What
does the
Supporter Bond offer?
The Supporter Bond and the Under 16s
Supporter Bond let you use the special Government tax-free
savings allowance that only friendly societies can offer.
This allows everyone to save up to £25 a month free
of Income and Capital Gains tax and is in addition to other
tax-efficient savings you may already have, such as ISAs.
The Scottish Friendly Supporter Bond is a 10 year investment
and is designed to let you take full advantage of your tax-free
savings allowance. Anyone aged 16-64 can pay into one and the
Under 16 version can be taken out for children under the age
of 16. At the end of the ten year term, having paid all your
premiums, you'll end up with a guaranteed cash sum plus potential
bonuses to spend however you wish. Could be ideal to help with
further education or training or setting off on a career. If
you cash in your plan early, you may not get back as much as
you paid in. At the end of the term, your payout will be tax-free.
You should note that the fund in which the Supporter Bond invests
cannot claim tax back from dividend income it receives from
investments in shares in UK companies. Tax law may change in
future.