Guarantee a tax free cash lump sum for your child
If you are looking into saving or investing for your grandchild's future, or wish to set up a regular savings account for your newborn baby or young child, our Child Tax Exempt Savings Plan is a great way to give your baby, child or grandchild a helping hand in life - providing them with a guaranteed tax-free cash sum at a time when they will need it most, for example to help towards university costs, a first car or a deposit on a property.
- Monthly contributions are £25
- You decide how long you want to save for, between 10 and 25 years
Plus, as a Foresters member, your child or grandchild will qualify for Foresters Extras, a range of benefits offered at no extra cost. These include discretionary grants such as Educational Awards to assist with the costs of higher education or training.
Member benefits are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority and are regularly reviewed by us to ensure they are relevant to our members.
Please note: Guarantees are subject to contributions being maintained for the full term. In the unlikely event that we could not honour the guarantee (i.e. if we were declared insolvent), you may be entitled to make a claim on the Financial Services Compensation Scheme. For further information please refer to the 'What happens if Foresters Friendly Society is unable to pay out?' section of the Key Information Document. Tax rules may change and depend on individual circumstances.
You can find out more about our Child Tax Exempt Savings Plan on the following product tabs:
Child Tax Exempt Savings Plan - In Detail >>