Tax Exempt Savings Plan

Invest now for the future

Do you want to put something away for the future? Maybe you want to save for something special, like the holiday of a lifetime or a special anniversary.

 

You could save to provide a helping hand to your children or grandchildren.

 

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A modest investment

You can invest in a Healthy Investment Tax Exempt Savings Plan from just £10 per month. An affordable amount every month can build into a really useful cash sum for you or your children.

 

Because of the special tax advantages of these plans the maximum you can save in a Friendly Society Tax Exempt Savings Plan is £25 per month. You can save more than this into our Standard Savings Plans.

Regular savings

The Healthy Investment Tax Exempt 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 you will find useful.

 

Guaranteed return

The Personal Illustration will show you the absolute minimum you are guaranteed to receive when the plan matures, providing of course you have maintained all of 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 you receive.

 

The level of bonus added each year is not guaranteed and can change.

 

Life cover included – no medical underwriting

Our Tax Exempt Savings Plan includes life cover, which means that your estate will receive the guaranteed sum assured, plus bonuses, if you die during the term of the plan and all contributions are paid up to date.

 

Our Tax Exempt Savings Plans are not subject to medical underwriting – there are no medical questions to answer.

 

 

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.

 

You could plan for it to mature to coincide with a special birthday or anniversary. Maybe you’re planning a special trip or simply want to help your children or grandchildren get a good start in life.

Tax Exempt

When the policy matures all the money you receive will be free of tax. The fund that the money is invested in is also free of UK income and capital gains tax. Investing in a Healthy Investment Tax Exempt Savings Plan helps to minimise the amount of tax you might have to pay.

 

This extra tax free allowance is in addition to your ISA allowances and is available to every member of the family.

 

A traditional investment for everyone

We know that Tax Exempt Savings Plans are really popular with lots of people. Maybe you remember similar savings schemes from childhood and remember enjoying the benefits of the cash sum when the policy matured.

 

Whether you are looking for that extra bit of tax free savings allowance or simply want to invest a modest amount every month for your future, a Healthy Investment Tax Exempt Savings Plan might be suitable for you.

 

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