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SCOTTISH FRIENDLY CHILD BOND
Scottish Friendly Child Bond (Childrens Account)
        
Did you know you’re allowed to invest up to £25 per month tax-free for any child, resident in the UK, with a friendly society such as Scottish Friendly? The Scottish Friendly Child Bond allows you to put away a small amount of money every month for a special child in your life and could provide them with a tax-free lump sum to help them take their first footsteps into adult life - buy their first car or help them get to university. It's a tax-free with-profits plan, which runs for a minimum of 10 years, which you can take out for any child under 16.
Location: UK
Account Name: Child Bond
Advantages:
1. Invest £25 a month tax-free for 10 years or more.
2. The bond's payout will be related to the performance of the assets within the Scottish Friendly With-Profits fund which includes the stock market, bonds, cash and property.
3. The child gets a guaranteed minimum cash sum at the end of your selected term.
4. A small amount of life cover for the child is automatically included as a condition of the tax benefits.
5. The bond is the property of the child at all times.
Disadvantages:
1. The child could get back less than you've paid in and if cashed in within the first 2 years, the child will get nothing back.
2. The amount of the guaranteed minimum cash sum depends on how much is paid in and the length of the savings period. It will initially be less than the amount invested over the investment term.
Services:
Did you know you’re allowed to invest up to £25 per month tax-free for any child, resident in the UK.

Interest AER: VariesInterest Gross: Varies
Interest Paid: Monthly, Annual, End Of TermMinimum Income: £0
Overdraft Rate: N/A
Banking Charges:
Service Charges: £0
Account Access: Online, Tel, Post
Withdrawal Access: Minimum term 10 years

Free Banking: YesDebit Card: No
Cheque Guarantee Card: NoStanding Orders: No
Direct Debits: NoOverdraft Facility: No
Account Manager: No

Conditions:
Invest for a child who is under 16
Features:
The Child Bond is the property of the child and you can be sure they’ll appreciate the extra money when they’re older.
Introductions and Offers:
None available at the time of writing
Terms and Conditions:
Available to children currently aged under 16 and who are resident in the UK.
        
REVIEWS
Scottish Friendly Child Bond (Which Way To Pay - 3/9/2015)
Scottish Friendly Child Bond is ranked 4 out of 5. Based on 1 review.

4 Star Rating

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Scottish Friendly Child Bond
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