Child - Standard Savings Plans
A tax efficient way to save
Know exactly what they’re going to get
Become a regular saver
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 you’re paying in more than £25 a month into their plan then we may ask you to answer a few quick medical questions.
Choose how long you want to save for- unlike Child Trust Funds that mature when the child turns 18, with our Standard Savings Plan you can pick when you want them to receive the money, giving you more control over the date they receive their money and allowing you to financially plan for their future.
Remember the old savings accounts you had as a kid - and the feeling you had when you enjoyed the cash sum you received when the policy matured? Our Standard Savings Plan for children is the same kind of endowment savings plan you know and love.
Any UK resident can invest in a Healthy Investment Standard Savings Plan providing the plan matures before they are 65.
You might consider this plan if you already have savings in a bank or building society and you are now looking to put some money into an investment which includes life cover, has some risk but potentially higher returns and the proceeds of which are paid tax free.
You might consider this plan if you have already used the friendly society Tax Exempt Savings Plan limit of £25 per month and you want to invest more for the child in to a similar policy.
Save from as little as £10 per month or a maximum of £275 per month (If you are already using your £25 per month Tax Exempt allowance).
You 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 childs 16th birthday.
Depending on the term you choose you should see this as a medium or long term investment.
If there's anything
you don't understand,
we're here to help.
Call Jerrol on 0161 762 5790
Alternatively you cansend us a messageusing our contact form.
Opening a Healthy Investment Standard Savings Plan is really easy.
If you have any questions now or whilst you are applying just give us a ring or send us a message and we will help you.