Friendly societies specialise in a range of savings and protection products that meet a wide range of customer needs. Many of these products offer unique product features, such as special tax treatment or membership priviliges within the friendly society.
The main product areas we provide are:- Tax Exempt Savings Plans: these products are only available from friendly societies, and allow anyone to invest up to £25 per month in a tax exempt investment.
- Child Trust Fund: friendly societies are the largest sector in the Child Trust Fund market; which is opened with a government voucher of £250 for every child born in the UK.
- ISA (Individual Savings Plans): ISAs are tax exempt products which people can invest a lump sum or regular saving into.
- Income Protection/ Holloway: these products protect people's income if they are unable to work due to ill-health. Friendly society products often include valuable additions such as payments of bonus or cover from the first day of illness.
- Medical/ sickness cover: a number of friendly societies offer products which provide medical expenses cover or cash on illness.