junior easy save

tax exempt savings for children

Like to give your child a head start in life? The junior easy save plan from Engage Mutual could be just the thing you’re looking for.

Junior easy save allows you to save up to £25 a month or £270 a year to build up a tax free lump sum for your child – and it’s available whether or not your child has a child trust fund.

special government tax exempt savings allowance available only from friendly societies
easy to start saving – save £15-£25 per month for 10-25 years
available for all children including those who are too old for a child trust fund
£20 worth of Boots vouchers, plus an extra £10 when you start a plan online. terms and conditions apply.
we guarantee to pay your child back at least what has been paid as explained below.

build a tax free cash lump sum for your child

There are a few important things to bear in mind about the guarantee. Your child will get a guaranteed tax free lump sum as long as all the premiums due have been paid, the plan has reached the end of the premium payment term and it is cashed in within 28 days after the end of the payment term.

It’s also important to be aware that if the plan is closed outside of the guarantee period, your child could get back less than has been paid in, and if it is cashed in before 1 year’s premiums have been paid, your child won’t get anything at all. Remember, the tax treatment of the plan could change in the future.

Like to know more?

Junior easy save in detail

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Engage Mutual Assurance is a trading style of Homeowners Friendly Society Limited (HFSL) and its wholly owned subsidiaries. HFSL is authorised and regulated by the Financial Services Authority (FSA).

This website is intended for use by UK residents only and does not constitute advice. If in doubt as to the suitability of a product you should seek independent advice. Products are provided by HFSL except where otherwise stated.

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