10 Year Option Plan

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For members who want the option of leaving maturity proceeds from plans on deposit with the Society, there is a special 10 Year Option Plan.

The proceeds for this plan can be taken at maturity or left on deposit with the Society where it will continue to receive interest.

Our 10 Year Option Plan can be taken out by anyone aged 65 or under.

The Kingston Unity 10 Year Option Plan is an easy way to save for the future, by putting aside a small amount every month. Our 10 Year Option Plan runs for a fixed term of 10 years and in that time you can save up to £25 per month or £270 per year (if paid yearly) – providing an opportunity to put aside extra savings for something special or just for the future.  If, at maturity, you are undecided on how to spend the proceeds, you can leave the proceeds on deposit with the Society where it will receive interest.

The Kingston Unity 10 Year Option Plan provides a guaranteed minimum tax free lump sum (the sum assured) which will be paid at maturity, provided you have paid all the premiums due. You should remember that if you close your Plan early, you could get back less than you have paid in.

In addition to the guaranteed lump sum every 10 Year Option Plan may be boosted each year by a bonus which once added cannot be taken away, provided the Plan is taken to maturity. You may also get a ‘terminal’ bonus when the Plan matures. Both of these bonuses are tax free under current legislation.

The 10 Year Option Plan also provides Life Assurance that gives financial protection from day one, in the event of the death of the plan holder.

See our Ten Year Option Plan Key Features for further details. You can also see our Services & Cost Disclosure Document (SCDD) for important information about our services and costs.