Our Junior Moneymaker Plan offers TAX-EXEMPT savings and a TAX-FREE lump sum when you save for your son, daughter, grandchild, niece or nephew
The plan is designed to make starting disciplined saving easy, so you can give a child a real head start in life. You can start saving from just £10 a month and the term is fixed from the start - to age 18 or a minimum of ten years (whichever is later) - to help you plan for their future.
Just look at what the Shepherds
Junior Moneymaker Plan has to offer:
Tax benefits
The Plan allows you to contribute up to £25 a month, or £270 a year, on a TAX-EXEMPT basis. Your savings will grow free of income and capital gains tax and the child's payout will be completely TAX-FREE.
Guaranteed minimum lump sum on maturity
From the start the child is guaranteed to receive a minimum lump sum at maturity. Each year the Plan will be eligible to receive a share of Shepherd’s Friendly profits as a bonus, which will be added to the lump sum. Once these bonuses are added they cannot be taken away and will increase the guaranteed lump sum to the child on maturity.
Life Cover included
In the unfortunate event of the child’s death the child’s estate will receive the Guaranteed Sum Assured plus all bonuses paid to date, including any final bonus payment.
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 your financial adviser or by contacting us directly.
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.