young saver plan

Young Saver Plan

Open a fantastic Tax-Exempt Savings Plan for your son or daughter, grandchild, niece or nephew from just £7.50 a month

Apply Online Today and Save

Save for a child's future and enjoy a TAX-FREE lump sum and sickness benefits of up to £400 a week

The Young Saver Plan from Shepherds Friendly is designed so you can save from as little as £7.50 right up to £100 a month with the knowledge that there won't be a penny of tax on the growth of the fund or on the final lump sum payout on maturity in 10 years or at age 18.

The Plan is so flexible it allows you to increase or decrease your premiums at any time to suit you and your pocket. The Plan is designed to run for at least 10 years, parents or guardians can withdraw up to 25% of the value of the fund when the child reaches the age of 11.

Our plan also offers SICKNESS BENEFITS for extra peace of mind. If the child is ill and the parent or guardian has to take time off to care for them, they can claim up to £400 a week from the child's 5th birthday.

Just look at what the Young Saver Plan has to offer

  • Flexible Savings
    Save from as little as £7.50 right up to £100 a month and vary your premiums to suit your circumstances.
  • TAX-EXEMPT growth and lump sum
    You won't have to pay a penny in tax on the growth of the savings fund or on the final lump sum payout.
  • Sickness benefits for peace of mind
    If the child is ill for over 4 weeks, the parent can claim up to £400 a week in benefits to help cover the costs.
  • You can make a withdrawal at age 11
    The Plan offers you the option to withdraw up to 25% of the fund when the child reaches age 11.

This plan has the following risks

  • You may get back less than you have paid in
  • Early encashment penalties, which would reduce the amount of the final payout
  • Bonus rates vary form year to year depending on the performance of our investments and the amount of sickness claims experienced. In some years we may not pay out any at all
  • If money is taken out at age 11, this will reduce the amount the child receives at the end of the plan

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