Children’s 10 Year Savings Plan

Give a child a strong financial start

A tax free savings plan for your child's future. Save just £25 a month for 10 years and leave it invested until it's needed

Save from £25/ month

10 Year Term

Can be left to grow beyond 10 years

Start a Children’s Savings Plan Speak to our friendly team

What is a Children's Savings Plan?

Our Children's Savings Plan lets you put money aside for a child's future from just £25 a month. It's a tax-exempt plan, which means Police Friendly doesn't pay tax on the income and capital gains, so we can pay higher bonuses. Only friendly societies can offer these simple tax-exempt savings plans.

After at least ten years, the funds can be paid to the child, or the savings can be left invested and continue growing. It's a meaningful way to give a much-loved child a solid financial foundation.

The plan is ideal for parents and grandparents looking to save £25 per month and build up a lump sum for a child over 10 years. Knowing how much they will contribute but with the flexibility to leave the plan invested until the child reaches 18 or beyond.

We will always make the payments to the child, who will therefore need an account in their own name. Early redemption charges may apply if the plan is cashed in early.

The value of your plan can go down as well as up and the child may get back less than you have paid in if withdrawn before 10 years.

Start a Children's Savings Plan Speak to our friendly team

At a glance

£25 per month
10 Year Term
Can be left invested to grow with further annual and final bonuses
Early withdrawal allowed but child may get back less than you have paid in
Funds must be paid to the child on withdrawal

Quick links

Jargon Buster Police Pay Guide

Made for the Police Family

Better protection

Our policies are fully protected by the Financial Services Compensation Scheme (FSCS). Designed to keep your savings safe if a provider fails, giving you peace of mind.

Built for the Police Family

A Friendly Society serving the UK Police Family for 130+ years.

Member-owned

As a mutual, all profits are returned to Members through bonuses and in support of the wider Police Family.

All serving and retired Police Officers, Staff and their families are eligible

How it works

Start saving for a child's future with a simple, tax-exempt plan. You pay a fixed amount each month, their savings grow with annual bonuses, and after 10 years they receive a guaranteed lump sum.

Open a plan for your child

Apply online or speak to one of our friendly team who will be happy to help.

Save £25 a month

You pay a fixed £25 per month for 10 years by salary, pension deduction (where available) or by direct debit.

The child receives their lump sum

Premiums stop after 10 years and the child can access the funds together with the bonuses added or remain invested for as long as they wish.

Key Information

Before you apply for a Children's Savings Plan, please read the key information below.

Key Information Document

Full product information including charges, deductions, and how bonuses work.

Download PDF

Application form

Your Children's Savings Plan application. You'll need to provide a copy of the child's birth certificate.

Download PDF

30-day cooling-off period

You have 30 days from opening the plan to change your mind. If you cancel within this period, you'll receive a full refund of any contributions.

Early withdrawals

Early redemption charges may apply if the plan is cashed before 10 years. Therefore the child could get back less than the amount paid in (particularly during the early years).

As a NARPO Member, I’m proud to say that Police Friendly & Metfriendly has delivered financial security for me and my family.

Craig Haslam, DL FGPT, Retired Chief Superintendent

Your presenters were really good and explained what can be complicated and complex matters, in a simple and easy to understand format.

Pre-retirement seminar attendee

Little bits of saving down the line can make a huge difference to your family, whatever the future brings.

Emma Richards, third generation Retired Police Officer, Police Friendly & Metfriendly Non Executive Director

I have always been pleased with the returns from my Police Friendly & Metfriendly Policies.

Mr P Payne

With the Government’s Lifetime ISA bonus and my family chipping in, I was able to buy my first home sooner than I ever dreamed.

Mr B

Great opportunity for family Members to be offered the same offers as Members.

Miss A McLeary

Contact us directly

Get free, personalised guidance on your savings and investment options.
For serving, former and retired Police Officers, Staff and their families.
A 20-30 minute session with one of our friendly team.

Call us today

08:30 to 17:00 Monday to Thursday and 08:30 to 16:30 on Friday.

01689 891454

Send a message

Get in touch using the email below or fill in the form to get a call back.

info@mpfs.org.uk

Office

MPFS, Central Court,
Knoll Rise,
Orpington
BR6 0JA

Get directions

Request a callback

Want to talk to one of our friendly team about your options? Drop your details on the form below and we will get in touch.