Child - Tax Exempt Savings Plans


There’s so much for our kids to look forward to – and so it’s also never too early to start saving for those big expenses, such as university, a gap year trip abroad, or even a first home of their own. Our Tax Exempt Savings Plan is unique to friendly societies like ours and allows you to take advantage of an extra government tax break by saving on a regular basis - helping you to build a really useful cash sum for your children.

Get into the saving habit


With our Healthy Investment Tax Exempt Savings Plan you’re committed to paying in the same amount every month - which means that you can build the child’s savings gradually over time. You can invest anything from £10 up to a maximum of £25 a month - if you want to invest more, then our Standard Savings Plan might be for you.

A guaranteed return


When you take out your policy we’ll tell you the absolute minimum the child will get when the plan matures (as long as you’ve kept up all of your contributions of course). This is called your sum assured. We also give regular bonuses every year and add them to the value of the policy. These can never be taken away - and the child may also get a final bonus at the end of the plan’s term. The level of bonus added each year is not guaranteed and can change.

A tax exempt pay out


A traditional way of saving - just like the saving schemes you remember as a child! The child’s money is invested in Healthy Investment's Ethical With-profits Fund, which is a mix of different assets which are actively managed to maximise the potential for growth whilst managing risk.
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This plan includes life cover, meaning that if the child dies before the plan ends then their estate will receive the guaranteed sum plus bonuses (if all contributions are up to date). You won’t have to answer any medical questions.

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Choose how long you want to save for - anything from 10 years to 25 years. It’s the perfect way to save for a special birthday or starting university.

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Put a modest amount away, every month for a child’s future. You’ll be growing their funds gradually, safe in the knowledge that they won’t be paying tax on the money the fund has made.

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A traditional way of saving - just like the saving schemes you remember as a child! The child’s money is invested in Healthy Investment's With-profits Fund, which is a mix of different assets which are actively managed to maximise the potential for growth whilst managing risk.

Important Points


Any UK resident can invest in a Healthy Investment Tax Exempt 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 for a child which includes life cover, has some risk but potentially higher returns and the proceeds of which are paid tax free.

Save from as little as £10 per month or a maximum of £25 per month (or £270 per year).

You can have their Tax Exempt Savings Plan mature on a specific date, or simply select a term between 10-25 years, providing it matures on or after their 16th birthday.

Depending on the term you choose you should see this as a medium or long term investment.

Important Documents


Testimonials

"It was very important to me, when deciding where to invest, that Healthy Investment are a mutual friendly society."
David from Ayr

"When I invested with Healthy Investment the service I received was excellent."
Marian from Derry

 

Standard Savings Plan

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Tax Exempt Savings Plan - Without Life Cover

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If there's anything
you don't understand,
we're here to help.
Call Jerrol on 0161 762 5790


Alternatively you can
send us a message
using our contact form.

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Opening a Healthy Investment Tax Exempt 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.

 

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