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A Children's Bond can be started at any time before your child's sixteenth birthday. Payments are made for a minimum of ten years or until the plan anniversary after the child's sixteenth birthday, whichever is the longer period.

In addition to the guaranteed minimum payout the plan may earn regular bonuses. Once added, these become guaranteed and cannot be reduced or taken away as long as the plan runs for its full term. All bonuses depend on the performance of the fund.

At the end of the payment term your child will receive a payout or can leave their investment with the Society, where it will grow in line with average monthly bank rates. 

Your money is invested in the Police Mutual Life Fund. The Life Fund invests in a mix of assets such as company shares, property, bonds (which are a type of loan to governments or companies) and cash.

The Life Fund is managed by a team of investment professionals who aim to take advantage of the performance of these different assets.

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

The Children's Bond includes built-in life cover. Should the child die before the plan ends we will pay the guaranteed minimum payout, plus all bonuses added to date.

Police Mutual also offers a Child Trust Fund - a long-term savings account for the £250 (or more) given free from the Government.

The Government will send a voucher directly to the child's parents or guardians, which must be invested with a registered Child Trust Fund provider.

Anyone can then pay into the child’s fund – up to £1,200 in total each year – until the child is 18, when he or she gets access to the money.

For more information, see the Child Trust Fund section of this site.

You can also save for your children and grandchildren through a low cost and flexible Stakeholder Pension.