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16-10-19, 01:40AM

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Author Topic: 5yr SAYE all paid up now?  (Read 3110 times)

jassy1

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5yr SAYE all paid up now?
« on: 20-09-19, 04:23PM »
Hi - my payslip was a bit healthier today, can anyone else confirm that they have not had their 5yr SAYE (maturing March 2020) payment taken off today's payslip? I just want to make sure it's not a mistake and other people are seeing the same?

(5x12 payments = 60x payments taken by Tesco 4-weekly instead of monthly, therefore finishing 1 month earlier for each year of saving)

Thanks in advance!

anais

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Re: 5yr SAYE all paid up now?
« Reply #1 on: 20-09-19, 05:48PM »
Yes it has now finished as it was not taken out my wages this month 😄

takethemoneyandrun

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Re: 5yr SAYE all paid up now?
« Reply #2 on: 20-09-19, 06:15PM »
Mine too..😊😊😊 what i want to know is why cant we buy and sell the shares now??? Why does my money have to stay in Tescos bank till Feb..

lackofinterest

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Re: 5yr SAYE all paid up now?
« Reply #3 on: 20-09-19, 06:32PM »
they want extra interest on YOUR savings!!! :-X

Charlie Harper

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Re: 5yr SAYE all paid up now?
« Reply #4 on: 20-09-19, 06:34PM »
Same, 60 payments have been taken, so nothing taken today...just gotta play the waiting game now.

just curious

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Re: 5yr SAYE all paid up now?
« Reply #5 on: 20-09-19, 07:42PM »
What was the bonus incentive on the five year scheme , was it so many months of extra payments added for account if you continued to save for the full five years ?

grim up north

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Re: 5yr SAYE all paid up now?
« Reply #6 on: 20-09-19, 08:18PM »
I thought they'd stopped doing bonus incentives?

kaled78

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Re: 5yr SAYE all paid up now?
« Reply #7 on: 21-09-19, 08:33AM »
It will be a nightmare if Tesco shares get hit by brexit on Oct 31st, we could loose thousands.

just curious

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Re: 5yr SAYE all paid up now?
« Reply #8 on: 21-09-19, 03:17PM »
Grim up north     Wasn't sure if bonus was still applicable or wether the incentive had been stopped - another perk gone

Kaled78             You possibly won't loose half as much if anything with the shares being hit by Brexit as you did with the accounting scandal caused by the directors in the company which still haven't recovered fully with some investors still having no faith in the company .

grim up north

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Re: 5yr SAYE all paid up now?
« Reply #9 on: 21-09-19, 06:02PM »
It will be a nightmare if Tesco shares get hit by brexit on Oct 31st, we could loose thousands.

As it's SAYE, you don't really 'lose' anything

Confused.com

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Re: 5yr SAYE all paid up now?
« Reply #10 on: 22-09-19, 01:42PM »
Does anyone know what happens with this if u are made redundant end of this month.?

Charlie Harper

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Re: 5yr SAYE all paid up now?
« Reply #11 on: 22-09-19, 02:18PM »
I believe...but don't quote me on this, that you still get the option to buy/sell the shares. The same as you would if you stayed with the company thoughout the whole term.

Pollypest

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Re: 5yr SAYE all paid up now?
« Reply #12 on: 22-09-19, 02:52PM »
You get the option to buy the shares at the option price, this applies to all saye that you have.

BakerBum

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Re: 5yr SAYE all paid up now?
« Reply #13 on: 24-09-19, 12:27PM »
It will be a nightmare if Tesco shares get hit by brexit on Oct 31st, we could loose thousands.

As it's SAYE, you don't really 'lose' anything

i think he meant.. if the price tumbles from today's price we lose 60%ish potential gain, after all these years in the plan it would be a kick in the face for brexit to screw the price months before they can be sold

barafear

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Re: 5yr SAYE all paid up now?
« Reply #14 on: 25-09-19, 05:28PM »
I haven't done the SAYE scheme before (I'm currently part way through one) - and I did not know that this anomaly happened - that is, you've paid up your 60 monthly payments, but you have to wait several months to exercise the option to buy the shares!

Why can Tesco not adjust this so that they only take 12 payments a year, and maybe just skip taking it in period 13 of each year?

Would seem fairer