TL;DR
Nationwide's Fairer Share Payment of £100 is paid each summer to members who hold a qualifying current account plus either a qualifying mortgage or savings balance. The exact eligibility cut-off date is set by Nationwide and announced ahead of the payment.
Nationwide Building Society has confirmed its annual Fairer Share Payment of £100 will land in eligible members' accounts in summer 2026. The payment is the building society's way of returning a share of profits to members, with eligibility based on current account, mortgage or savings holdings on a specific qualifying date.
How the Fairer Share Payment is structured
Each year the Nationwide board reviews the building society's annual results and decides whether to declare a Fairer Share Payment and at what level. The 2023 launch payment was £100 a member, and subsequent rounds have followed the same per-member structure.
The payment is delivered through the member's qualifying current account. The amount lands as a credit rather than as a deposit into a separate savings or reward account.
Who qualifies
Eligibility requires holding a qualifying current account, such as the FlexAccount, FlexDirect, FlexPlus or FlexBasic, on the cut-off date. The account must show activity such as deposits or two or more transactions in the qualifying months before the cut-off.
Members also need to hold either a qualifying mortgage with at least £100 owing on the cut-off date or a qualifying savings balance of £100 or more on the cut-off date. Nationwide confirms the precise cut-off date in advance of the payment window.
When the payment arrives
Payments are made in June and July in most years, with members receiving an in-app or letter notification when the credit posts. The Fairer Share Payment shows up as a clear transaction line in the account history.
Members who closed their account before the payment date but met all eligibility criteria on the qualifying date can contact Nationwide to request the payment. The building society confirms the process through its dedicated Fairer Share page.
Tax and benefits considerations
The Fairer Share Payment is treated as interest for tax purposes and falls within the Personal Savings Allowance for most members. Basic-rate taxpayers receive up to £1,000 a year of savings interest tax-free, and higher-rate taxpayers up to £500.
Nationwide reports the interest to HMRC where required. Members on low incomes who rely on Pension Credit or Universal Credit should consider how a one-off £100 credit interacts with their savings limit. Universal Credit fully ignores savings under £6,000.
What to check before the cut-off
Members should make sure their current account remains active in the months before the announced cut-off. Setting up a small Direct Debit or completing two payments a month is usually enough to count as activity.
Anyone unsure whether their account qualifies can use the Nationwide app's Fairer Share section to see eligibility status. The Fairer Share page on nationwide.co.uk also outlines the rules and the timeline.
Key facts
- Standard payment level is £100 per qualifying member.
- Qualifying current accounts include FlexAccount, FlexDirect, FlexPlus and FlexBasic.
- Members need a qualifying mortgage or £100 savings balance.
- Payments typically land in June or July.
- Interest reported to HMRC and covered by the Personal Savings Allowance.
FAQ
How much is the Nationwide Fairer Share Payment?
The payment is £100 per qualifying member in each round. Nationwide announces the rate each year alongside its annual results.
Who qualifies for the payment?
Members holding a qualifying current account on the cut-off date plus either a qualifying mortgage with £100 or more owing, or a qualifying savings balance of £100 or more. The cut-off date is set by Nationwide.
When does the money arrive?
Payments land in members' current accounts in June or July of the year of the announcement. Notification is sent through the Nationwide app or by letter.
Is the payment taxable?
It is treated as interest for tax purposes. Most members are covered by the Personal Savings Allowance, which is £1,000 a year of savings interest tax-free for basic-rate taxpayers and £500 for higher-rate taxpayers.
