Junior Money Maker

A tax-efficient child savings plan with a difference helping their dreams come true from £100 a month

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Save for their future with a plan that offers you greater flexibility

Our Junior Money Maker is a long term savings plan of ten years or more that could help create a brighter future for your child, whatever their dreams maybe - an apprenticeship, travelling the world or starting university.

You can save in regular set amounts of £100, £125, £150, £175 or £200 a month up to a maximum of £2,400 a year to provide them with a tax-free lump sum between the ages of 18 and 21. There are additional benefits too including flexibility to suit their needs, a tax-free sickness benefit and peace of mind should the worse happen during the term of the plan.

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Just look at the extra benefits our plan offers:


Flexibility so you help them stay in control

Whether you're saving to help with university costs, a first car, a house deposit or their dream travelling trip, at the end of the plan, there is the option for the child to receive the full tax-free lump sum or stagger the payments on an annual basis to suit their requirements. Any remaining amount in their plan on their 21st birthday is paid directly to the child.


Tax-free sickness benefit

The Junior Money Maker is a “Holloway” plan, which is a type of insurance plan that provides both savings and sickness protection. If your child falls ill during the course of the plan and is unable to attend school for four weeks or more, you'll receive up to £200 a week in sickness benefits to help with any costs incurred during that period.


We'll maintain the investment if the worst happens

No one likes to think about dying but in the unfortunate event that the premium payer dies during the term of the plan, Shepherds Friendly offers peace of mind that we will continue to pay into the plan at the same monthly investment level until the plan is ready to mature. Please remember THAT to receive this benefit the premium payer must be aged 50 or under at the time of application.

Find out more about our Junior Money Maker

higher growth potential

Higher growth potential

Investing for your child offers greater potential to grow your money over the long-term than saving in a cash account. We’ll aim to pay an annual bonus, the value of which will depend on how well your investment has performed, but we need to remind you that this is not guaranteed. Your can read more about how we invest and the possible advantages of that here.

long-term outlook

Long-term outlook

The Junior Money Maker is available to any child aged under 11, and the earliest they can access the money is age 18. This means that there is a long-term outlook to the plan, helping you to build a significant tax-free lump sum.

available to any child

Available to any child

Some children are limited in their savings options if they already have certain plans like the Child Trust Fund. Our Junior Money Maker is available to all children, as long as they live in the uk and are aged under 11.

anyone can open the plan

Anyone can open the plan

You don’t have to be the child’s parent or guardian to open the plan. It’s available to extended family too, provided you get consent from the child’s parent or guardian within the application process.

added tax-efficient investing

Added tax-efficient investing

Our status as a friendly society allows us to offer additional tax-efficient saving opportunities, not available to some other companies. In short, you can’t get the same tax advantages offered by our Junior Money Maker at your bank.

our members love us

Our members love us

Our commitment to our members and to mutuality includes putting the interests of our members at the heart of every decision we make. This is why they have rated us as ‘excellent’ and why 9 out of 10 of our members would recommend us to a friend. You can see more member reviews here.

we're a mutual

We’re a mutual and we’re here for you

From our excellent customer service where you’ll always speak to a real person*, through to the fact that you get a say on how the company is run, we know that our members feel valued and get an experience that they expect from a modern mutual society with almost 200 years worth of experience.

Free shopping voucher when you take out a plan

Love 2 Shop

Apply for a Junior Money Maker and we’ll send you a Love2Shop voucher code
worth up to £50 when you’ve made your first payment.

Click here for terms and conditions.

Need more information?

You can use the tabs at the top of this page to find out more about the plan.

If you still have questions about the plan then we’ve put together a useful list of FAQ’s.

Otherwise, please feel free to get in touch with our Customer Service team who will be happy to answer any questions you have or to run through the application with you.

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0800 526 249

Email Icon [email protected]

You can call us any time between 9am - 5pm Monday to Thursday or 9am - 4pm Friday.

Ready to get started?

Before you start your application, please make sure that you have read and understand the following documents:

When you’re happy with your understanding of how the plan works, then you can get started with your application.

Start here

*During normal working hours; Monday to Thursday, 9am to 5pm and Friday, 9am to 4pm

Important things to consider

  • How the investment performs may vary during the term of the Plan. Because of this the child could receive a higher or lower sum than you expect at the end of the plan and may not get back as much as you have paid in.
  • The amount of bonus paid each year is related to the investment performance of Shepherds Friendly’s funds and the total amount of sickness benefit paid out to all customers who have this type of Plan. Therefore the bonus may fluctuate from year to year throughout the term of the Plan.
  • In poor investment conditions we may apply a Market Value Reduction (MVR). This could mean you get back less than you have paid in.
  • If the Plan is stopped and money is taken out at any time before the end of the Plan you will have to pay a surrender penalty.
  • The tax treatment of these Plans could change in the future.

When you take out an investment product with us your capital is at risk and you may get back less than you have put in. All references to taxation are to UK taxation and are based on Shepherds Friendly Society's understanding of current legislation and H M Revenue and Customs practice which may change in the future. Investment growth is by means of bonuses, the amount of which cannot be guaranteed throughout the term of the contract. Please ensure that you read the full terms and conditions of this plan which are available from your financial adviser or by contacting us directly.

Please note: No advice has been provided by Shepherds Friendly. If you are in any doubt as to whether a plan is suitable for you, we recommend getting in touch with a financial adviser, who will be happy to take you through what options are available. Should you consult a financial adviser there could be a cost involved and you should confirm this cost beforehand.