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Maturities and prices

Maturities & Prices

Maturities and Prices 2013 – 2025
Shareplan Year Reference Price € Subscription Price € Subscription FX Rate  Reference Price £  Subscription Price £  Date of Purchase Maturity Date Leverage Maturity Share Price € Maturity FX Rate Leverage Maturity Share Price £ 
2025
Classic		 39.57 31.66 0.8801 34.83 27.86 03-Dec-25 01-Jul-30 - - -
2025 Guarantee Plus 37.04 32.60 TBC (2030) TBC (2030) TBC (2030)
2024
Classic		 35.12 28.10 0.83425 29.30 23.44 05-Dec-24 01-Jul-29 - - -
2024 Guarantee Plus  32.87 27.42  TBC (2029)   TBC (2029)  TBC (2029) 
2023
Classic 		 28.41   22.73  0.8639  24.54 19.64 24-Nov-23 03-Jul-28 -  -   -  
2023 Guarantee Plus   26.25  22.68  TBC (2028)   TBC (2028)  TBC (2028) 
2022 Classic (Traditional)  23.93   19.15  0.8773  20.99 16.80
25-Nov-22 01-Jul-27 -  -   -  
2022 Guarantee Plus   22.16  19.44  TBC (2027)   TBC (2027)  TBC (2027) 
2021 Traditional  23.57   18.86  0.84878  20.01 16.01
26-Nov-21 01-Jul-26 -  -   -  
 2021 Leverage  21.98  18.66  TBC (2026)   TBC (2026)  TBC (2026) 
2020 Traditional  17.20  13.76 0.91608 15.76 12.61 27-Nov-20  01-Jul-25 -  -   -  
 2020 Leverage The Leverage Plan was not offered in 2020 N/A
 N/A  N/A
2019 Traditional  22.87   18.30  0.8798  20.12 16.10  29-Nov-19   01-Jul-24 -  -   -  
 2019 Leverage  21.73  19.12 67.46  0.841231503 56.75 
2018 Traditional   23.19  18.56  0.88045  20.42  16.34  30-Nov-18  01-Jul-23  -  -  -
2018 Leverage  21.83  19.22  41.42  0.846394888  35.06
 2017 Traditional   25.23  20.19  0.8971 22.63  18.11  01-Dec-17  01-Jul-22  -  -  -
2017 Leverage 22.96 20.60 22.96
 0.845701522
 19.42
2016 Traditional   19.40  15.53  0.9043  17.54  14.04  02-Dec-16  01-Jul-21  -  -  -
2016 Leverage  17.73  16.03  19.21 0.849284899  16.31
 2015 Traditional   22.17  17.74  0.7351  16.30  13.04  27-Nov-15  01-Jul-20  -  -  -
2015 Leverage  20.27  14.90  20.27  0.892258545 18.09
 2014 Traditional   18.43  14.75  0.7904  14.56  11.66  05-Dec-14  01-Jul-19  -  -  -
2014 Leverage  16.44  12.99 39.57  0.893761302  35.37
 2013 Traditional   17.97  14.38  0.854  15.34  12.28 06-Dec-13  02-Jul-18  -  -  -
2013 Leverage  15.64  13.35 24.51
 0.881506868 21.60
Shareplan 2021 Maturity Information

AXA Shareplan 2021 Maturity: Traditional Plan

The 2021 Traditional Plan will mature 01 July 2026 and you have the option to sell some or all of your investment on the maturity date or to leave it beyond 1st July 2026.

By default the units will remain invested beyond the maturity date so you only need to take any action if you want to sell at maturity.

Equiniti will process the sale and the maturity sale proceeds will be paid to your nominated bank account. Please note, this can take up to six weeks from the maturity date due to administration and fund/ exchange management processes.

Any sale of your investment is a potentially taxable event for Capital Gains Tax (CGT) purposes and you may need to report any gain to HMRC. For more information see the Tax Summary in the Shareplan 2025 Brochure and local Supplement

  • I want to keep my units invested after the maturity date:
    • Do not send a form - there’s no action for you to take.
      (You may sell the units at any time after the maturity date using the standard sale form found on the Redeeming My Units page of this site)

AXA Shareplan 2021 Maturity: Leverage Plan

The 2021 Leverage Plan will mature 01 July 2026.

You have the option to sell some or all of your investment on the maturity date or to transfer some or all of your investment to the Traditional/ Classic Offer (for more information on the Classic Offer see the Shareplan 2025 Brochure and local Supplement)

By default all the units will be sold at maturity so you only need to take any action if you want to transfer to the Traditional/ Classic Offer or you no longer work for AXA.

  • I still work for AXA and want to sell all of my 2021 Leverage Plan units on the maturity date:
    • Do not send a form - there’s no action for you to take.
      (Your units will be sold and the proceeds paid to your payroll for income tax and National Insurance to be deducted from any gains. Your original investment plus any net gains will be paid to you with your August 2026 pay.)
  • I want to transfer some or all of my Leverage Plan Units to the Traditional/ Classic Offer, or I no longer work for AXA: Your completed form must be received by Equiniti by midday on Wednesday 3 June 2026 in order for the sale to be processed in time.

If you no longer work for AXA and have requested a sale then Equiniti will process this and the maturity sale proceeds will be paid to your nominated bank account. Please note, this can take up to six weeks from the maturity date due to administration and fund/ exchange management processes.

AXA Shareplan 2021 Maturity: Leverage Gain & income tax and employee NICs payable values (estimated values as at April 2026)

Original Investment Amount £ Estimated Taxable Gain Estimated Tax & NICs at
 Basic Rate  Higher Rate  Additional Rate
£100 £375 £105 £158 £176
£250

£937

 £262 £394 £440
£500 £,1874 £525 £787 £881
£1,000 £3,748 £1,049 £1,574  £1,762
£2,500 £9,369 £2,623 £3,935 £4,403
£5,000 £18,739 £5,247  £7,870  £8,807


Important information for employees that have left AXA under a sale/TUPE transfer since making their original LEVERAGE investment.

AXA has completed a number of business sales, which for some would have resulted in a change of employing company, since the 2021 Shareplan scheme was launched.

Below is a table which outlines how your leverage returns will be processed and what information is required from you, which will differ based on your own personal circumstances.

TUPE transfer to Cognizant

Employment status Who will process the return of my investment How do I complete the form?
I am currently employed by Cognizant and will remain employed by them after 31 July 2026 Cognizant If you want to sell all of your investment you need do nothing. If you want to make a reinvestment, return the form and place a tick in the ‘I am a current employee’ box
I moved to Cognizant on 1 October 2022 but will have left on or before 31 July 2026 Cognizant Return your form with your investment choice, enter a tick in the ‘I will no longer be employed box’ and enter your bank details
Leverage/ Guarantee Plus Gain
Scheme Year Guarantee Plus Gain
2025 No. of units * 4 * Protected Average Increase in AXA Share price OR 3% guaranteed compound minimum Euro Return
2024 No. of units * 4 * Protected Average Increase in AXA Share price OR 5% guaranteed compound minimum Euro Return
2023 No. of units * 4 * Protected Average Increase in AXA Share price OR 5% guaranteed compound minimum Euro Return
2022 No. of units * 4 * Protected Average Increase in AXA Share price OR 3% guaranteed compound minimum Euro Return

Scheme Year Percentage of Leverage Gain Gain Calculation
2021 Up to 65% Variable coefficient applies No. of Units * 10 * 65% * [reference price/((50% * final price) + (50% * reference price))] * (final share price - reference price) 
2020 The Leverage Plan was not offered in 2020
2019 Up to 75% Variable coefficient applies   No. of Units * 10 * 75% * [reference price/((50% * final price) + (50% * reference price))] * (final share price - reference price) 
2018
Up to 75% Variable coefficient applies 
 No. of Units * 10 * 75% * [reference price/((50% * final price) + (50% * reference price))] * (final share price - reference price)
2017
Up to 75% Variable coefficient applies 
 No. of Units * 10 * 75% * [reference price/((50% * final price) + (50% * reference price))] * (final share price - reference price)
2016
Up to 75% Variable coefficient applies 
 No. of Units * 10 * 75% * [reference price/((50% * final price) + (50% * reference price))] * (final share price - reference price)
2015 Up to 75% Variable coefficient applies No. of Units * 10 * 75% * [reference price/((25% * final price) + (75% * reference price))] * (final share price - reference price)
2014 Up to 75% Variable coefficient applies No. of Units * 10 * 75% * [reference price/((25% * final price) + (75% * reference price))] * (final share price - reference price)
2013 75% No. of Units * 10 * 75% * (final share price - reference price)
Traditional Plan/ Classic Offer

Traditional Plan/ Classic Offer: Discount vs Subscription Price


Scheme Year AXA Closing Price Discount vs. Subscription Price Percentage of original £ Investment
2025 £33.40 £5.54 19.885%
2024 £27.89 £4.45 18.985%
2023 £24.67 £5.03 25.611%
2022 £23.56 £6.76 40.240%
2021 £20.56 £4.55 28.420%
2020 £17.66 £5.05 40.048%
 2019   £21.05   £4.95   30.745%
 2018   £19.10   £2.76    16.876% 
 2017   £22.19   £4.08    22.529% 
2016  £18.71
  £4.67
  33.296%
2015 £17.98 £4.94 37.88%
2014 £14.42 £2.76 23.67%
2013 £15.57 £3.29 26.79%
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