Ten Year Savings Plan

Metfriendly's Ten Year Savings Plan is an excellent way of putting something aside for the future.

If you want a simple, long-term savings plan that you can’t dip in and out of then this is ideal for you.

  • monthly premiums start at just £25
  • you can save up to £300 a month
  • your savings earn annual bonuses and normally a final bonus on encashment
  • guaranteed lump sum after 10 years
  • your first £25 a month savings can go into a Tax Exempt Plan
  • Metfriendly does not pay tax on the income and capital gains made for the Tax Exempt Plan – so we can pay higher bonuses
  • after 10 years, you can get the total value of your plan paid to you or leave it invested with Metfriendly to grow

NOTE: You can request the first £25 of your monthly premium to be tax-exempt if you are not paying into a tax-exempt plan elsewhere. The tax-exempt part of your savings will be issued as a separate contract.

What returns has this plan produced?
2014 2015 2016 2017 2018
Original amount invested £3,000 £3,000 £3,000 £3,000 £3,000
Growth over 10 years withdrawn on 1 January £670 £630 £560 £690 £740

Annualised return for 10 years to 1 January 2018

More info and apply
Where is my premium invested?

The 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 2017. For more information on how the with-profits fund works, please refer to How we manage the with-profits fund.





Can I cash in earlier?

Yes. The plan can be cashed in for a surrender value at any time. You can only cash in the plan completely – we will not permit part surrenders. 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. The surrender value reflects our investment return over the period of your savings. On taking money out of either plan there may be tax implications – see ‘What about tax?’ in the key features document.

What if I change my mind?

We will send you a certificate showing your benefits and a cancellation notice. If you change your mind, you can return the notice within 30 days for a full refund.

How much will it cost for advice?
  • We do not offer or give financial advice.
  • Metfriendly does not make any form of commission.
  • The cost of providing verbal or written information about these plans is included in Metfriendly’s overall expenses.
How do I contact you?

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

Phone: 01689 891454 Fax: 01689 891455

Email: [email protected]

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

Miss A McLeary, ESB

‘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

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

Police Sergeant S Drysdale, DPS Borough Support

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

Mr P Payne, Bordon

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

Mr Nino Trancucci, London

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

DC Chris W, SO15

‘I would recommend Metfriendly to everyone.’

Mrs V Thompson, Dagenham

‘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