How to share PS Plus across all accounts (PS4/PS5)

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INSTRUCTIONS MENTIONED IN VIDEO:-
Follow the steps below if for some reason the steps in the video are not clear.

How to set up Family Sharing on PlayStation 4
On your PS4, sign in with the account with the PlayStation Plus subscription.
Open your settings.
Go to the PSN menu.
Select Activate as primary PS4.

How to set up Family Sharing on PS5
A lot of this involves knowing how to manage multiple accounts on PS5. PlayStation Plus sharing is enabled by default on PS5, but if you want to change these settings, here are the steps to follow.

Go to settings.
Select Users & Accounts.
Select Other.
Select Console Sharing and Offline Play.
Select Do not disable.

What PlayStation Plus benefits can you share?
Please note that not all benefits can be used by accounts that do not have their own PlayStation Plus subscription. We will analyze them for you.

Here's what you can share

Play online multiplayer
Play downloaded games, including those purchased with a PS Plus discount
Download and play monthly PS Plus games included in the subscription
Here are the things family members will miss

Buy games at the reduced PS Plus rate
Cloud storage for game saves
Automatic patch downloads
Exclusive early access game trials only on PS Plus
Whether your secondary accounts need their own PS Plus subscriptions depends on you and your particular needs. If all you want is to play online and play every game on that console, you're probably okay with just one subscription. However, those with more sophisticated needs may consider paying for multiple subscriptions.

It's also worth keeping in mind that PlayStation Plus will be reworked later in 2022, with the service revamped to feature three distinct tiers. The first tier remains essentially the same, while the second and third tiers incorporate parts of PlayStation Now, as well as other features such as play trials.

We'll have to wait and see which of these features are available when sharing PlayStation Plus with your family.