You can make monthly payments of £25.00 or £12.50 for the full
payment term. If you start with £12.50 a month now, you can top
that up with another plan for £12.50 at a later date. You can only
pay by Direct Debit – unfortunately we are not
able to deduct from salary.
Anyone can make the payments on the child's
behalf. However, the parent named on the application form has
control over the plan until the child reaches sixteen, regardless
of who is paying.
A Children's Bond is the property of the child
at all times. Once the child reaches sixteen they will have control
of the plan and all correspondence will be addressed to them.
Guaranteed
minimum payout illustration
| |
|
Initial sum
assured |
| Age next birthday |
Payment Term |
£25 monthly |
£12.50 monthly |
|
1 |
16 years |
£3,480 |
£1,680 |
| 2 |
15 years |
£3,265 |
£1,575 |
| 3 |
14 years |
£3,045 |
£1,470 |
| 4 |
13 years |
£2,830 |
£1,365 |
| 5 |
12 years |
£2,610 |
£1,260 |
| 6 |
11 years |
£2,395 |
£1,155 |
| 7 to 16 |
10 years |
£2,175 |
£1,050 |