This endowment is a tax exempt, with bonuses, savings plan giving a guaranteed sum at the end of the 10 year term.
Tax Exempt Savings Plans
The Tax Exempt Savings Plan is a 10 year with profits endownment policy, which meets HMRC requirements to be exempt from tax.
We offer 2 versions of the classic friendly society 10 year savings plan, one with life cover and one without life cover.
Is the Druids Sheffield Tax Exempt Savings Plan suitable for me?
We only offer Tax Exempt Savings Plans on a non-advised basis. Whilst we can provide you with factual information, we cannot advise you what to do.
If you are not sure whether this product is suitable for you, you should seek advice from an independent Financial Advisor (IFA). If you do not know an IFA you can find details of local IFAs by telephoning IFA Promotion on 020 7833 3131 or via www.unbiased.co.uk. An IFA may charge you for advice.
Who can take out a plan?
The plan with life cover is available to anyone less than 60 when you start the plan.
How much can I invest?
Because of the generous tax savings, the maximum investment is limited by the Government to £25 per month or £270 per year. However you can start from as little as £9 per month or £100 per year. Please see the brochures in the ‘Downloads’ section for full details.
How do I apply?
We are currently updating the documentation for this product.
If you would like to arrange for information to be sent out to you as soon as it is available please call our Insurance Department on 0161 832 9361.
Druids Sheffield is a trading name of The Independent Order of Oddfellows Manchester Unity Friendly Society Limited, Incorporated and registered in England and Wales No. 223F. Registered Office Oddfellows House, 184-186 Deansgate, Manchester M3 3WB. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, registration No. 109995. WWW.ODDFELLOWS.CO.UK