Quick Info:
Anyone age 18 or over can sponsor a child under 18 years of age as a member of the Society by taking out a Kingston Unity Child Tax Exempt Savings Plan.
Child Savings Plan
Request Further InformationAnyone aged 18 or over can sponsor a child under 18 years of age as a member of the Society through taking out a Child Tax Exempt Savings Plan on their behalf.
Our Child Tax Exempt Savings Plan could be one of the best kept financial secrets in Britain! But anyone age 17 or under can have one!
The Kingston Unity Child Tax Exempt Savings Plan is an easy way to save for the future, by putting aside a small amount every month. Our Child Tax Exempt Savings Plan runs for a minimum of 10 years (the length of the plan is fixed from the start) and in that time you can save up to £25 per month on behalf of the child– providing an opportunity to save for the child’s future educational costs, a gap-year or simply a birthday gift.
Kingston Unity Child Tax Exempt Savings Plans can also be arranged to mature on a Child’s birthday as long as the term in still at least 10 years. You could take out a Plan to mature perhaps on a child’s 17th or 18th or 21st birthday.
The Kingston Unity Child Tax Exempt Savings Plan provides a guaranteed minimum tax free lump sum (the sum assured) which will be paid to at maturity, provided you have paid all the premiums due. You should remember that if the Plan is cashed in early, the child could get back less than you have paid in.
In addition to the guaranteed lump sum every Child Tax Exempt Savings Plan is boosted each year by a bonus which once added cannot be taken away, provided the Plan is taken to maturity. There may also be a ‘terminal’ bonus when the Plan matures. Both of these bonuses are completely tax free.
Our most popular Child Savings Plan by a long way, the Child Tax Exempt Savings Plan can be taken out for any child under 18 – for instance your own child or grandchild, a nephew or niece or godchild.
Please download and read our Child Tax Exempt Savings Information Pack which includes our Key Features, an illustration of the product, a full Product Guide and also includes our Client Agreement and our Services & Costs Disclosure document which details important information about our services and costs.