Young Saver Plan


Start saving for a child you love, from just £7.50 a month

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Save tax efficiently for a child you love and care for.

We know that it’s not only parents that want to help to save towards the future of a child they care about, which is why our Young Saver Plan is available to anyone, whether you are a parent, grandparent, other family member or friend.

Our tax efficient Young Saver Plan is exclusive to Shepherds Friendly, and with monthly payments starting from just £7.50, it is a great way to start saving towards the future of a child you love. Whether this is with university tuition in mind, or to help with the costs of buying a first car or home, saving regularly for a child will help to build a nest egg for when they need it most.

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Below are some of the benefits our plan offers:


Start saving from only £7.50 a month

You can open the plan with a monthly commitment of just £7.50, while the maximum you can pay in monthly is £100. We’ll also accept annual lump sum Direct Debits if this option suits you better. You can then vary what you pay as you wish throughout the term of the plan.

It’s not just parents who can open the plan

We know that it’s not only parents who want to help save towards the future of a child they care about, and that’s why we offer the Young Saver Plan to other family members too. If you’re not the child’s parent or guardian all we ask is that you seek permission from them before applying for the plan.

The plan includes a tax-free sickness benefit

The Young Saver Plan provides both savings and sickness protection for the child it's opened for. This means that if the child falls ill during the course of the plan and is unable to attend school for four weeks or more, the parent or guardian will be entitled to receive up to £200 a week in sickness benefits to help with any costs incurred during that period.

Flexibility in choosing what you pay in

As our Young Saver Plan is a long-term savings plan, it’s likely that your financial situation will change from time to time throughout the term of the plan. Because of this, we allow you to review and change your premiums when you like throughout the term of the plan to suit your financial situation.


Find out more about our Young Saver Plan:



Available to any child

Available to any child

You can take out a Young Saver Plan for any child provided they are under 16 years of age. You will make payments into the plan for the child, and they will recieve the money tax free when the plan ends.


Save on tax

Tax rules mean that the Young Saver Plan is tax-efficient, making it exempt from capital gains tax and income tax. This means that all growth within the plan and the money withdrawn from the plan is tax-free.


save on tax


more potential for growth

More potential for growth

Your payments are invested responsibly in a variety of assets which means that they have more potential to grow than in some cash savings accounts. However, you should remember that returns are not guaranteed, and as with any investment plan your capital is at risk.


Sickness cover benefit

The plan includes a sickness cover benefit where the child is eligible for the cover after 4 weeks of continuous sickness, once the plan has been in force for 6 months. We define sickness as being unable to attend school (or subsequent full time employment, or education after age 16) due to illness. Once eligible, the benefit will be paid to the parent or legal guardian who normally looks after the child, until the child returns to school or work.




Sickness cover benefit




Option to take 25%

Option to take 25% of the savings for your child at age 11

We allow parents/guardians to withdraw up to 25% of the savings, on behalf of the child, when the child reaches age 11. You may chose to withdraw the money to help pay for items such as school uniforms or stationery, when preparing to send your child to secondary school. This does not reduce the value of the sickness benefit.


Our members love us

Our commitment to responsible investing combined with our personal approach to all of our members have lead our members to rate us as ‘excellent’, and are the reasons why 9 out of 10 of them would recommend us to a friend. You can see more member reviews by visiting our ‘Why Us?’ tab.




our members love us




we're a mutual

We’re a mutual and we’re here for you

From our excellent customer service where you’ll always speak to a real person*, through to the fact that you get a say on how the company is run, we know that our members feel valued and get an experience that they expect from a modern mutual society with almost 200 years worth of experience.



Free shopping voucher when you take out a plan

Love 2 Shop

Apply for a Young Saver Plan and we’ll send you a Love2Shop voucher code
worth up to £30 when you’ve made your first payment.

Apply for a Young Saver Plan and we’ll send you a Love2Shop voucher code
worth up to £30 that can be spent at various online retailers.

Click here for terms and conditions.

Need more information?

You can use the tabs at the top of this page to find out more about the plan. We also have a handy infographic that helps to explain more.

If you still have questions about the plan then we’ve put together a useful list of FAQ’s.

Otherwise, please feel free to get in touch with our Customer Service team who will be happy to answer any questions you have or to run through the application with you.

Phone Icon

0800 526 249



Email Icon info@shepherds.co.uk

You can call us any time between 8am and 5pm, Monday to Friday.

Ready to get started?

Before you start your application, please make sure that you have read and understand the following documents:

When you’re happy with your understanding of how the plan works, then you can get started with your application.

Start here


*During normal working hours; Monday to Friday, 8am to 5pm

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 total amount of sickness benefit paid out, and the investment performance of Shepherds Friendly’s funds. Therefore the bonus will fluctuate over the term of the plan.
  • If money is taken out of the plan at age 11 the child is unlikely to get back as much as we originally told you they would because of this early withdrawal.
  • If the plan is stopped and money is taken out at any time before the end of the plan you may have to pay to do so. This cost could be more or less than the examples in this leaflet.
  • Past performance cannot be taken as a guarantee of future returns. Inflation may affect the value of your investment in the future.
  • 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.
  • HM Revenue and Customs may change the tax status in the future.
  • If our investment returns have been low we may use a Market Value Reduction to make sure the child does not leave the fund with more than their fair share of its assets. This is to protect plan holders who still have money in the fund.

When you take out an investment product with us your capital is at risk and you may get back less than you have put in. 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.

Please note: No advice has been provided by Shepherds Friendly. If you are in any doubt as to whether a plan is suitable for you, we recommend getting in touch with a financial adviser, who will be happy to take you through what options are available. Should you consult a financial adviser there could be a cost involved and you should confirm this cost beforehand.