Make more of tax-free saving
How our Tax-Free Savings Plan works
- Any UK resident under the age of 70 can apply.
- You can also take out a plan at any age for a child, including new born babies.
- Save monthly from £12 to £25, or annually from £135 to £270.
- You can decide how long you'd like the plan to run. This must be between 10 and 45 years, ending after your 16th birthday and before your 80th.
- We will add your savings to a fund that invests in traditional investments like property, company shares and bonds.
- Your plan has a sum assured. The exact amount is dependent on your age when you take out the policy, its term and the premium you pay.
- We can award annual bonuses to your plan, depending how the fund performs. And providing you keep paying in to your plan, once added, these cannot be taken away.
- We may also give you a final bonus, which would increase the tax-free lump sum you receive.
- At the end of your chosen term you’ll receive a lump sum (the sum assured plus bonuses) free of income tax and capital gains tax.
- To give you peace of mind your plan has built-in life cover, so if you die before your plan matures we will pay out a minimum guaranteed lump sum.
Guaranteed:
When your plan matures, you'll get back at least as much as you have paid in.
Not only will your hard-earned savings accumulate a tax free lump sum, but we guarantee that – whatever happens to stock markets or the world economy – you will receive back at least what you have paid into the plan when the policy ends. And in these uncertain days, that’s good to know.
Tax Efficient Savings for you – and for any child!
-
Don’t forget, the Tax Free Savings Plan can be started for children too – many people use it as a way to save for their children or grandchildren.
Apply right now online
Alternatively, why not find out more about our Tax free Saving Plan by calling us on 0800 195 9246 or order your FREE information pack.
