Family Bonds frequently asked questions

Because of the favourable tax treatment, the Government has set maximum limits of £25 a month or £270 per year. You can make these payments by Direct Debit. If you already have one or more TESPs with us you can still apply for another one, and invest as little as £10 a month or £100 a year, as long as you don’t exceed the maximum limits.

The Family Bond is a qualifying policy. There is an overall limit of £3,600 per year that can be paid into qualifying policies that you hold. If you have one of these policies, regular yearly or monthly payments will be made and the policy will have an initial payment term of at least 10 years. The policy will also include some life cover.