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Investing for children

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Nurturing the future - investments for children

NFU Mutual has a range of savings and investments that could be used to give your children or grandchildren a flying start in life.

The way you save and the type of plan you choose will depend on many factors. These factors include how much you wish to save, for how long, and whether you have a cash lump sum or will be saving out of your income.

Below is a brief overview of some of NFU Mutual’s savings and investment options that you could invest in for your children or grandchildren.

Our Financial Advisers* will listen to what investment goals you have and use their expertise to recommend what suits your needs.

LET'S TALK

You should be aware that the value of your investment and any income from it may go down as well as up and you may get back less than invested.

Tax treatment depends on individual circumstances and may change in the future.

Different types of investment

Flexibond

The NFU Mutual Flexibond is an affordable and flexible savings plan.

Choose the way you save - you can make regular payments from as little as £25 a month and/or lump sum contributions of £1,000 or more. You can also stop, re-start, increase and decrease payments whenever you choose.

Choose a fund to fit with your investment objectives and attitude towards risk.

The Flexibond is a medium to long-term investment, to be held for at least 5 years or more.

For more information see our Flexibond page.

NFU Mutual ISAs

You can invest up to £15,240 in the 2016/17 tax year into an ISA if you have not already done so.

In an ISA fund, your money has the potential to grow in a tax-efficient environment.  Although an ISA cannot be put into trust, you can still use the proceeds however you choose, and can therefore put them aside for the benefit of a child.

Under new rules you can split the ISA allowance as you wish between a Cash ISA and a Stocks & Shares ISA. The new flexibility also means that you can transfer from a Stocks & Shares ISA to a Cash ISA, and vice versa. Under previous rules you could only transfer from a Cash ISA to Stocks & Shares ISA.

You can contribute from £25 a month into an NFU Mutual ISA and can choose from a number of funds in the NFU Mutual Select ISA, or you can invest in the Shrewd Savings Plan ISA which is a with-profits ISA investment. NFU Mutual's ISAs are Stocks & Shares ISAs and are medium to long-term investments designed to be held for five years or more.


NFU Mutual does not currently provide a Junior ISA or Cash ISA investment product. 

 

NFU Mutual Select Investment Plan

The NFU Mutual Select Investment Plan allows you to invest in a range of stocks and shares.  This might be useful if you have already maximised your ISA allowance for the current tax year.

This plan is a medium to long term investment, designed to be held for 5 years or more.  If you cash in your investment you may get back less than you invested. We have a number of funds with varying levels of risk to suit investors with different attitudes to risk.

You can invest from as little as £25 a month or £1000 lump sum, and have the option to invest on behalf of a child. For more information see our Select Investment Plan page.

NFU Mutual Personal Pension Account

Up to £2,880 (net) per child, per tax year can be contributed into a pension. After allowing for tax relief at the basic rate, this equates to a gross amount of £3,600.

This works because the parent or grandparent (donor) is effectively making a gift to the member of the pension plan. The donor cannot claim any tax relief at all on these contributions as they are simply treated as being a gift.

The funds will also benefit from the favourable tax treatment enjoyed by approved pension funds during investment and at the date the child is able to retire.

For more information see our Personal Pension Account page.

The tax treatment of pensions and the value of any reliefs depends on individual circumstances and is subject to change.

Take the time
to talk to us


Our Financial Advisers* will guide you through the things you need to consider when investing your money.

LET'S TALK

* Please note

When you contact us we'll explain the advice services we offer and the charges. NFU Mutual Financial Advisers advise on NFU Mutual products and selected products from specialist providers.

For security and training purposes calls may be recorded and monitored.