Saving For Children

With the ever increasing cost of Public School fees and higher education, there has never been a greater need to plan ahead and to start saving now. There is a wide variety of products in the market to help you. We have chosen The Children's Mutual's Baby Bond Savings Plan and the University Bond Savings Plan as tax efficient plans suitable for building a lump sum to help finance these costs.

Don't forget, these are not the only ones around. If you need any assistance, or have any queries, please contact us.

If you require advice before making your decision please click here Advice and complete the form. We will contact you by telephone to discuss your needs.

Baby Bond Savings Plan

This is a special savings plan from The Children's Mutual which provides tax exempt growth in their low risk with profits fund. The plan provides a guaranteed return (the sum assured) at maturity and you can save from £15 to £25 per month. The minimum savings period is 10 years.

Bonuses are added to the plan every year which cannot be taken away and at maturity a terminal bonus may be added. The Children's Mutual is a mutual society and profits are ploughed back in to the Company for the benefit of its members.

Parents, grandparents, in fact anyone can save on behalf of your child providing that the written consent of the parents is given. The with profit investment fund grows free of income and capital gains tax and at maturity, providing all premiums have been paid, the proceeds are available free of any taxation.

For further information please order our information pack. Click here Baby Bond and complete the form. You will receive in the post a personal illustration, key features and brochure for your new savings plan from The Children's Mutual.

Baby Bond ® is a registered service mark of The Children's Mutual.

University Bond Savings Plan

This is another special savings plan from The Children's Mutual which is designed to build capital to help pay for tuition fees and student maintenance costs.

The plan is set up as a series of with profit endowment life assurance policies which mature at yearly intervals to coincide with the time the funds will be needed. The minimum savings period is 10 years and the maximum 30 years. Monthly savings as low as £40 per month are allowed.

The plan uses the child's tax exempt allowance for friendly societies of £25 per month or £270 per year. Additional amounts over this are invested in a fund where tax is paid by the Society on profits made. At maturity, providing all premiums have been made, the proceeds are paid free of any taxation.

For further information please click here University Bond and complete the form. We will send you by post a personal illustration, key features and brochure for your new plan from The Children's Mutual.

Please Note

• The law relating to taxation is liable to change and such changes cannot be foreseen.
• The value of units in a unit trust and OEIC fund can fall as well as rise and returns are not guaranteed.
• Funds which invest outside the UK may be subject to currency fluctuations which will affect the investment performance.

If you are confused about the rules please consult us before going ahead, click here Advice.