Friendly Societies Visit our sponsor. Mainly known for their Tax Free Savings Plans, they have an interesting history and background. These are regular monthly savings plans. You save for a period of 10 years, though children's plans may be longer. Anyone can invest, both taxpayers, non taxpayers and children.
Growth is tax exempt.
Maturity is tax exempt. Investment profile tends to be conservative - a managed fund or with profits approach. Who should have one Pretty well everyone can find a place for 10 Year Savings Plan , with the simple proviso that you must be confident that you will invest for the 10 years. It is a must have for higher rate taxpayers. What to look for Charges - watch out for charges, and be careful about those with monthly policy fees.