Asda staff share record £61.7m as Sharesave scheme pays out

The scheme allows workers to put between £50 and £250 of their monthly salary aside for three years.

At the end of the three years staff can buy shares of Asda parent Walmart at a discounted 20% price on the market value in 2010. They also get a tax-free bonus.

Staff are then able to sell the shares at today’s market rate, offering the opportunity to cash-in on a profitable return.

Asda executive people director Hayley Tatum said: “This record bonus pot reflects the success we’ve seen this year, all of which is down to the hard work and commitment of our colleagues across the business.

“Giving our colleagues the chance to save each month, risk free is just one of our ways of saying thank you and a great way to ensure that they reap the rewards of their exceptional efforts.”

Asda staff have shared over £650m through the scheme since Sharesave’s launch in 1982.