Child Tax Exempt Savings Plan

What is a Child Tax Exempt Savings Plan?

Our Child Tax Exempt Savings Plan pays a child a cash lump sum at the end of the term free of Capital Gains Tax or Income Tax - when they could really do with it. Imagine being able to provide a useful cash payment around the time they start university, or to help fund a gap year, buy a first car or put a deposit on a flat.

Why?

• A tax-efficient way to invest in your child's future

  Our Child Tax Exempt Savings Plan helps to maximise your savings because it's so tax efficient.  Only a Friendly Society such as Foresters Friendly Society can give you these tax advantages through a regular premium savings plan.

• Affordable - from just £15 per month

  You can provide your child with a cash lump sum by paying a monthly premium of only £25 per month, or from £15 if you apply online, for the chosen term.

• Choose when your child receives their cash payment

  You can decide for how long you want to contribute to the plan and when it will make a payment to your child - from aged 16 onwards. You have a choice of fixed terms from between 10 to 25 years.

• Potential for growth of the savings plan

  You have the reassurance of knowing your child will receive at least the guaranteed maturity amount (as long as premiums are paid throughout the term). The possible addition and value of bonuses depends on how much profit the With Profits Fund makes and how we decide to distribute it. For more detailed and technical information about how we manage the fund, see ' How you share in the profits of Foresters'.

• Membership brings you access to a unique range of added benefits - at no extra cost!

  When you take out our Child Tax Exempt Savings Plan, your child will automatically enjoy the extra social, benevolence and protection benefits of our unique Membership » more

Download a Child Tax Exempt Savings Plan Brochure

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