NEXT

What you get

Shareholders get 25% off the price of most full-price NEXT merchandise in its retail stores.

What it takes

You need at least 100 shares on 2026-04-01.

A perk is a minor benefit of owning a share, not a reason to buy one. Share prices fall as well as rise, and dealing costs, spreads and tax can exceed a perk’s value. This page is not investment advice. Read about the risks.

Holding through a broker

Shares held in your own name or through a nominee qualify.

ISA holdings: Eligible.

The issuer does not give separate rules for SIPP holdings.

The issuer does not separately address overseas shareholders.

Other conditions

Qualifying share class

ordinary

Who else can use it

The recipient’s immediate family, as stated in the 2022 shareholder letter and the 2026 annual report

Limit

None

Limit applies to

Value of goods bought in one transaction

How to claim

1. 1. If the shares are registered in your nameNEXT posts the voucher to your registered address. It is issued in the first-named registered shareholder’s name.
2. 2. If you hold through a nominee or ISARequest the voucher through your account manager. Check whether your broker will arrange it: issuer eligibility does not establish that a particular broker provides this service.
3. 3. Take the voucher to the storePresent it at the start of your transaction, as instructed in NEXT’s shareholder letter. Check the conditions printed on your voucher before using it.

For nominee and ISA holdings, the account manager must email or write to NEXT’s Company Secretary’s Department confirming the number of shares held on the qualifying date.

Open the claim page 

Exclusions and limits

Excluded: Gift cards; Sale merchandise; Electrical goods; Non-NEXT branded goods; NEXT Online purchases, unless ordered through a retail store.

Usage limits: One shopping transaction.

The offer cannot be combined with other discounts.

Dates

The issuer publishes no minimum holding period or end date for the offer.

Qualifying ownership date

2026-04-01

Ownership date rule

1 April each year

Benefit issued

Posted during April

Use the benefit by

2026-10-31

Expiry rule

31 October of the year of issue

Practical notes

One shopping transaction

The current page refers to purchases made at any one time. NEXT’s 2022 letter explicitly says “in any one transaction”, supporting the single-transaction reading. This is dated supporting evidence, not a new set of voucher conditions.

Requesting a missing voucher

NEXT does not publish a request deadline on the discount page. The redemption expiry is not a deadline for asking your account manager to obtain the voucher.

History of the perk

NEXT’s own letters document the voucher by 2021. They do not establish when the scheme began.

1. 2022-04-14

   One transaction specified

   The shareholder letter specifies one transaction and asks holders to present the voucher at its start. It also allows immediate family to use it.

2. 2021-04-20

   The annual voucher is documented

   The letter offers 25% off to holders of at least 100 ordinary shares on 1 April, with expiry on 31 October. It allows the recipient or immediate family to use the voucher.