Young Saver Plan icon

Young Saver Plan

Est 1826

A tax-efficient savings plan for that special child in your life, from just £7.50 per month

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Saving for a child in your life made simple

Our Young Saver Plan gives you the opportunity to save for the future of a child you love, tax-efficiently. Whether this is with university tuition fees in mind, or to help them along with the costs of buying a first car or home, saving regularly can help to build a nest egg for them when they need it.

What makes our Young Saver Plan different to some other children’s savings plans is that anyone can open it. This means that whether you’re a parent, grandparent, family member or friend, you can open a plan and save for a child you love in a manner that suits you.

Features of our Young Saver Plan

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Open for any child

We know that it’s not only parents that want to help 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.

Saving from £7.50 icon

Start saving from just £7.50 per 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 suits you better.

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Flexibility in choosing what you pay in

As our Young Saver Plan is a long-term savings plan that will run for a minimum of 10 years, 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.

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Tax breaks on growth and final payout

Unlike a normal savings account with a bank or building society, our Young Saver Plan is tax-efficient. This means there will be no income tax or capital gains tax to pay on the growth of the savings, and the child’s final lump sum can be accessed tax-free. This makes their savings go further.

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Combine with a Child Trust Fund or Junior ISA

If you’ve used your child’s annual tax-efficient allowance in their Child Trust Fund or Junior ISA, you can still open and save into our Young Saver Plan to further maximise their tax-efficient savings.

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Invested in stocks and shares

Our Young Saver Plan invests in a mix of assets, the majority of which is in stocks and shares. The reason we do this is with the aim of providing your child with a higher return on their investment over the long-term than would be available in a cash-based account. For more information about how we invest, please click the ‘Our Fund’ tab at the top of this page.

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A straightforward investment

Unlike some other investment accounts, you don’t need to make any decisions about which funds or investments to choose in our Young Saver Plan. Instead we invest on your behalf in our With-Profits Fund, and returns on the plan will depend on the performance of the fund throughout the investment period. For more information about how we invest, please click the ‘Our Fund’ tab at the top of this page.

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Help with sending them to school

We know that sending your child to secondary school can be an expensive thing to do, and that’s why we let you withdraw up to 25% of the savings when your child reaches age 11, to help you pay for school uniforms, stationary and anything else they might need.

Apply for a Shepherds Friendly plan online and get a Love2Shop voucher code worth up to £50* once you’ve made your first payment into the plan

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* Click here for terms & conditions

How to open a Shepherds Friendly Young Saver Plan: You can open a plan online quickly and securely by clicking the button below:

Alternatively, if you would like assistance in applying or would like more information regarding the plan, you can speak to a member of our customer services team by calling 0800 526 249


  • 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.

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. For our With Profits plans 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.