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. Tax Exempt Savings Plans are 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 save and invest the same amount every month. Regular Saving is the best way to 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 savings are 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. You also get to decide the age you prefer for your child to receive their pay out, giving you more control and allowing you to plan for their future.
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.
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.
Put a modest amount away every month to save for your children'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.
A traditional way of saving - like the saving schemes you remember as a child! The money is invested in Healthy Investment's With-profits Fund- a mix of assets actively managed to maximise the potential for growth whilst managing risk.
Khadija was wonderfully supportive and informative with regard to our questions about our Healthy Investment Ethical ISAs and replied very quickly to our emails. We are very pleased to have the opportunity to invest with an excellent Friendly Society with such a long and successful history and virtuous… Read more “Khadija was wonderfully supportive and”
It has been very reassuring dealing with the same team members at Healthy Investment for the past 4 or 5 years. The phone always gets answered when you call and emails are always replied to. Everyone we have dealt with has been very prompt and clear in communication, friendly and professional. It makes a huge change from the majority of… Read more “It has been very reassuring”
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.
"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
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