How Kingfisher helped employees understand their maturity savings options

Kingfisher plc is a FTSE 100 multinational retailer, known for offering a range of home improvement products to both consumers and trade professionals.

It 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. Through its partnership with WEALTH at work, a financial education programme was delivered to help employees with this, as well as providing them with access to a Workplace ISA.

The below comments are from a selection of employees who attended the financial education sessions:

“The content was easy to follow and understand.”

“Brilliant - so informative - loads I did not know about Capital Gains tax. 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.”

Yamina Viviers, Share Plan Administrator, Kingfisher, comments:

“Kingfisher recognised the importance of providing financial education to Sharesave participants as it is a powerful tool to enhance their financial wellbeing.

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, it was a real pleasure to work with them. 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. We would highly recommend the service, partnering with WEALTH at work was a great decision, we now have a more informed workforce and want to continue to build on that.”