If you want a simple, long-term savings plan that you can’t dip in and out of then this is ideal for you. It also comes with built-in life insurance.

• monthly premiums start at just £25 (up to £300 a month)
• the first £25 a month is tax-exempt*
• guaranteed lump sum after a minimum 10 years
• your savings earn annual bonuses and normally a final bonus on encashment
• get the total value of your plan paid to you after 10 years, or leave it invested to grow further
• for a pay-out every year (after the first 10 years) select the ‘Rolling Plan’ option
• in the event of your death, your plan could help to cover small financial obligations (e.g. car loan or funeral costs)
• e.g. a £25 per month policy will provide £2,800 worth of life cover and £100 provides £11,200

* The first £25 of your monthly premium can only be tax-exempt if you are not paying into a tax-exempt plan elsewhere. We do not pay tax on the income and capital gains, so we can pay higher bonuses.

Watch this short explainer:

Click here to see what returns our Ten Year Savings Plan has produced.

Rolling Plan

Many of our members also choose to start new plans every year. This means that after ten years you will start receiving a pay-out every single year.

It’s ideal for regular annual events like Christmas, school fees or holidays.

You can stop “rolling” your plan at any time.

Rolling Plan Example

This example shows how to set up a Rolling Plan to get a pay-out every January.

• you begin a Rolling Ten Year Plan in January at £25 per month.
• each subsequent year you begin another plan at £25 per month.
• after ten years you will have ten plans running for a total premium of £250 per month.
• after ten years your first plan will mature paying you the sum assured plus any annual bonuses and normally a final bonus, in good time to help you with the Christmas credit card bill or help towards a holiday.
• we’ll start a new plan for you after the first ten years to replace the matured one – that way you’ll continue to have ten plans running.
• early the following January your second plan will mature, again paying you the sum assured plus any annual bonuses and normally a final bonus – Christmas and holiday costs sorted again!
• and every January thereafter you will receive a pay-out for as long as you wish to continue your rolling plan.

The image below gives an example of how the rolling plan works.

To take out a Rolling Plan tick the relevant box in the application form.  You will only be able to open new plans until you reach age 55 (50 for a smoker).

We will send you a new policy schedule each year, along with a cancellation notice giving you the option not to proceed with any further plans.

Can I cash in earlier?

The plan can be cashed in for a surrender value at any time. Once you have been paying premiums for 6 years, the surrender value may exceed what you have paid in but it could be less in the early years.