Children’s Savings Plan

There are few better material things you can give your child or children than a solid financial base for when they begin to make their way in the world.

With a Metfriendly Children’s Savings Plan you can save for a beloved child’s future for just £25 a month – and it’s tax-free.

So for a relatively small monthly sum a much-loved child could receive quite a substantial lump-sum at adulthood.

Only friendly societies can offer these tax-free savings plans for children.

The plan is simple – save a fixed £25 a month and on on the policy anniversary when the child is 24 the accrued sum will be paid to the child (alternatively the child can receive the sum at age 18 or 21).

  • low fixed monthly premium of just £25
  • enjoy the same tax benefits as an ISA
  • each year an annual bonus is added to the savings
  • a final bonus is normally added when the plan ends

PLEASE NOTE: When the child reaches the age of 16 they are legally responsible for their own savings plans.

What returns has this plan produced?
2013 2014 2015 2016 2017
Original amount invested £4,500 £4,500 £4,500 £4,500 £4,500
Growth over 15 years withdrawn on January 1 £2,330 £2,260 £2,170 £2,050 £2,270

Annualised return for 15 years to 1 January 2017

More info and apply
Who can apply for a Children's Savings Plan?

A parent (or someone with parental responsibility) must sign the application on behalf of the child. The child must be the child, grandchild, nephew or niece of someone who works (or has worked) in the UK Police Service. The child must be resident in the UK and needs to be under 15 at outset.

Who can pay into a Children's Savings Plan?

The payer can be either:

a) The child’s parent, or

b) A relative or family friend (with the parent’s agreement).

The payer must be age 18 or over and have a UK bank account. Any payer who is NOT a parent will not receive annual statements and will have no rights to surrender the plan early. If the payer stops paying premiums the plan will cease (and the surrender value will be paid to the child) unless someone else takes over as the payer.

It is not possible for more than one person to pay into the same Children’s Plan at the same time.

Where is the premium invested?


graph 2016The premiums are invested in the Metfriendly With-Profits fund which is made up of equities, commercial property, bonds and cash. The example in the diagram shows the approximate “mix” as at 31 December 2016. For more information on how the with-profits fund works, please refer to How we manage the with-profits fund.

Who can cash in the plan?

If the child is under 16, the parent can request the plan be cashed in, but once the child is 16 or over only the child can make such a request.

We will always make the payments to the child, who will therefore need an account in their own name.

How do I contact you?

Metfriendly, Central Court, Knoll Rise, Orpington, BR6 0JA

Phone: 01689 891454 Fax: 01689 891455

Email: [email protected]

‘Very pleased with the service I’ve received to help me save money direct from my salary.’

DC Chris W, SO15

‘Hassle-free savings that are started every year on my behalf, without me having to call up.’


D.C. R McLaren, Hackney Borough Stations

Good service – always very helpful and informative.

Miss J Coward, South Norwood, London

‘I would recommend Metfriendly to everyone.’

Mrs V Thompson, Dagenham

Very happy with the service. I have a number of policies for myself and my children.

Police Sergeant S Drysdale, DPS Borough Support

Great opportunity for family members to be offered the same offers as members.

Miss A McLeary, ESB

‘I have been a member since 1980. Never had any problems or issues. Staff always helpful.’

Mr Nino Trancucci, London

‘I’ve used Metfriendly for the last 5 years and recently the money has gone towards a deposit for our house. I will be signing back up next year to help save towards my kids future.’

Mrs A Cooper, Met CC, Bow

‘I have always been pleased with the returns from my Metfriendly policies.’

Mr P Payne, Bordon