Performance

At Sheffield Mutual, we've been helping individuals grow and protect their money for over 130 years. As a mutual organisation, we're driven by one clear purpose: to deliver strong, reliable returns for our policyholders - not external shareholders.

Below you'll find:

• Our 2025 highlights, showcasing key achievements and fund performance
• A look at our bonus rates over recent years, demonstrating our consistent track record
• Details of our current interim bonus rates and how they apply to maturities and claims

Explore the results that make Sheffield Mutual a trusted choice for stable, long term results.

• Total assets including the Child Trust Fund (CTF) are £247 million
• We declared a record breaking £6.1 million in bonuses
• Assets excluding the CTF are £187.5 million
• Traditional membership was at 12,421
• Total number of traditional policies was at 18,699
• Including the Child Trust Fund the Society now has 77,688 policies and accounts

Commenting on the results, Jamie Bellamy, Chief Executive, said:

“Our business has continued to grow, with total premium income rising by 32% compared to last year. ISAs remain our most popular product, and the introduction of the Three Year Fixed Bond has further strengthened our offering and broadened the choices available to members.

A core principle of our mutual model is ensuring that every member receives their fair share and benefit from the Society’s success. Our ‘smoothing’ process continues to support this, enabling us to deliver competitive returns even in more challenging market conditions. For 2025, we declared annual policy bonuses totalling more than £6.1 million, reinforcing our commitment to rewarding members consistently.

As a mutual, our member’s interests have always been at the forefront of our thinking, as demonstrated by the first-class service provided by our team, excellent online reviews and competitive bonus rates."

Unlike banks who add interest to their plans, we aim to add bonuses to our members' policies. An overview of our recent bonus rates can be found in the table below.

Please note, our interim rate is used for maturities and claims prior to the next declaration and is not a reliable indicator of future bonus rates. Interim bonus rates are not guaranteed and may go up or down until they are declared. The declared rate is agreed at the end of March each year. 

In certain circumstances your capital is at risk, please read the product brochure and Key Information Document for further information.

*Before deduction of the 1.25% annual management charge for ISAs and JISAs.

We currently have no MVR in place on any of our products.

Final bonuses are not guaranteed and may go up or down at any time.

¹A final bonus of 2% is currently being applied to maturing endowment policies(Tax Exempt Savings Plan and Regular Savings Plan).

²Final bonuses are being paid on bonds as follows:

• 25% on investments made in 2005 or 2009
• 15% on investments in 2013 or earlier (excluding 2005 and 2009)
• 10% on bonds invested in 2014 to 2016 inclusive
• 5% on bonds invested in 2017 to 2019 inclusive

³Final bonuses are being paid on ISAs as follows:

• 5% on tax years 2009/10 to 13/14

⁴5% on Junior ISA subscriptions up to 20/21 on maturity.

Please see bonus rates for our older plans below (please be aware, these are no longer open to new business).

Final bonuses are not guaranteed and may go up or down at any time.

¹A final bonus of 2% is currently being applied to maturing endowment policies (Tax Exempt Savings Plan and Regular Savings Plan).

²Final bonuses are being paid on bonds as follows:

• 25% on investments made in 2005 or 2009
• 15% on investments in 2013 or earlier (excluding 2005 and 2009)
• 10% on bonds invested in 2014 to 2016 inclusive