Great way to save for a lump sum pay out
Advantages: Tax free savings,Life cover,chice of low payments,Great service and very easy
Disadvantages: n/a.You need to check the payout forecast
...a saving plan called the Scottish Bond, which makes the most of your personal tax free allowance; obviously you can only save up to £25 a month. It runs for a 10 year term and also provides some life cover for my monthly payment it gives £2600 in addition to the final payout, just in case anything should happen. You can save less than the £25 but I chose this as I new I would not notice it each month and I am really looking forward to a nice lump ...
...a larger amount you can pay an annual payment, but again this can not exceed the equivalent of £25 a month (£300 pa).
They offer a free gift once you have paid your first month's premium. I chose £15 M & S vouchers as they are always nice to spend. The plan is meant to be kept for 10 years and although you can take out your money you might not get back the amount you have paid in.
It is so easy to join and they send you a pack with all the information ...
nick979 07.02.2007 · Read full review
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Review of Scottish Friendly Managed Growth Fund
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easy to use and soo attractive (*)