University Savings Plan | About Application

Before you begin...

Thank you for choosing Shepherds Friendly to save for the future of a child you love with our University Savings Plan. Before you start the application please read our Important Information document and the following documents below, and once done, press ‘get started’

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Key Features

I have read the key features

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How we manage your money

I have read how we manage your money

IMPORTANT THINGS TO CONSIDER

How the investment performs may vary during the term of the Plan. Because of this the child could receive a higher or lower sum than you expect at the end of the plan and may not get back as much as you have paid in.
The amount of bonus paid each year is related to the investment performance of Shepherds Friendly’s funds and the total amount of sickness benefit paid out to all customers who have this type of Plan. Therefore the bonus may fluctuate from year to year throughout the term of the Plan.
In poor investment conditions we may apply a Market Value Reduction (MVR). This could mean you get back less than you have paid in.
If the Plan is stopped and money is taken out at any time before the end of the Plan you will have to pay a surrender penalty.
The tax treatment of these Plans could change in the future.

In order to complete this application you will need the following:

If you are not the child’s parent or legal guardian, you will need some personal details for the child’s parent or legal guardian, including their name, date of birth and address
If you are not the child’s parent or legal guardian, then the parent or legal guardian will have to give consent online within the application process for you to open the plan
Details of whether the child has ever suffered an illness or disability that lasted for one month or longer and that medical or surgical treatment was required for
Identification for the child you are opening the plan for. This could be either a passport number, a birth certificate number, or an NHS medical number. If you do not have any of these, then just select ‘not supplied’.
The bank account number and sort code of the account you wish to make payments into the University Savings Plan from.

Cashback

In order to be eligible for your cashback you will need to complete the application online. Please remember that your cashback will be validated a minimum of 90 days from the date your first premium is received, and will become payable no earlier than 120 days from your application.

University Savings Plan Quote & Application