Tax-free Savings Plans for adults and children
Who can take out a TFS Savings Plan?
Anyone under age 65, currently employed in the passenger transport industry, their spouses, partners, other family and friends can take
out a plan.
Children can also have a Plan; there is no minimum age but plans must run for at least 10 years.
A Child’s Plan must mature at age 18 or after 10 years. Plans can be taken out by parents, step parents, grandparents or godparents on behalf of the child.
Adult plans> You can choose to save for as long as you like providing it’s for a minimum of ten years and the plan ends before your 75th birthday.
> We pool everyone’s money together and invest it in stocks and shares, government stocks (sometimes called gilts), corporate bonds. Some money is also deposited with major banks.
> Subject to the satisfactory performance of these investments, each year we add a bonus to each policy. The level of bonus can vary from year to year depending on investment performance.
> Each year we will send you a bonus notice to let you know how your policy is progressing.
> It’s important to remember that our savings plans are long-term contracts and if you surrender before maturity you could get back less than you paid in.
For more details and/or if you wish to apply you can download a key features brochure and application form by clicking on the links to the right.
If you have children, stepchildren or grandchildren you can start a savings plan for them.
Imagine how they would feel at 18 having a lump sum to help purchase their first car or start them off at University. The policy works in the same way as the adult’s plan and runs for a fixed period which you decide at the start – minimum 10 years.
To start a children’s savings plan just give us a call – 020 7833 2616 – or download the application form by clicking on the link to the right, complete it and pop it in the post to us.
> click here to view and download our Tax-Free Savings Plans brochure and application
> click here to view and download the Key Features Document for this plan
> click here to apply online now - it’s easy!
TFS is pleased to announce that friends and family of those working in passenger transport can now join by taking out one of our savings plans.