Tax Exempt Savings Plans

These Plans are uniquely available from Friendly Societies. Everyone has an allowance of £25 to save each month – across all Friendly Societies. Adults can take out a plan as well as an ISA. Children can have a plan regardless of how young they are – their premium can be paid until age 18 by a parent or other adult relative. Because we pay no tax on our investment return, we pay higher rates of bonus each year on these Plans.