Tax relief is icing on cake of friendly society offers

friendly societies

Although friendly society products have not done well in the past they offer potentially higher returns than investments such as a building society children's account and are generally exempt from income and corporation tax

Friendly society investments should continue to play a role in any investment portfolio, because of the performance track record linked with a tax-free guaranteed return on more traditional with-profits offerings. For a modest regular premium, clients can be given access to mutual organisations which, from historic past performance data, still continue to outperform their PLC counterparts. With the inclusion of the new government initiative - that Child Trust Fund - a number of these organisations are emerging as front runners in the new low-charged world that advisers find themselves in...