This year’s payout is the biggest yet for colleagues, with those saving £50 a month receiving more than £3,300, over £1,400 more than their original investment of £1,920.
Sarah Dickins, people operations and policy director at Asda, said: “This is the third consecutive year that our colleagues have enjoyed a record Sharesave payout. Our colleagues drive the long-term success of our business. With a 70% increase on the money they invested for this year’s payout, I’m delighted that so many of our colleagues are reaping the rewards of their hard work.”
The Sharesave plan, created in 1982, was designed to give Asda colleagues a stake in the company and the chance to share in the success of the business.
The Sharesave plan allows colleagues to save between £5 and £250 every month. At the end of the saving period, colleagues get a tax-free bonus and can choose to use the savings and bonus to buy Walmart shares at a 20% discount.
Source: Asda
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