Tax Exempt Savings
The UK government allows you a tax-exempt savings allowance when you save with a friendly society meaning you can make tax exempt savings without paying tax on any growth of your hard earned cash.
This is in addition to your tax-efficient ISA allowance & will not affect that.
Tax-exempt friendly society savings plans are available to all UK residents aged from 16 to 74.
* Tax-free cash pay-out after 10 years
* Built-in life cover of up to £2,250
* No initial charges, so more of your savings have the chance to grow further.
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