Help your grandchild save for their first milestone

Give a child you care about the best possible financial start in life.

  • Plans with guaranteed amounts
  • Save for university, house deposit or first car
  • Monthly, annual and lump sum plans available

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 product information and Key Information Document before applying.

Children's Tax Exempt Savings Plan

Only available through friendly societies (like us) and a great way to save tax-free for a child you care about

  • Plans start from £5 a month
  • Save for their first car, house deposit, university fees
  • Guaranteed amount on maturity, plus possible bonuses
  • Choose how long to save between 10 and 25 years

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.

Children's Regular Savings Plan

A simple and affordable way to save for a child you care about

  • Save for the long-term, guaranteed final amount on maturity
  • Monthly plans from just £5
  • Consider for regular savings in addition to the tax-exempt savings plan
  • Anyone can start a plan

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.

Children's Investment Bond

Invest in their future with this medium to long-term plan

  • Invest a lump sum between £1,000 - £150,000
  • Guarantee of at least 103% after five years
  • Higher potential returns than a bank or building society
  • Possible annual and final bonuses

If you surrender in the first five years a surrender penalty will apply, meaning you might 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.

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