Our Bonus Plan is designed to help you save for the future with special tax advantages and guaranteed life cover too!
Saving with Shepherds' TAX-EXEMPT Bonus Plan means you choose how much you want to put away monthly or annually, and our Friendly Society status means special tax benefits that many other savings plans simply can't offer.
So you can look forward to a TAX-FREE lump sum to spend on children's education, home improvements or that holiday of a lifetime.
Just look at what the Shepherds Bonus Plan has to offer:
Low cost TAX-EXEMPT savings from just £10 a month
You can save monthly or annually in our Bonus Plan, up to either £25 a month or £270 a year, to enjoy TAX EXEMPT savings. If would prefer to pay higher monthly premiums then the additional premium will simply be apportioned into Shepherds Friendly's general Life Assurance Fund.
Long Term growth through bonuses
As a Shepherds member your Plan will benefit from the addition of bonuses each year based on the Society's profit performance. And as a mutual organisation our members are our primary concern and we have no shareholders to share your profits.
Enjoy a TAX-FREE lump sum
At the maturity of your Plan you will receive a lump sum which is completely TAX-FREE so you can the enjoy the full benefits of your savings.
Guaranteed life assurance for extra peace of mind
The Plan includes guaranteed life cover which is paid out on death irrespective of how your Plan has performed.
Saving with Shepherds Friendly offers you so much more
As Shepherds Friendly is a mutual organisation you can save with confidence knowing that our primary duty is to our members, not to any shareholders, and that our special tax status offers you distinct savings advantages.
Important things to consider
- You may get back less than you have paid in.
- Early encashment penalties, which would reduce the amount of the final payout.
- Bonus rates vary from year to year depending on the performance of our investments and in some years we may not pay out any at all.
All references to taxation are to UK taxation and are based on Shepherds Friendly Society's understanding of current legislation and H M Revenue and Customs practice which may change in the future. Investment growth is by means of bonuses, the amount of which cannot be guaranteed throughout the term of the contract. Please ensure that you read the full Terms and Conditions of this plan which are available from you financial adviser or by contacting us directly.