Like many of our members you may have used our Tax Exempt Savings Plan to save up to £25 per month or £270 per annum for periods between 10 and 25 years to build up a tax-free lump sum on maturity.
But what can you do when you already have a lump sum that you want to invest for a number of years – for children, grandchildren, pension planning or even for the very special celebratory occasion such as a world cruise?
We have linked with the highly respected Mansfield Building Society – a mutual organisation like ourselves – to enable you to invest a lump sum into a totally separate account from which they will automatically make an annual transfer to a Sheffield Mutual Tax Exempt Savings Plan.
An initial investment of £2500 will fund 10 annual payments of £270 into the Tax Exempt Savings Plan with no need for you to worry about making your own regular payments. And remember – the maturity proceeds from your Tax Exempt Savings Plan are completely tax free under current legislation and there is a Guaranteed Minimum Return from this Plan.
Interested? Start your plan now
Simply decide how much you would like to invest and for how long. You should download our starter pack. Study our 'Key Facts' literature pack and Mansfield Building Society's ‘Feeder Account' and General Account information leaflets. Then, providing you do not need any advice, complete and sign the application form and direct debit authority and return them by post to:
Freepost RLUC-XKZE-RJAT
Sheffield Mutual Friendly Society
3 Maple Park
Maple Court
Wentworth Business Park
Tankersley
Barnsley
South Yorkshire
S75 3DP
along with two cheques – one for £270 payable to Sheffield Mutual Friendly Society and the other for £2230 payable to the Mansfield Building Society.
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