The Sheffield Mutual Capital Plan
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 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 is designed to 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.
Download our Tax Exempt Savings Plan Brochure (1.78MB)
Download our Mansfield Leaflet
More detailed information is available in the brochure linked above. For further details, or to make an application, please click the following link:
