Regular Savings Plans for Children
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Tax Exempt Savings PlanTake advantage of this additional government tax free savings allowance that is available to all adults and children.
Save for your children, grandchildren or family friends.
Tax Exempt Savings Plans are unique to Friendly Societies. They include a guaranteed minimum return and life cover.
Unlike Child Trust Funds that automatically pay out to the child when they turn 18, you, the investor choose when you take out the plan and at what age you want the plan to mature.
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Standard Savings PlanBecause of the unique tax advantages of Friendly Society Tax Exempt Savings Plans the government limits the amount you can save to £25 per month.
If you want to invest more than this then you can take out one of our Standard Savings Plans for children.
There is still a guaranteed minimum return and life cover, as well as the opportunity to build an even bigger cash lump sum to help give the child that you know the very best start in life.
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Junior Savings PlanHealthy Investment's Junior Savings Plan is very similar to our Tax Exempt and Standard Savings Plans.
The investment grows through the regular bonus that we add and there is a guaranteed minimum return provided all of the premiums are paid.
The first £25 per month that you invest is Tax Exempt.
However the Junior Savings Plan doesn’t include the life assurance that comes with our traditional endowment savings plans.
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Junior ISAsChildren who have missed out on Child Trust Funds can now take advantage of the new Junior ISA. Find out more about them and how to invest for a tax free cash sum for your child.
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