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Tax-Exempt Savings Plan

Save regularly. Grow tax-free.

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Looking for a simple, tax-free way to save for the future? A Tax-Exempt Savings Plan offers a guaranteed return with the potential for extra bonuses — all while helping you stay disciplined with regular contributions. It’s a great option for long-term savers who want peace of mind, steady growth, and a little something extra when the plan matures.

A Tax-Exempt Savings Plan is a straightforward way to build a tax-free lump sum over time. By making regular payments over a 10-year period, you'll receive a guaranteed minimum return, with the potential for additional growth depending on the performance of the investment fund.

Enjoy long-term savings growth with the possibility of tax-free bonuses along the way, all within the limits set by HMRC. You can start with as little as £9 a month (or £100 a year), up to a maximum of £25 a month (or £270 a year). Simply choose the amount that works for you and stick with it for the full term.

At a glance

  • Save a fixed monthly amount for 10 years

  • Choose a monthly payment between £9 and £25

  • Guaranteed lump sum at end of term

  • Additional bonuses may apply depending on fund performance

  • Tax-free lump sum

  • Optional life cover (reduced guaranteed lump sum)

  • This product is protected by the Financial Services Compensation Scheme (FSCS) up to 100% of your claim.

Terms and conditions apply
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Tax-Exempt

Additional tax-free allowance on top of your annual ISA allowance.

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Life cover option

You can choose to add life cover for added peace of mind.

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Tax-free bonuses

You could receive extra bonuses depending on the fund’s performance — all free from tax.

Please review the documents below to ensure the Tax-Exempt Savings Plan is suitable for you. Be sure to read the relevant documents based on whether or not you require Life Cover.

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Need to speak to someone about our Tax-Exempt Savings Plan?

Our friendly customer service team is available to discuss any questions.

If you need financial advice

If you're unsure whether a product is right for you, it's worth speaking to an Independent Financial Advisor (IFA).

You can find a local advisor at unbiased.co.uk. Keep in mind that financial advice may come with a fee, so be sure to ask about costs before receiving advice.

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