Redeeming my units
All redemptions of units are dealt with by Equiniti, who will inform AXA Epargne Enterprise of your redemption request. The redemption process is outlined below.
If your units have already matured and are held in either the AXA Direct Global Fund or the Actionnariat Fund you can redeem your units at any time. This can be done by completing the Redemption Request form and sending it to Equiniti at the address shown on the form and in the ‘How do I?’ section of this website.
The AXA Group Compliance and Ethics Guide includes an 'Insider Trading Policy' which prohibits certain persons who have regular access to material non-public information about AXA (“Access Person”) from trading on AXA securities during the 30-day period before its annual and half year earnings releases and during the 15-day period before its quarterly financial information releases. If you are an Access Person, as defined under such Insider Trading Policy, you are reminded that you are not allowed to trade AXA securities (including the sale of Shareplan units within the FCPE in which AXA shares are held) during the "blackout period" from (and including) April 17, 2024 to (and including) May 2, 2024. Should you have any questions regarding this, please contact Equiniti.
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Action
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Traditional Plan/ Classic Offer
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Leverage Plan/ Guarantee Plus Offer
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Redemption Request sent to Equiniti
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Daily
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Daily
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Date of redemption and valuation
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Redeemed daily, valued using the current AXA Share Price (within 1%)
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Redeemed and valued twice a month, 15th & 30th/31st
For requests submitted before 15th of the month the redemption will take place at the end of the month.
For requests submitted after 15th of the month the redemption will take place on 15th of the following month
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Redemption process
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Redemption takes place, money transferred to the UK and paid direct to the participant by Equiniti.
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Redemption takes place, money transferred to the UK.
For redemptions on an early release your personal Euro investment (following conversion to Sterling using the commercial exchange rate at the date of repatriation to the UK) will be paid directly to you by Equiniti and any gain made will be paid to you via payroll, with income tax and NICs deducted by your employing company and paid to HMRC through PAYE.
For redemptions at the end of the holding period, your personal Euro investment (following conversion to Sterling) will also be returned to you via payroll along with any gain. Your personal Euro investment is not subject to income tax and NICs.
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Funds returned to employee
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Up to 6 weeks from the date of redemption request
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For redemptions on an early release your personal Euro investment (following conversion to Sterling) – up to 6 weeks from the date of the redemption request. Any gain on redemption of your units - up to 10 weeks from the date of redemption request.
For redemptions at the end of the holding period, your personal Euro investment and any gain will be returned to you in the August following maturity.
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Income tax/NICs Implications
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None at point of redemption, although Capital Gains Tax may need to be declared depending on personal circumstances
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Any gain made will be paid to you via payroll, with income tax and NICs deducted by your employing company and paid to HMRC through PAYE.
This applies to current and former employees.
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If your units are is still within the five year holding period you can redeem your investment early if certain events occur. This is referred to as early release. An early release request can only be requested after the event. In some cases time limits apply.
If a partial early release request is requested for one of the reasons below, further releases using the same reason from any Fund or another year's units will be rejected. One exit reason per early release is allowed. You may, however, be able to make an early release request for another reason.
There are no penalties for withdrawing from Shareplan early. For tax implications, please refer to the tax section of the relevant brochure on the Previous Offers page.
IMPORTANT - If a partial early release is requested for one of the reasons below, further releases using the same reason from any Fund or another year's units will be rejected. One redemption per early release reason is allowed. You may however, be able to make an early release request reason using one of the other reasons listed below.
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Early Release Reason
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Timescale
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Documents Required
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Marriage or civil partnership agreement.
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Up to 6 months after the event
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Copy of certificate
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Birth or adoption of a third child or further children.
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Up to 6 months after the event
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Provide copies of all birth/adoption certificates
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Divorce or other judicial recognition of separation or termination of a civil agreement, if custody of at least one child is retained.
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Up to 6 months after the event
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Provide legal documentation awarding custody
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Creation or purchase of a business or acquisition of a stake in a SCOP cooperative enterprise by the employee, his/her children, spouse or civil union partner, provided that they have management control.
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Up to 6 months after the event
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Copy of legal documentation evidencing event
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The use of savings for the acquisition, construction, extension with creation of new living space, of a primary residence, or repair of damage to same following the occurrence of a natural disaster defined as such by local authorities. *
* The redemption value must not exceed the value of the invoice for the work being carried out or the purchase price of the primary residence, if being bought.
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Up to 6 months after the event
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Completion statement with financing agreed and signed by solicitor
For extension, a copy of the builders invoice
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Disability with permanent or temporary impossibility to carry out a professional activity of the employee, his or her children, spouse, or civil union partner.
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Any time after the event
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Medical certificate
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Death of the employee, his or her spouse, or civil union partner.
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Any time after the event
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Death certificate/probate
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Termination of the employment contract.
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Any time after the event
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This will be verified by your old payroll
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Over indebtedness of the employee as recognized by the relevant local authority.
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Any time after the event
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Legal documentation to evidence indebtedness, in the form of: (i) an IVA; (ii) a bankruptcy order; or (iii) a debt relief order.
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Domestic violence committed against the employee by his or her spouse, cohabitant or partner, or by his or her former spouse, cohabitant or partner, when a police report or a court order is issued confirming the existence of such domestic violence.
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Any time after the event
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A police report or court order confirming the violence has taken place
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