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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How our Junior Money Maker works

Helping you to understand how the plan works, and where your child’s money is invested.

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How we manage your money

Your money is invested on your behalf, taking away complicated business decisions.

Why should you invest?

The Junior Money Maker is a long-term investment plan, which aims for growth via annual bonuses. Research has shown that historically investing produces higher returns than saving in cash over the long-term*, meaning that your child could receive a higher tax-free lump sum at the end of the plan. Despite this, you should consider that there are risks with investing and that there are no guarantees that your child will get back what you have paid in.

When you child’s investment period comes to an end

When will your child receive their money?

Our Junior Money Maker gives you more control over when and how your child receives their tax-free sum at the end of the plan. This flexibility means that you can choose for your child to receive the money at earliest age 18, or in staggered payments between ages 18 and 21. This enables you to plan payments around your specific goals, whether this is their university degree, their first car, a deposit for their first home or a combination of all.

What might your child get back?

The amount your child will get back at the end of the plan depends on how much you invest, and how favourable stock market conditions are throughout the term of the plan. Below we have provided you with an illustration of what this could look like, based on returns of 2%, 5% and 8%. This example is based on a child aged 5 (next Birthday) at the outset of the plan, with a plan term of 13 years and with an investment of £150 per month, and it after initial charges and annual management charges have been deducted**


**The example we’ve provided is meant to be an illustration of what the investment may be worth. What the child will actually get back depends upon how our investments perform and the amount of sickness claims experienced. The child could get back more or less than this. Do not forget that inflation could reduce what could be bought in the future with the proceeds.

What else is important?

If you die within the investment period

In the unfortunate event that the payer of premiums into the plan dies within the investment period, then we’ll honour the remainder of the payments into the plan at the same level of monthly investment until the plan ends. For this benefit to be honoured, the payer of premiums into the Junior Money Maker must be aged under 50 at the outset of the plan.

If you die within the investment period

Sickness cover for your child

Sickness cover for your child

Your child becomes eligible for sickness cover once the plan has been in force for 6 months, which will cover them for up to £200 per week if they are off school for a period of four weeks or more. The level of this cover varies depending on the monthly investment amount and the period of time you have been claiming for. For more information on levels of cover please get in touch with our Member Services team.


Because we aim for steady growth over the course of your investment period, we apply a process known as smoothing. Smoothing helps us to achieve our goal of paying a bonus into the child's investment each year, by holding onto some of the profit generated in years when investment conditions are particularly good. This means that we have a higher chance of paying a consistent bonus in years when investment conditions are poor, as we have reserves from which to take the bonus. This attitude to investing has helped us to pay a bonus every year since the launch of our Junior Money Maker.


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

*Barclays Equity Gilt Study 2016

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.