Benefits

At Lloyds Banking Group we’re committed to making a significant investment in our colleagues.

As a Group, we see the positive differences our colleagues make every day. And if you choose a career with us, we’d be committed to making significant investment in you.

We’re dedicated to providing a compelling pay and benefits package which offers flexibility and choice that can help you make your reward package go further.

Our package enables you to choose the benefits that suit you and your individual needs and change them as your circumstances change too. As a major employer, we can access goods and services at highly competitive rates and, in some cases, offer tax and national insurance savings that can increase the value of what you receive.

Pay

We offer a competitive pay package, plus other pay benefits such as Flex cash – this is 4% of your basic salary and can be used to spend on the benefits of your choice.

Bonus

You may be eligible to participate in the Group Performance Share plan (Bonus) and to be considered for an annual performance-based award, depending on your role, business area and grade. Lloyds Banking Group plans are discretionary and non-contractual, and payment is dependent on Group, Business Area and individual performance.

A flexible way of working

Our flexible working approach means that you can balance your family life or other passions and goals with a fulfilling, successful career.

Whether you want flexibility over your location or when you log on, together we can create an approach that works for you and for the business.

Holidays

We offer a generous holiday allowance to enable you achieve a healthy work-life balance. You’ll be eligible for a minimum of 22 days holiday, rising to 30 days based on length of service and grade.

Bank holidays are in addition to this, and you’ll have the opportunity to buy or sell the equivalent of a week’s holiday through our ‘Flex’ scheme.

Family leave

Because we recognise the importance of Family Leave, we make it a day one entitlement.

You’ll be able to have up to 63 weeks of maternity or adoption leave. Statutory maternity or adoption pay is available for 39 weeks and 20 weeks will be enhanced to the equivalent of full pay.

Partners can have six weeks of fully paid paternity leave.

Shared parental leave is created when maternity or adoption leave is ended early. If you are an eligible partner you could receive up to 20 weeks of fully paid leave.

Customise your benefits package

We offer extensive benefit options so you can create a package that reflects your lifestyle and needs.

One of our offerings is called Flex, which you can use to buy benefits such as additional holiday through Holiday Trading, a bike through Cycle2Work and money towards courses through a Matched Learning Fund.

You’ll receive Flex cash, currently 4% of your pay, which you can use to help buy these benefits, or you can choose to take it as a cash top up in your monthly salary. 

Health insurance

Our company funded Private Medical Benefit provides all colleagues with access to good quality medical care, including accommodation, nursing care and specialist advice.

You can purchase Private Medical Benefit for your family at competitive prices, as part of Flex. Plus, choose critical illness cover and life insurance through Flex for additional peace of mind and protection.

Financial products and colleague offers

We’re passionate about doing the right thing for our customers and providing them with a range of financial products to support all aspects of their life.

When you join us you’ll be eligible to take advantage of these same great financial products, some at a discounted rate, including current accounts, home and car insurance and loans.

Colleague Offers enables you to get discounts on everything from electrical items to cinema tickets and weekly food shopping. You can share this benefit with up to ten family members or friends.

Share plans

Share plans align your reward package with the shareholder experience and with the longer-term performance of the Group.

You can choose to participate in Sharematch and receive matching shares of up to £45 a month from the company, and you can choose to participate in Sharesave, our combined savings and share option plan.

Pension

We offer a generous pension plan, with all joiners being automatically enrolled in our 'Your Tomorrow' scheme. You can decide how much you save and get a say in where your contributions are invested.

The more you save, the more we'll contribute to your plan, starting with 9% if you pay in 3% of your salary, going all the way up to 15% if you contribute 6% or more.

Find our more on our website