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.

bonuses
We’ll give the child regular bonuses every year and add them to the value of their policy. Remember once a regular bonus has been added it can never be taken away - and also that the level of the bonus isn’t guaranteed and can change every year. They may also receive a final terminal bonus when the policy matures.
guaranteed sum
Life cover means that the child’s estate will get the guaranteed sum assured on their death, plus any bonuses that have been added, if they die during the term of the plan and all contributions are paid up to date. If they’re paying in more than £25 a month into their plan then we may ask the parent to answer a few quick medical questions.
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Your client can choose how long they want to save for - unlike Child Trust Funds and Junior ISAs that mature when the child turns 18, with our Standard Savings Plan they can pick when they want the child to receive the money.
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We always take a flexible approach to helping you collect your fees and charges: as a qualifying life policy, fees can’t be withdrawn from this investment, however we can collect additional payments by Direct Debit, either initially or for a fixed term.

Important Points


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.

Important Documents


 

Tax Exempt Savings Plan

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Tax Exempt Savings Plan - Without Life Cover

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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.