NEXT sells clothing, beauty and home products in NEXT shops and online, under its own label and other brands. It also runs separate chains, including Reiss, FatFace and Joules.
The 2026 qualifying date has passedYou needed to hold qualifying shares on 1 April 2026. Qualifying shareholders’ benefits are valid until 31 October 2026.
What you get
Shareholders get 25% off most full-price NEXT goods in its retail stores.
What it takes
You needed at least 100 ordinary shares on 1 April 2026.
Before buyingA 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. Read about the risks.
Holding through a broker
Shares held in your own name or through a nominee qualify.
ISA holdings: Eligible.
NEXT does not say whether SIPP holdings qualify, or whether overseas shareholders can claim.
Choose a broker to see its guidance. The company’s eligibility rules still apply.
Hargreaves Lansdown Documented route
HL’s perks page says qualifying holders receive the voucher automatically in May, so its clients should not need to request it. NEXT’s own page says it posts vouchers in April; HL gives May for its clients. HL’s page is dated April 2025. Confirm the service with HL if your voucher is missing. We have not tested this route.
Broker source , checked
interactive investor Documented route
ii’s perks page says clients should request the benefit from ii, and that ii posts the voucher. The entry is dated January 2024. Confirm the service with ii before relying on it. We have not tested this route.
Broker source , checked
Other conditions
- Who else can use it
- Your immediate family, according to the 2022 shareholder letter and 2026 annual report
- Limit
- None on the value of goods bought in one transaction
How to claim
If you hold through a nominee or ISA, your account manager must email or write to NEXT’s Company Secretary’s Department confirming how many shares you held on the qualifying date.
- 1. If the shares are registered in your nameNEXT posts the voucher to your registered address, made out to the first-named registered shareholder.
- 2. If you hold through a nominee or ISACheck your broker’s instructions above if it is listed. Otherwise, ask your account manager whether it will request the voucher from NEXT. The account manager must confirm how many shares you held on 1 April. NEXT permits this route, but each broker decides whether it provides the service.
- 3. Use it in storeHand it over at the start of your transaction, as NEXT’s shareholder letter asks. Read the conditions printed on the voucher first.
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 published terms do not say how long you must hold the shares or whether the scheme has an end date.
- Qualifying ownership date
1 April each year- Benefit issued
- Posted in April
- Use the benefit by
31 October of the year of issue
Practical notes
One shopping transaction
NEXT’s current page refers to purchases made at any one time. Its 2022 letter said “in any one transaction”, supporting a single-transaction limit. The letter describes the 2022 offer, not the current voucher conditions.
Requesting a missing voucher
NEXT’s discount page gives no deadline for requesting a voucher. The expiry date is for using it, not for asking your account manager to get one.
History of the perk
NEXT’s shareholder letters show the voucher in place by 2021. They do not say when it began.
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One transaction per voucher
The letter limits the voucher to one transaction and asks holders to present it at the start. Immediate family may use it.
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25% off for 100 ordinary shares
The letter offers 25% off to anyone holding at least 100 ordinary shares on 1 April. The voucher expires on 31 October, and the recipient or their immediate family may use it.