Standard Savings Plan for Children

Invest now for the future

Our Standard Savings Plans are great for members wanting to invest over the £25 per month Tax Exempt Savings Plan limit. Maybe you want to build a more significant cash sum to help give the children you care for the very best start in life.

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A modest investment

Our childrens plans start from just £5 per month. An affordable amount every month can build into a really useful cash sum.

 

A tax efficient qualifying policy

As an Inland Revenue approved qualifying policy the child will receive the proceeds of the policy at maturity free of income and capital gains tax, no matter what their tax status is when they receive the proceeds.

  

Regular saving

The Healthy Investment Standard Savings Plan commits you to investing the same amount every month. This means that over time the amount invested builds into a sum of money that they will find useful.

 

Guaranteed return

The personal illustration will show you the absolute minimum the child is guaranteed to receive when the plan matures, providing of course you have maintained your contributions.

 

Regular bonuses are declared every year and added to the value of the policy. Once a regular bonus has been added it can never be taken away.

 

A final terminal bonus may also be added to further increase the amount they receive. The level of bonus can change every year and is not guaranteed.

  

Life cover included

Our Standard Savings Plans include life cover which means that the child's estate will receive the guaranteed sum assured, plus bonuses, if they die during the term of the plan and all contributions are paid up to date.

 

Life cover may be subject to medical underwriting if total monthly contributions exceed £25 per month.

A term to suit

You choose, at the start of the plan, how long you want to save for. It can be anything from 10 years up to 25 years, you decide.

 

Unlike Child Trust Funds, which mature at age 18, you choose when the plan matures. You may choose a younger or older age depending on why you are saving.		  

A traditional investment for everyone

We know that endowment savings plans are really popular with lots of people. Many remember similar savings schemes from childhood and remember enjoying the benefits of the cash sum when the policy matured.

 

The money you invest is invested in Healthy Investment's With profits Fund. You can find more about our fund, its performance and asset allocation. More...