You can only pay a combined amount of £25 a month or £270 a year into friendly society tax-exempt savings plans. This does not include any payments you make on behalf of a child into a Junior Bond or similar children's tax-exempt savings plan.
Please confirm below whether you are currently paying in to another friendly society tax-exempt savings plan. This includes any other Family Bonds you might hold with OneFamily.
If you aren't sure how to answer this question, please get in touch with us on 0800 731 7433†.
This Family Bond is also a type of qualifying policy. You have a limit of £3,600 a year on the amount that can be paid into qualifying policies where you are the beneficiary. Payments into this Family Bond will count towards your limit.
A qualifying policy must have an initial payment term of at least 10 years and receive regular payments on a yearly or monthly basis.
The payment amount and the payment term you choose at outset will determine the level of life cover you will receive.