Child Savings Plans
If you want to save regularly for a child then our range of regular savings plans, including Friendly Society Tax Exempt Savings Plans, commit you to putting a modest amount by regularly. Even better, you’re guaranteed a minimum amount when the policy matures (as long as you’ve kept up the contributions). All of our Child Savings Plans allow you to decide how long you want to save for - you pick the date you want it to mature.
As a friendly society we’re able to offer children’s Tax Exempt Savings plans that allow you to take advantage of an additional government tax free savings allowance. It’s the ideal way to save for the children you care most about - whether they’re children, grandkids or family friends - and we also include a guaranteed minimum return and life cover. You also decide what age you want the child to receive their pay out.
If you’re looking to save more than £25 a month for a child, then one of our Standard Savings Plans is ideal (you can’t contribute more than this into our Tax Exempt plans). They will still get a guaranteed minimum return when the plan matures, as well as life cover. Our Standard Savings Plans are the perfect way to build up a big lump sum that will give the kids a welcome helping hand when they’re starting out in adult life.
(without life cover)
You won’t find these kinds of plans anywhere else - only friendly societies are able to take advantage of the government tax break for people who want to invest up to £25 a month for the children who matter most in their lives. This version of our popular plan comes without life cover and is designed to give you more value for money and tax free savings.