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Child Tax-Exempt Savings Plans

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Did you know that Children's Tax-Exempt Savings Plans (TESPs) also provide a long-term, tax-free way to save for your children's future?


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to find out more about a tax-efficient way to build up a nest-egg for your child in addition to a Junior ISA, and compare providers.



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Engage Mutual Tax Exempt Plans (Tesp) Reviews

 

Average Golden EggNest Ratings from 1 reviews 
(4 out of 5)

Asda/ Engage Child Trust Fund ReviewsAsda/ Engage Child Trust Fund ReviewsAsda/ Engage Child Trust Fund ReviewsEngage Child Trust Fund Reviews

Asda/Engage Child Trust Fund (CTF) Reviews

 

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Website: www.engagemutual.com
Good Points: Extremely easy to get on to their website , The website was very well laid out and the essential information that i would expect to be made available to a customer was there and clear and precise. The whole process of setting up the TESP was very quick and I encountered no problems.
Bad Points:  The documentation took a bit longer than I would have expected but this may just have been down to the post office. 
First reviewed: 20 Wednesday May, 2009 by Jaspal
The Tax Exempt Savings Plan (TESP) do not seem to be heavily advertised and overshaowed by CTF'S. Also i did find it difficult to get information on the current performances of Friendly Societies who offered TESP's . This may have been because it is all lumped in with CTF's.
Jaspal's Golden EggNest Rating (4 out of 5): Engage Child Trust Fund ReviewsEngage Child Trust Fund ReviewsEngage Child Trust Fund ReviewsEngage Child Trust Fund Reviews

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Lump Sum Investments

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Family Investments

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Unit Trusts for Children

Whatever your children or grandchildren dream of doing when they grow up, why not indulge more than their imagination?

Whether they want to travel the world or step onto the first rung of the property ladder, fund their way through university or organise the wedding of their dreams, you can give them a great start in life by investing for their future with a Legal & General unit trust.

And whether you have a little to invest or a lot, if you start now you could begin to grow a fund that will help you give your child a great financial start in life.

Legal and General's Investing for children

Providers with Unit Trusts for Children
F&C's Investing for children


Tax Exempt Saving Plans (TESPs)

One of the best ways to save for your children's future is the Tax-Exempt Savings Plans (TESPs) from friendly societies. TESPs offer parents a simple way to save up to £25 for each family member per month in addition to, or instead of, a CTF.

TESPs can help you build up a lump sum for any child through small regular payments. You choose when the money is available for them, but the policy must run until they’re at least 16 and run for a minimum of 10 years.

TESPs are available for every member of the household so a family of four could save up to £100 a month tax-free and, provided the TESPs have been set up in the parent's names, the money remains firmly under their control. In addition, the flexibility of TESPs mean that they can be set up to mature at different points in a child's life.

Providers with TESPs
Engage Mutual Assurance