Child - Standard Savings Plans
If your clients want to save more than the £25 per month Tax Exempt Savings Plan limit for a child then one of our Standard Savings Plans could be ideal. They can start with an investment of just £10 per month.
A tax efficient way to save
With a Healthy Investment Standard Savings Plan, any proceeds the child gets on maturity are paid to them free of income tax and capital gains tax, no matter what their tax status is when they receive the proceeds. For many financial advisers this is a good way of minimising your client's tax liabilities.
Know exactly what they’re going to get
At the start of the plan we will agree a sum assured which is the absolute minimum that the child is guaranteed to get when the plan matures (as long as they’ve maintained their contributions of course).
Become a regular saver
It can be tough to get into the habit of saving, but the Healthy Investment Standard Savings Plan commits your client to putting away the same amount every month for the child - a great way to build their fund gradually.
Any UK resident can invest in a Healthy Investment Standard Savings Plan providing the plan matures before they are 65.
They might consider this plan if the child already has savings in a bank or building society and are now looking to put some money in to an investment which includes life cover, has some risk but potentially higher returns and the proceeds of which are paid tax free.
They might consider this plan if they have already used the friendly society Tax Exempt Savings Plan limit of £25 per month and want to invest more for them in to a similar policy.
Save from as little as £10 per month or a maximum of £275 per month (If your client is already using their £25 per month Tax Exempt allowance).
They can have their Standard Savings Plan mature on a specific date, or simply select a term between 10-25 years, providing it matures on or after the child’s 16th birthday.
Depending on the term chosen they should see this as a medium or long term investment.
If there's anything
you don't understand,
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Call Jerrol on 0161 762 5790
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Working in partnership
Recommending and submitting business to Healthy Investment is easy. There are a number of options and all of our products can facilitate the payment of your fees.
All of the financial advisers we work with have their own dedicated Healthy Investment Business Development Executive.