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A simple, long-term family savings plan - our Family Bond

Invest your money for at least 10 years and get back a tax-free lump sum

Available to 16-74 year olds

Invest £25 per month or £270 per year

You can have a Family Bond as well as ISAs

Includes life cover

A friendly society bond for a better tomorrow

Just imagine what you could do with a tax-free lump sum in 10, 20 or 25 years’ time. You could use it to buy a new car, pay for home improvements or treat your family.

What is a Family Bond?

A Family Bond is a simple and tax-efficient way of regularly investing your money over the long term – you can choose to invest £25 each month or £270 each year, and as long as you keep up payments and keep it invested for at least 10 years, you won’t pay tax on the proceeds.

Our Family Bond also comes with some life cover, which pays out 75% of the total premiums payable over 10 years. If the value of your Family Bond is higher, we will pay that instead.

What is a Tax Exempt Savings Plan (TESP)?

Our Family Bond is a Tax-Exempt Savings Plan, a tax-free savings plan that is unique to friendly societies like us. Our Family Bond invests in stocks and shares which means you could see more growth than cash over the long term. When you invest, your capital is at risk as the value of investments can go up and down.

A tax-free savings plan in addition to your ISA allowance

You can use a Family Bond’s without using up any of your yearly ISA allowance. You can invest a maximum of £25 each month or £270 each year in addition to your £20,000 ISA allowance, without having to pay tax on what you get back.

You can get more information by viewing our FAQs.

family-bond-heart-hands-485x800

Why invest with OneFamily?

We make a difference

Since 2015 we’ve given over £4m to our customers, communities, charities and good causes across the UK

Great customer service

92% of customers who contact our UK-based call centre are happy with the service they received

Experienced and trusted

We’ve over 40 years’ experience in helping families make the most of their money

We help 1 in 12 families in the UK

We look after over £7 billion for more than 2 million customers in the UK

One simple investment option

The Family Bond invests into our Family Global Fund

Family Global Fund

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  • Invests in equities because we believe there is good potential for growth over the long-term
  • Also invests in bonds, property and cash to reduce risk
  • Invests into household names including GlaxoSmithKline and AstraZeneca

What else should I know?

The Family Global Fund invests around 71% of your money into company shares, with the rest into less risky fixed interest investments, making this a lower risk investment option.

This product has to be invested for at least 10 years to be tax-free. You can withdraw your money before the 10 years have passed, but you may have to pay tax and a withdrawal charge, and you could get back less than you have paid in.

If you don't continue to make the planned payments for at least 10 years any growth on your investment will be taxable.

Before you invest, it’s important to remember:

  • Our Family Bond invests in stocks & shares so its value can go down as well as up meaning you could get back less than was paid in
  • The money your investment earns is free from income tax and capital gains tax, as long as you keep it invested for at least 10 years. Tax rules may change in the future
  • There’s an annual £3,600 limit you can pay into ‘qualifying policies’ like the Family Bond – you’ll need to make sure you can make these payments without going over the limit
  • Our Family Bond includes life cover

Apply online now

By clicking apply and starting the application you confirm you have read and agree to the Important Information and Key Information documents.

Apply online


If you prefer, we can post you our full application pack, for you to read and share with your family members. Request a pack

You can also apply over the phone. Call us free on: 0800 731 7433*

*We'll be here from 9am to 7pm Monday to Friday and 9am to 1pm on a Saturday. We might record your call to help improve our training and for security purposes. We hope you don't mind. Calls to 0800 numbers are normally free from UK landlines and mobile phones.