Scottish Friendly Child Bond
Build up cash for your child, tax free!
With a Scottish Friendly Child Bond, you can save between £10 and £25 a month tax free to build up a cash sum for your child. The Scottish Friendly Child Bond is a with-profits investment which runs for a minimum of 10 years. See below to learn more, or apply online:
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|Provider||Service||ISA Option||Minimum Investment||More Info|
|Scottish Friendly Child Bond||More Info >|
|Invest £25 a month with Scottish Friendly for a child under 16. Make regular tax-free investments for 10 years minimum to build a cash sum for the child's future|
|Shepherds Friendly University Savings Plan||More Info >|
|Save tax-exempt up to £2400 per year.|
|Shepherds Friendly Young Saver Plan||More Info >|
|Save tax-exempt up to £1200 per year.|
- The proceeds on maturity are free from income tax and Capital Gains Tax
- On maturity, your child will receive a guaranteed minimum cash sum together with the potential for bonuses.
The Scottish Friendly Child Bond offers two saving options:
Save between £10 and £25 a month or £120 and £270 a year
- Invest the maximum lump sum of £2,340 for a 10 year period; this actually invests £270 a years into the bond – a total investment of £2,700.
- Invest the minimum lump sum of £1,040; this actually invests £120 a years into the bond – a total investment of £1,200.
The reason you do not have to pay the whole £2,700 in order to have £2,700 invested is because if you invest a lump sum, the cash is used to set up a funding plan which invests into a Scottish friendly growth and income bond. This bond guarantees the maximum premium into your tax-exempt Scottish Friendly Child Bond i.e. making gains on your £2,340 investment of £360 to make it up to £2,700.
The Scottish Friendly Child Bond offers:
- The security of a guaranteed minimum cash sum, which protects a part of the total amount invested
- The potential for Regular bonuses and a final bonus
You can apply online for a Scottish Friendly Child Bond.
Important Risk Information:
This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.