Before you begin...
Thank you for choosing Shepherds Friendly to save for the future of
a child you love with our University Savings Plan. Before you start the application please read our Important Information document and the following documents below, and once done, press ‘get started’
Key Features and How we manage your money documents before
starting your application
Please confirm you have read the
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.
In order to complete this application you will need the following:
If you are not the child’s parent or legal guardian, you will need
some personal details for the child’s parent or legal guardian,
including their name, date of birth and address
If you are not the child’s parent or legal guardian, then the parent
or legal guardian will have to give consent online within the application
process for you to open the plan
Details of whether the child has ever suffered an illness or disability
that lasted for one month or longer and that medical or surgical treatment
was required for
Identification for the child you are opening the plan for. This could be either
a passport number, a birth certificate number, or an NHS medical number. If you
do not have any of these, then just select ‘not supplied’.
The bank account number and sort code of the account you wish to make
payments into the University Savings Plan from.
In order to be eligible for your cashback you will need to complete the application online.
Please remember that your cashback will be validated a minimum of 90 days from the date your first premium is received,
and will become payable no earlier than 120 days from your application.