How Kingfisher helped employees understand their maturity savings options
Multinational retailer Kingfisher plc wanted to ensure that all its Sharesave participants understood the choices available to them at maturity so that they were equipped to make informed decisions on what to do with their shares, including how to best mitigate their tax liability.
The FTSE 100 company, which offers a range of home improvement products to consumers and trade professionals, in partnership with WEALTH at work, delivered a financial education programme and access to a workplace ISA.
Employees who attended the financial education sessions said:
- “The content was easy to follow and understand.”
- “Brilliant - so informative - loads I did not know about Capital Gains Tax (CGT). I feel much more knowledgeable about the options now.”
- “I will take specific financial actions as a result of attending today.”
- “I’ve been doing Sharesave’s for over 20 years and I have to say this session was very useful.”
“Kingfisher recognised the importance of providing financial education to Sharesave participants as it is a powerful tool to enhance their financial wellbeing,” said Yamina Viviers, Kingfisher’s share plan administrator.
“Knowing that WEALTH at work was a leader in the financial education field, we decided to reach out when a portion of our participants were looking to make a gain exceeding the CGT allowance on their maturing Sharesave.
“We found WEALTH at work was highly engaged in ensuring that our communications around maturity aligned seamlessly with the support they were providing,” added Viviers.
“Following the sessions, employees felt more confident about managing their Sharesave options and how to utilise the Workplace ISA on offer. Their financial knowledge in the area improved and overall, they were very satisfied with the sessions."
Supplied by REBA Associate Member, WEALTH at work
WEALTH at work is a leading financial wellbeing and retirement specialist - helping those in the workplace to improve their financial future.
