Save For The Future With Shepherds Friendly

With rising expenses and low living wages, it is important that we consider and think about how our children are going to be able to fund important events in their lives such as their wedding, university fees, buying their first car and raising money for a housing deposit.

As parents, it is in our nature to want to provide the best for our children. Putting away a lump sum of money each month can help to give our children a helping hand to cover large expenses in the future. You should visit to see what will come to you in the near future.

Are You Saving Enough For Your Child’s Future?

Shepherds Friendly Society created an Infographic asking the question ‘are you saving enough for your child’s future?’ The Infographic shows the average cost of many saving goals in 2016 and a calculation that helps you to calculate whether you are saving enough to reach those savings goal.

We have listed the average price of those expenses in 2016 below:

  • Average UK  house price for first time buyers is £176,773 *1
  • Average price for first car is £3,709 *2
  • The average university debt is £44,500 *3
  • The average wedding costs £8000 but  1 in 10 spend  between £19,000 and £30,000 *4
  • Around the world ticket can range from  £1,500 to £10,000 *5

Obviously, saving for all of these is out of the question for most, even more so if you have more than one child.

According to research from, parents need an estimated £259,000 to cover those expenses. Whilst this total is daunting, focusing on a more specific goal such as saving for a housing deposit, a car or university fees can help you to set more realistic saving goals for your child(ren).

Saving over the long-term for your children with a child’s savings plan at Shepherds Friendly Society can help you to save to help your children as well as providing you with a range of benefits.

Shepherds Friendly Junior Money Maker

Shepherds Friendly Junior Money Maker allows you to invest for your child over the long-term, and aims to add an annual bonus to the tax-efficient savings you’ve built up, although as with any investment this is not guaranteed.

The savings are invested in the Shepherds Friendly Society With Profits Fund, which allows tax-efficient investing over and above the annual Junior ISA and Child Trust Fund limits. Therefore the money that is withdrawn at the end of the investment period is tax free.

The plan is available to any child younger than 11 years old and the earliest they can access the money is aged 18. This means that there is a long-term outlook to the plan, helping to build a significant tax-free lump sum for your child. You can open a plan from £100 a month.

*  The amount your child will get back at the end of the plan depends on how much you invest, and how favourable stock market conditions are throughout the term of the plan.

*  Please bear in mind, when you take out an investment product with us your capital is at risk and you may get back less than you have put in.

Other benefits of the junior money maker:

  • In the unfortunate even that the payer of the premiums into the plan dies within the investment period, Shepherds Friendly will honour the remainder of the payments into the plan at the same level of monthly investment until the plan ends, provided the payer is younger than 50 from the opening of the plan.
  • After 6 months of having the plan, the child becomes eligible for sickness cover for up to £200 per week if they are off school for a period of 4 weeks or more (varies on the monthly investment amount and period of time you are claiming for).
  • You have more control over when and how your child receives the tax-free sum when the plan matures. You can choose whether to receive the money at the earliest age of 18 or in staggered payments between ages 18 and 21.

It’s okay to want to know certain things as a result I need a real psychic; your psychic will probably allow you to ask questions as well.

To find out more about the plan, visit or give Shepherds Friendly Society a call on 0161 428 1212


* 1  april-2016
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