Long-term, tax-free saving

If you’re looking to make savings over the long-term, our Tax Exempt Savings Plan is a 10 year with-profits Endowment policy which provides a way of saving regularly without having to pay any tax on the profit made.

We currently offer two types of Tax Exempt Savings Plans – one with Life Cover included, and one without. These policies are marketed under the brand name of Druids Sheffield Friendly Society, one of our recent transfers of engagement.

If you would like to talk to us about our Tax Exempt Savings Plan, please call us on 0161 832 9361 (9am to 5pm Mon to Thurs and 9am to 4pm Friday). You can also reach us on insurance@oddfellows.co.uk.

This Tax Exempt Savings Plan is being marketed (sold) on a non-advised basis, and no advice given or sought (self sold). Whilst we can provide you with factual information, we cannot advise you on what to do.

  • UNDERSTAND THE RISKS
  • AIMS
  • YOUR COMMITTMENT
  • If you decide to cash in the Plan before paying the first year’s premiums in full, you will get nothing back.
  • If you cash in the Plan after paying the first year’s premiums and before the end of 10 years, the surrender value may be less than you have paid in.
  • Bonuses will depend on the investment performance of the fund which cannot be predicted.
  • The information in this document reflects our understanding of the current tax rules, which may change.
  • Inflation may reduce what you could buy in the future with the policy proceeds.
  • A guaranteed minimum cash lump sum, tax-free, at the end of 10 years.
  • A guaranteed cash sum to your dependants if you die during the term (With Life Cover policy only).
  • A share of the Society’s profits added as bonuses to the guaranteed sum.
  • To pay your chosen monthly or yearly premiums for a 10-year term.
  • You can only withdraw money from the Plan at maturity or by closing it earlier and taking the surrender value at that time, which could be less than you have paid in.

If you've read through all the above and our Tax Exempt Savings Plan sounds exactly what you're looking for, let's get your application started.

Essential reads

To make sure our Tax Exempt Savings Plan is right for you, please ensure you read through the following information.

 View the Key Facts Document (With Life Cover).

View the Key Facts Document (Without Life Cover).

 View the Services & Costs Document.

 Have a question? Take a look at our Frequently Asked Questions page.

 

Would you like some help?

Our Customer Centre is your place to go for useful and practical information relating to your account or policy, along with financial reports, details on how we treat customers fairly, and links to some external third parties that you may also find helpful.

TAKE ME THERE

Financial advice. Should you be under any doubt as to whether this product is suitable for you we recommend that you seek the advice of an Independent Financial Advisor (IFA). If you do not have a financial advisor you can find details of a local financial advisor by telephoning IFA Promotion on 020 7833 3131 or via www.unbiased.co.uk. Using the services of a financial advisor may incur charges, please confirm this with the individual financial advisor.

The Money Advice Service was set up by the government and is funded by a levy on the financial services industry. The service is free and independent, and is there to help everyone manage their money better by giving clear, unbiased money advice to help people make informed choices.

Terms and conditions apply to our Tax Exempt Savings Plan. For more information, please refer to the relevant Tax Exempt Savings Plan's Key Facts Brochure which can be found in the essential reads section above.