Junior Easy Save
children's savings made Easy
- What is Junior Easy Save?
- Special Government Tax Break - Tax exempt child saving
- Affordable children's savings
- Enjoy a smoothed performance
- GUARANTEED - your child will receive at least what has been paid in when the plan matures
- PLUS...£30 Boots Vouchers
What is Junior Easy Save?
Junior Easy Save is engage's child savings plan. It is a tax exempt friendly society regular savings plan for children under 16 and it aims to provide a tax free lump sum for their future.
Junior Easy Save is set up in the child's name and the money in it belongs to them. The plan must run for a minimum of 10 years but you can choose to save for longer. It could be an ideal way to save for their 18th or 21st birthday.
Special Government Tax break - Tax exempt child saving
Every child has their own tax exempt friendly society savings allowance. This means that when you apply for a Junior Easy Save child savings plan, you can save for the child without paying tax on any growth in their plan.
Please Note: Any references to taxation are based on our understanding of HM Revenue and Customs practice, which is subject to change.
Affordable children's savings
You can save between £15 and £25 per month or, if you prefer, between £160 and £270 per year for each child
enjoy a smoothed performance
Money invested for a child into a Junior Easy Save buys units in the engage With Profits Fund.
The engage With Profits Fund aims to provide smoothed investment returns over the long term. The fund invests in a mix of assets including fixed interest bonds, deposits, property and the stock market. Every year we declare bonuses which are based upon the performance of the fund so far and how we believe it will perform in the future. These bonuses are added on a weekly basis to the child's investment and are applied in the form of an increase in the price of the units allocated to the policy. Of course, you should bear in mind that future bonuses depend upon investment performance and are not guaranteed.
Please remember that investment performance is not guaranteed and the child may get back less than has been invested for them if the plan is cashed in outside of the guarantee period.
GUARANTEED - your child will receive at least what has been paid in when the plan reaches it's end
The guarantee only applies if the plan is cashed in within 28 days following the end of the initial premium payment term. If the plan is cashed in outside of the guarantee period the child may get back less than has been paid in. If the plan is cashed in before one year's premiums have been paid the child will not get anything back. .
Save in addition to a Child Trust Fund
Whether or not the child you save for has a Child Trust Fund account, you can still open a Junior Easy Save child saving plan for them. The child's tax exempt savings allowance is in addition to any Child Trust Fund they may be entitled to.
£30 worth Boots Vouchers free!
As a bonus for taking out a Junior Easy Save online we'll send you £30 worth of Boots Vouchers*! *terms and conditions apply
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engage Mutual Assurance is a trading name of Homeowners Friendly Society Limited and its wholly owned subsidiary engage Mutual Funds Limited. Both are authorised and regulated by the Financial Services Authority.