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SHEPHERDS FRIENDLY UNIVERSITY SAVINGS PLAN
Shepherds Friendly University Savings Plan (Savings Account)
        
The Shepherds Friendly University Savings Plan premiums start at £100 per month, aiming to cover tuition costs and more. Your savings will be tax-exempt, and your child’s final lump sums) will be tax-free. Your child can take the money in one lump sum, or in multiple lump sums between the ages of 18 and 21. Applying for the University Savings Plan is quick and easy, and the whole process can be completed online.
Location: UK
Account Name: University Savings Plan
Advantages:
1. Our University Savings Plan premiums start at £100 per month, aiming to cover tuition costs and more
2. Your child can take the money in one lump sum, or in multiple lump sums between the ages of 18 and 21
3. Your savings will be tax-exempt, and your child’s final lump sum(s) will be tax-free
4. Applying for the University Savings Plan is quick and easy, and the whole process can be completed online
5. Your savings will be invested primarily in stocks and shares to increase the long-term growth potential
6. You can start a University Savings Plan for any child, regardless of other savings plans they might already have
Disadvantages:
1. How the investment performs may vary during the term of the Plan. Because of this the child could receive a higher or lower sum than you expect at the end of the plan and may not get back as much as you have paid in.
2. The amount of bonus paid each year is related to the investment performance of Shepherds Friendly’s funds and the total amount of sickness benefit paid out to all  customers who have this type of Plan. Therefore the bonus may fluctuate from year to year throughout the term of the Plan.
3. In poor investment conditions we may apply a Market Value Reduction (MVR). This could mean you get back less than you have paid in.
4. If the Plan is stopped and money is taken out at any time before the end of the Plan you will have to pay to do so. This cost could be more or less than the examples in this leaflet.
5. The tax treatment of these Plans could change in the future
Services:
Shepherds Friendly University Savings Plan offers you the chance to save for your child’s future on a monthly basis, tax-exempt. The plan is specifically designed to save enough to cover the costs of a university education and living expenses, and offers a unique withdrawal process when you child is aged between 18 and 21. If your child decides not to go to university, then the fund can be used to give your child a real head start, by providing them with a tax-free lump sum to get them on their way.

Interest AER: See websiteInterest Gross: See website
Interest Paid: YearlyMinimum Income: £0
Overdraft Rate: N/A
Banking Charges: See website for details.
Service Charges: £0
Account Access: Online
Withdrawal Access: When child is between 18 - 21 years old

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

Conditions:
When child is between 18 - 21 years old
Features:
Your savings will be tax-exempt, and your child’s final lump sum(s) will be tax-free
Introductions and Offers:
N/A
Terms and Conditions:
Please read the Key Features document by clicking the ‘Read More’ button below before applying.
        
REVIEWS
Shepherds Friendly University Savings Plan (Which Way To Pay - 19/2/2014)
Shepherds Friendly University Savings Plan is ranked 4 out of 5. Based on 1 review.

4 Star Rating

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Shepherds Friendly University Savings Plan
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