With the costs of bring up a child apparently growing year by year, saving a regular amount each month to build up a useful lump sum really does make sense for families today. The Shepherds Young Saver Plan allows you to do just that while benefiting from TAX-EXEMPTION on the growth and on the final lump sum paid out.
A flexible plan for parents and other family members too
It's not only mums and dads who can open a Young Saver Plan; grandparents, aunts and uncles can also take out a plan to save a regular amount that will grow and provide a lump sum when the child reaches the age of 18 or after 10 years if later. Think how useful that would be towards further education costs, a first car or a special gift. The Plan is highly flexible and lets you save from as little as £7.50 a month right up to £100 a month; you can even increase or reduce your premiums at any time to suit your cirumstances and there is the option to withdraw up to 25% of the value of the fund when the chiuld reaches the age of 11.
Valuable sickness benefits are also provided
An added feature of the Young Saver Plan is that it provides sickness benefits which mean you can claim up to £400 a week to help with your costs if your child is off school ill for over 4 weeks. Clearly regular savings for your child means you can look to giving them a head start in life; saving in a Shepherds Young Saver Plan means you can also look forward to a TAX-FREE lump sum at the end.