#Long term savings planner full#

To take out a Rolling Plan tick the relevant box in the application form. Past performance is not a guarantee of future returns.

The image below gives an example of how the rolling plan works. you will only be able to open new plans until you reach age 55 (50 for a smoker).and every January thereafter you will receive a pay-out for as long as you wish to carry the Rolling Ten Year Savings Plan on.early the following January your second plan will mature, again paying you the sum assured plus any annual bonuses and normally a final bonus – Christmas and holiday costs sorted again!.we’ll start a new plan for you after the first ten years to replace the matured one – that way you’ll continue to have ten plans running.after ten years your first plan will mature paying you the sum assured plus any annual bonuses and normally a final bonus, in good time to help you with the Christmas credit card bill or help towards a holiday.after ten years you will have ten plans running for a total premium of £250 per month.each subsequent year you begin another plan at £25 per month.you begin a Rolling Ten Year Plan in January at £25 per month.This example shows how you may set up a Rolling Plan to get a pay-out every January to help with Christmas credit card bill or holiday planning. you can opt out of the Rolling Plan at any time.These can be big or small, short- or long-term, such as: Create an emergency fund. ideal for regular yearly expenses such as your annual holiday, Christmas or the start of the school year Before you start, make a list of the financial goals you are working toward.after ten years your plans begin to pay out every year.a new plan automatically begins each year.

#Long term savings planner full#

See “ What is the Rolling Ten Year Savings Plan?” below for full details. This can be set up automatically and is known as the Rolling Ten Year Savings Plan and means that after ten years you will start receiving a pay-out every single year – ideal for regular annual events like Christmas, school fees or holidays. Many of our members also choose to start new plans every year. Watch this video for a quick summary of our Ten Year Savings Plan. The tax-exempt part of your savings will be issued as a separate contract. NOTE: You can request the first £25 of your monthly premium to be tax-exempt if you are not paying into a tax-exempt plan elsewhere.

‘Rolling Plan’ option gives you a pay-out every year (after the first ten years).

after 10 years, you can get the total value of your plan paid to you or leave it invested with Metfriendly to grow.

Metfriendly does not pay tax on the income and capital gains made for the Tax Exempt Plan – so we can pay higher bonuses.

your first £25 a month savings can go into a Tax Exempt Plan.

your savings earn annual bonuses and normally a final bonus on encashment.

If you want a simple, long-term savings plan that you can’t dip in and out of then this is ideal for you.