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.