Get your ducks in a row

Take a look at our simple regular savings plans below.

  • Convenient and flexible ways to save
  • Option to save monthly or annually
  • Save from as little as £5 per month

Request an information pack

For more information on our savings products, please fill in your details below and we will send you out your information pack of choice. Sheffield Mutual will never sell your personal data to any third parties. We would, however, like to keep you up to date with Society news, offers, competitions and other products and services that we offer. We use MailChimp for our marketing/service emails. You can update your contact preferences easily at any time by phone, email, in writing or online.

Please read the full product information and Key Information Documents before applying.

Tax Exempt Savings Plan

A plan only available through friendly societies (like us) and with the added benefit of saving tax-free in addition to your ISA allowance.

  • Affordable plans starting from just £5 per month
  • Decide how long you want to save, between 10 and 25 years
  • Guaranteed amount on maturity, plus possible bonuses
  • Start saving tax-free for something special

If you surrender the plan before maturity (which is the term you select when first starting the plan), you may get back less than you have paid in. Tax treatment depends on individual circumstances and may be subject to change in the future.

Bonuses are not guaranteed to be paid and depend on the performance of the Society's with-profits fund.

Tax Exempt Savings Plan with Life Insurance

Tax-free savings with added protection for you and your loved ones.

  • Only available through friendly societies
  • Save from £5 to £25 per month or between £50 and £270 per annum tax-free
  • A guaranteed tax-free lump sum on maturity or death plus possible bonuses
  • Peace of mind that your loved ones will be taken care of

If you surrender the plan before maturity (which is the term you select when first starting the plan), you may get back less than you have paid in. Tax treatment depends on individual circumstances and may be subject to change in the future.

Bonuses are not guaranteed to be paid and depend on the performance of the Society's with-profits fund.

Regular Savings Plan

Putting away a regular amount is always a good habit to get into, our Regular Savings Plan can help you do just that.

  • Start saving from just £5 a month
  • Great way to save over your tax exempt allowance
  • Guaranteed final amount plus possible bonuses on maturity
  • Ideal way to save for the longer term

If you surrender the plan before maturity (which is the term you select when first starting the plan), you may get back less than you have paid in. Tax treatment depends on individual circumstances and may be subject to change in the future.

Bonuses are not guaranteed to be paid and depend on the performance of the Society's with-profits fund.

Regular Premium Investment ISA

Save for the medium to long-term with our flexible Regular Premium Investment ISA.

  • Save from just £30 a month
  • Potential for tax-free investment growth through bonuses
  • Flexibility to amend your premiums (after year one) or make top up payments at any time
  • Access to your money if you need it

Capital at risk. During adverse investment conditions you may get back less than you invested. Tax treatment depends on individual circumstances and may be subject to change in the future.

Bonuses are not guaranteed to be paid and depend on the performance of the Society's with-profits fund.

Why choose Sheffield Mutual

Trusted, fair & ethical

We do not invest knowingly or directly in industries relating to armaments, tobacco, gambling or pornography

About us

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We are part of the Financial Services Compensation Scheme.

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Dedicated team

Experienced and knowledgeable, our team is made up of professionals from a range of backgrounds and industries

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