Guaranteed Savings Plan
A simple, affordable way to save for your future
Imagine being able to have a lump sum for the years ahead.
Suitable as a mid to long term savings plan and available to anyone
over the age of 16, you could use our Guaranteed Savings Plan to
save to help put your child through university, for a special
wedding anniversary or a holiday of a lifetime - whatever you
choose.
Our Guaranteed Savings Plan guarantees to pay out at least the
amount you have saved at maturity and offers guaranteed in-built
growth above and beyond what you save for plans with contributions
of £26 a month or more. In a nut shell - the higher your
monthly contribution is, the larger the guaranteed in-built growth
will be.
There is also the potential for extra bonuses to be added to the
savings plan annually and at maturity and these are dependent on
the performance of the fund in which your contributions are
invested (the addition of bonuses is not guaranteed).
Save from £25 to £100 a month
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- It's a simple, affordable way to save for a guaranteed cash
lump sum - pay in a set amount each month from just £25 to £100 for
your chosen term.
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Choose when you receive your cash payment
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- When you take out a Guaranteed Savings Plan, you decide how
long you want to contribute to your plan and when you want to
receive your cash payment. You have a choice of fixed terms, from
10-25 years, or you can even chose a specific date like a wedding
anniversary, a special birthday or when your child will be starting
university.
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No upper age limit
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- This plan is available to UK residents aged 16 years and over
(there is no upper age limit).
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Potential for growth above and beyond just what you save
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- Depending on the term of the plan and the contribution level
you choose, the Guaranteed Savings Plan offers guaranteed in-built
growth above and beyond what you save for plans with monthly
contributions of £26 or more.
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Bonuses may be added - and cannot be taken away
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- We aim to add bonuses yearly to the guaranteed maturity amount
- with the possible addition of a final bonus being paid at
maturity.
- Once bonuses are added to the guaranteed maturity amount they
cannot be taken away (provided all contributions are paid as due)
and will increase the eventual cash payout.
- The addition of bonuses is not guaranteed and depends on the
future investment performance of the Order Insurance Fund, as well
as any deductions and how we decide to distribute any profit. For
more detailed information on how we manage this fund see 'How you share in the
profits of Foresters'.
- Please remember that past performance is not a guide to future
performance.
- You should bear in mind that inflation will reduce what you can
buy in the future with the fund.
- A Bank or Building Society account has greater certainty of
growth than a Guaranteed Savings Plan.
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Automatically become a Member and access our unique
benefits
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- When you take out a Guaranteed Savings Plan with Foresters
Friendly Society you'll automatically get access to our special
range of social and protection benefits - all at no extra cost.
Discretionary benefits are not regulated by the FSA.
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Download more information on
our Guaranteed Savings Plan >>
Apply
for your Guaranteed Savings Plan now >>
Do you want to maximise your savings even further through a tax
efficient policy only offered by Friendly Societies? Our Tax Exempt
Savings Plan pays a cash lump sum, free of Income and Capital Gains
Tax, at the end of your chosen term.
- Save £25 a month
- Choose when you receive your cash payment
- You can open a Tax Exempt Savings Plan in addition to an ISA or
Bond
- Guaranteed cash payment on maturity
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