Choose a type of savings account to compare from the list below

Compare tax exempt savings

	Product Name	Description
	Foresters Foresters Tax Exempt Savings Plan	Avoid paying Capital Gains Tax and Income Tax on your savings Pay in £15-£25 a month and choose when to receive a cash lump sum Open this plan in addition to other tax free plans including ISAs Access to additional benefits including savings & discounts and discretionary grants	MORE INFO
	Scottish Friendly Scottish Friendly Scottish Bond	Start a regular savings habit using your tax-free savings allowance. Invest £25 a month for 10 years All investments will pay out free of any taxes after 10 years and you get a guaranteed minimum cash sum after 10 years Your guaranteed minimum cash sum can grow through the addition of regular bonuses To apply, you need to be a UK resident aged between 16 and 55.	MORE INFO
	Scottish Friendly Scottish Friendly Tax-Free Flexible Plan	If you're a UK resident aged between 16 and 64 you can make regular tax-free investments, from as little as £15 - £25 per month. Your savings and investments are tax-free when you maintain the Plan for more than 10 years.	MORE INFO
	engage Mutual Assurance Engage Mutual Easy Save	Save between £15-25 a month for 10-25 years Life cover included Engage Mutual guarantee to pay you back at least what you have paid in as explained below £20 worth of Marks & Spencer vouchers plus an extra £10 when you start a plan online.	MORE INFO

Child tax exempt savings

These accounts are long-term, tax-efficient savings plans that are specially designed for an adult to save on behalf of a child, tax-free. Created as an alternative to Child Trust Funds they allow you to save from £15 - £250 per month, however, you must save for a minimum period of 10 years. Child Tax Exempt accounts are available from Friendly Societies. See below for some of the latest offers

 

Compare child tax exempt savings

	Product Name	Description
	Foresters Foresters Ethical Child Savings Plan	Pay in from £15 to £25 per month and make the most of your child's £25 tax allowance by setting up this regular savings plan You can count on making the most of your child's savings as there's no Capital Gains Tax or Income Tax to pay Not only is this an affordable child savings account, but there's the potential for annual bonuses plus a final bonus on maturity to be added to the value of the plan	MORE INFO
	Foresters Foresters Child Tax Exempt Savings Plan	You can provide your child with a cash lump sum by paying a monthly premium of only £25 per month, or from £15 if you apply online, for your chosen term Maximised child savings because there are no Capital Gains and Income Tax to pay Only a friendly society like Foresters can give you these tax advantages through this type of child savings account To ensure tax-efficiency of the plan you must continue your monthly contributions.	MORE INFO
	Scottish Friendly Scottish Friendly Child Bond	Pay in £25 a month to build a cash sum for any child Invest for long-term growth over 10 years or more and invest tax-free - no income tax or capital gains tax to pay Take out a Child Bond whenever you like: it doesn't have to be for a special occasion, the sooner you start investing, the bigger the payout the child will receive at the end of the bond life you choose.	MORE INFO
	Shepherds Shepherds Young Saver Plan	Save from as little as £7.50 right up to £100 a month and vary your premiums to suit your circumstances You won't have to pay a penny in tax on the growth of the savings fund or on the final lump sum payout After the child's 5th Birthday, the parent can claim up to £400 a week in benefits to help cover the costs, if the child is ill for over 4 weeks. While the plan is designed to run for at least 10 years, parents or guardians have the option of withdrawing up to 25% of the fund when the child reaches age 11	MORE INFO
	Scottish Friendly Scottish Friendly Child Flexible Plan	Invest from as little as £15 - £25 per month for any child - including grandchildren, nephews and nieces. When you maintain the Plan for the child for more than 10 years, the payout the child receives will be free from tax. However, you must remember that as with all stock market investments the value of your investment may fall as well as rise and you might not get back as much as you have paid in.	MORE INFO

More about tax exempt saving

Available through the so called 'friendly societies', a tax free savings plan - or TESP - offers you another way, on top of your annual ISA limit, to keep the interest you earn on your savings away from the clutches of the taxman.

Deemed to be an ethical or 'family friendly' way to save, TESPs often offer add-on benefits like life insurance or discounts on other banking products. Although the investments are usually linked to the stock market - meaning the money could be liable to go down as well as up - you can often find accounts which will guarantee a minimum return of the amount you put in.

TESPs tend to operate as a long term regular savings account - with terms of 10 years most common. When the account matures you get a lump sum payment of everything you've saved plus all of your interest, in full, without being looted by Her Majesty's infamous Revenue and Customs.

Usually, you can't withdraw any of the money in the account before you reach the end of the term. However, sometimes accounts offer you the chance to withdraw a certain percentage of the total at a pre-agreed interval.

There are both adult and children's TESPS available. With the former you are limited to saving a maximum of £25 per month. With the latter, some accounts allow you to save up to £100 per month.

With children's TESPs - sometimes known as family savings accounts - you can often choose to have the account mature on a specific date such as the child's 21st birthday. A minimum of 10 years is required though.

Find out about the different savings options available to you.

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