Will your child savings plan give your child a real boost?

Our child savings plans are tax-efficient and offer a range of advantages that you may not get with a bank

Starting a savings plan for a special child in your life is certainly a great way to make sure they have a useful cash lump sum for when they start their adult life. However, it’s worth considering whether the savings route you’ve chosen is making the most of the money you’re putting away for their future.

One option well worth considering is to open a friendly society child savings plan to take advantage of the unique tax-friendly benefits they offer to help make your savings grow faster.

Friendly societies, also knows as mutual, are owned by their members and do not have shareholders to please or answer to, so the interests of their members come first every time.

Your capital is at risk and you may get back less than your total investment.

Here are just a few reasons why a friendly society child savings plan can help you make more of your investment

Child Savings Boost
Tax-exemption

Tax-exemption

Tax-exemption


on both the growth of the savings plan and on the final lump sum; so a useful addition to any tax-efficient ISA’s you may hold.

Tax-exemption

Flexibility

Flexibility


to accept lump sums and monthly investments which you can vary to suit your changing circumstances. Plans can also receive investments from parents, grandparents, aunts, uncles and family friends too.

Tax-exemption

Extra benefits

Extra benefits


such as sickness benefits and the opportunity to withdraw cash early when required mean these plans are designed with your child’s needs in mind.

How to start saving for your child

Our child savings plans include:

Junior ISA

Junior ISA

Junior ISA


Our Junior ISA offers you tax-efficient saving for your children from £10 per month. Available to any child in the UK aged under 18 who does not already have a Child Trust Fund.

Young Saver Plan

Young Saver
Plan

Young Saver Plan


Available to parents, grandparents and other family members, our Young Saver Plan offers tax-efficient saving from just £7.50 a month.

University Savings Plan

University
Savings Plan

University Savings Plan


A chance for parents, grandparents and other family members to open a savings account for a child you love, with covering the costs of higher education in mind.

Take a look at our
Child Savings video today!

You can see for yourself how our tax-efficient child savings plans can make your money grow faster and help you build a valuable cash lump sum to give that special child in your life a real head start!