PMAS Regular Savings

Frequently asked questions

If you’ve got a question which isn’t answered here, please contact us.

You can find out more information on the product information and the key features pages.

What is the Regular Savings plan?

Who can apply?

What documents do I need for verification of identity?

What life insurance is included?

What is the plan term?

How long will it take to complete the application?

What do I need to decide before completing the application?

I don't know my height in metres/centimetres - how can I convert this?

I don't have any other plans with Police Mutual - how do I know if my force allows deductions from salary/pension?

How do I apply?

After I have applied - who do I contact for updates?

What is the Regular Savings plan?

Regular Savings is a Police Mutual with-profits savings plan, with a term of between 10 and 30 years. Because you can invest the money for a long time – and you know you’ll get a cash lump sum at the end – it’s ideal for saving for special occasions like birthdays or anniversaries.

You can also start more than one plan, so you get a cash lump sum each time a plan comes to an end.

Who can apply?

Anyone who is eligible to apply for a Police Mutual plan can apply. Find out if you're eligible here.

What documents do I need for verification of identity?

To comply with money laundering regulations, we may carry out an on-line identity check with a reference agency when you apply. The agency will add a note to your credit record to show that an identity check has been made, but this information will not be available to anyone else and will not affect your credit rating.

You can find out more about why we need to check your identity on the Financial Services Authority website.

What life insurance is included?

  • Our savings plans include life cover. The guaranteed minimum payout plus all added bonuses will be paid in the event of the death of the person who is covered by the plan
  • The life cover payable depends on your age, the amount of your payments and the length of the term
  • If we pay out the life insurance the plan ends and has no further cash value

What is the plan term?

The plan term - or term of plan - is the period of time that the plan will be active. You can choose for a plan term of between 10 and 30 years.

How long will it take to complete the application?

If you’ve read through all the supporting literature before you begin to complete your application, and have necessary information to hand, the application should take no more than 10 minutes.

What do I need to decide before completing the application?

  • The amount you want to save each week/month, or the guaranteed minimum value you’d like to receive at the end of the term
  • The term of the plan

I don't know my height in metres/centimetres - how can I convert this?

To work out metric measurements from imperial, use our height/weight conversion calculator.

I don't have any other plans with Police Mutual - how do I know if my force allows deductions from salary/pension?

We have a full list of all forces offering deductions from your salary or pension.

How do I apply?

Before applying, make sure you’ve read the product information and the key features pages. You’ll need to have your bank details or payroll number to hand.

You can:

You may also have to provide details of your medical history and your height/weight in metric measurements. If you only know the imperial measures, use our conversion calculator. We may also need your GP’s details.

After I have applied - who do I contact for updates?

We will treat your application as a priority. If you have any questions about the processing of your application, please contact us on 0845 88 22 999.

Why Police Mutual?

  • We’ve been helping the Police Family get the most from their finances for over 80 years.
  • We’re dedicated to providing the best possible products and services, designed to meet the needs of you and your family.
  • We put your interests first, so you can be confident in your finances now, and in the future.