Young Saver Plan

If you are a parent, grandparent, family member or friend you can open a tax efficient savings plan for a child you love, from just £7.50 a month

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Home » Saving for children » Young Saver Plan

A children’s savings plan with a range of benefits that are only available from a mutual.

Saving for the future of a child is a long term commitment, so we know that you’ll want their savings to be put somewhere you can trust. Being a member of our mutual means you will have a say in how we are run, and as we don’t have any shareholders we will return more of the profits we make to the child’s savings.

We’ve been looking after family finances for almost 200 years, and offer a level of service to our members that has led nine out of ten of them to tell us they would recommend us to a friend.

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Annual bonuses


Since we launched our Young Saver Plan we have paid an annual bonus every year. However, this is not guaranteed.

As we were founded over
190 years ago, in 1826,

we have a wealth of experience
in managing financial products
such as savings plans

Member Focused


View our mission »

Get a Love2Shop voucher
worth up to £30 when you apply

Love 2 Shop View terms and conditions »

Not sure if this is the right plan for you?


Why not try using our 'your savings options' tool, to help you to decide which plan could suit your needs

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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

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.

No advice has been given by Shepherds Friendly, and if you are in any doubt as to whether a savings plan is suited to your needs, then you should contact a financial adviser. There may be a charge for financial advice, and the cost should be confirmed to you before any advice is given.