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. Metfriendly does not pay tax on the income and capital gains, so we can pay higher bonuses.
Watch this short explainer:
Rolling Plan
Select the “Rolling Plan” option when you apply to start receiving a pay-out every single year (after the first ten years) – ideal for regular annual events like Christmas, school fees or holidays. See “What is the Rolling Ten Year Savings Plan?” below for full details.