Ethical Child Savings Plan

Avoid paying tax on your child's savings

• You can count on making the most of your child's savings as there's no Capital Gains Tax or Income Tax to pay.
• Only a friendly society like us can give you these tax advantages through this type of regular premium savings plan.
• To ensure the tax-efficiency of the plan, you must continue your monthly contributions for your chosen term.  If this isn't the case, any gains the plan makes may be subject to tax.
• Tax rules may change and depend on individual circumstances.

Ethical saving that helps to make the world a better place

• Your contributions will be invested in the ethical section of our With Profits Fund. This aims to disregard companies that are substantially involved in arms manufacture, tobacco, pornography, animal testing or gambling, for example.
• You can find out more about our ethical investing here.

Pay in £15-£25 a month

• Make the most of your child's £25 tax allowance by setting up this regular savings plan.
• Pay in from £15 per month if you apply online, or £25 a month if you apply by post.
• You should also be aware that inflation will reduce what the child can buy in the future with the fund.
• Don't forget only a friendly society like Foresters Friendly Society can give you these tax advantages through this type of child savings account.
  
  Use our Savings Calculator to find out how much your child could get back >>

Potential for annual bonuses

• Not only is this an affordable child savings account, but there's the potential for annual bonuses plus a final bonus on maturity to be added to the value of the plan.
• Once bonuses are added to the basic maturity value, provided the plan runs for the full term, they cannot be taken away and will increase the eventual cash lump sum your child will receive.
• The addition of bonuses is not guaranteed and will depend on the future investment performance and deductions from the ethical section of the With Profits Fund, and how we decide to distribute any profit.  You may not get back what you have paid into the plan.
• If you cash in during the first year you may get back less than you paid in.
  
  Use our Savings Calculator to find out how much your child could get back >>

Potential for a higher rate of return

• Due to the way the Ethical Child Savings Plan is invested, you also have the potential for a higher rate of return (over the long term) than with the Child Tax Exempt Savings Plan.
• As with all investments, please remember that past performance is not a guide to future performance.  Investments can fluctuate and there is a possibility that you may not get back what you have saved over the term of the plan.

Choose when your child receives their cash lump sum

• It's up to you when your child receives their cash pay-out (from aged 16 onwards and subject to a minimum 10 year term). So you're in control of when they can access their cash lump sum - this is much more flexible than our previous Child Trust Fund product.

Automatic Member Benefits for your child

• When you take out an Ethical Child Savings Plan with Foresters Friendly Society, your child will automatically gain access to our unique range of added benefits - at no extra cost. These include a number of discretionary grants for members aged 16 and over who are in further or higher education or studying for a recognised qualification, as well as savings and discounts on some of the UK's top brand names.  Discretionary benefits are not regulated by the FSA