Tax Exempt Savings Plan

Invest now for the future

Do you want to put something away for the future of a child or children that you care about?

 

Maybe you want to help them with university fees or fund a gap year.

 

It could help with getting them on the housing ladder.

 

Apply Now

  

A modest investment

Our children's Tax Exempt Savings Plans start from just £10 per month. An affordable amount every month can build into a really useful cash sum.

 

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 Plan.

Regular saving

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 they will find useful.

  

Guaranteed return

The Personal Illustration will show you the absolute minimum that 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 each year and is not guaranteed.

Life cover included – no medical underwriting

Our Tax Exempt 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.

 

Our Tax Exempt Savings Plans are not subject to medical underwriting.

  

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 that automatically pay out to the child when they reach 18 you decide when the child receives the money.

Tax Exempt

When the policy matures all the money the child receives 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. You may 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 children's 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. More...