The Child Tax Exempt Savings Plan offered by Foresters Friendly Society allows you to give your child or grandchild a helping hand by providing them with a guaranteed cash sum at a time when they could use it the most, like starting university. It’s also a tax-free way to save for their future - you won't pay tax on the growth of the investment but, like ISAs and pensions, tax is automatically deducted from UK share dividends.  Please bear in mind that tax rules depend on individual circumstances and may change in the future. 

The Child Tax Exempt Savings Plan allows you to choose a fixed term account between 10 and 25 years and there is also an option for the child to receive their money on a specific day such as their 18th birthday, or the first day of university.  You can have a choice of paying between £15 to £25 into the account per month and you will need to maintain this until the end of your chosen term, or it’s possible that the value of the contributions made will be lost.

Foresters Friendly Society has over 175 years of experience and it is their goal to be open, honest and fair. Their funds have grown steadily over the years and their financial position remains strong (Reports & Accounts 2010).

Foresters Member, David, on taking out a Child Tax Exempt Savings Plan for his granddaughter Miranda:  "There’s no doubt it will be an expensive time for her when she turns 18, and I hope the money will help towards her going to university".

Contact Name:

Claire Day

Role:

Online Marketing Executive

Company:

Foresters Friendly Society

Contact Email:

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Contact Phone:

08458801980

Company Website:

http://www.forestersfriendlysociety.co.uk