Bond
What is a Bond?
If you have used your annual ISA entitlement for this year - and have also considered our Tax Exempt Savings Plan - then our Bond offers another way of maximising your savings. A Bond provides an opportunity to achieve potential growth in the long term by allowing your money to grow free of any immediate liability to basic rate Income Tax or Capital Gains Tax.
Why?
- Ideal way to save if you have used your ISA allowance for this year If you have used your annual ISA entitlement for this year - and have also considered our Tax Exempt Savings Plan - then our Bond offers another way of maximising your savings.
- Your money grows free of immediate liability to Income or Capital Gains Tax A Bond provides an opportunity to achieve potential growth in the long term by allowing your money to grow free of any immediate liability to basic rate Income Tax or Capital Gains Tax.
- Potential for long-term growth over 5 years or more Bonds are best viewed as a long-term investment which you should aim to keep for at least 5 years or more to gain the full benefit. As there are no time restrictions on how long you can keep your money in a Bond, you can let it run for as long as you want - giving your Bond a better chance to benefit from potential growth.
- Make a lump sum investment of between £1,000 up to £50,000 The Foresters Friendly Society Bond allows you to invest a one-off lump sum from between £1,000 to £50,000. Once you have opened your Bond, regular contributions and additional lump sum top-ups to it are not permitted.
- Option to make partial or regular withdrawals
You can make partial withdrawals of at least £250 from the Bond at
any time provided the value of the remaining Bond does not fall
below £250.
You can also make regular withdrawals so long as the value of your Bond is at least £5,000 when you start making withdrawals. If the value falls below £5,000, regular withdrawals must not continue. The maximum regular withdrawal is 5% of your initial investment - not including any bonuses that have been added. - Membership brings you access to a unique range of added benefits - at no extra cost! When you take out our Bond, you will automatically enjoy the extra social, benevolence and protection benefits of our unique Membership » more
