a Stop Sharepurchase form and return it as directed.
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Your statutory benefits will only be affected if your earnings on which National Insurance contributions are due falls below the lower earnings limit (LEL). This will not affect the majority of employees. If your earnings are already below the LEL, then contributing to the Sharepurchase plan will not affect your benefits. For more specific information on LEL and what it means to you please contact your Payroll Department.
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Yes, by completing a Stop form and returning it as directed. Instructions will take effect in the calendar month following receipt of your instruction by the Shares Team.
If you stop your monthly contribution to Sharepurchase, no further shares will be purchased or matching shares allocated to you. Any remaining money that is being held on your behalf for the next monthly purchase will be returned to you as soon as possible via payroll, where any income tax or National Insurance contributions will be deducted.
