Currently the Government lets everyone (adult or child) save £25 a month in a tax free savings plan.

These plans are only available from Friendly Societies like Teachers Assurance and this little publicised tax break offers uncomplicated, tax-efficient, investments, which are ideal for savers looking to commit to putting money away for 10 years or more.

Is now a good time to save?

Planning ahead during these volatile times can be difficult when for many of us our priorities are to hold on to our money.

Whilst we do not have a crystal ball to hand, we will have some expectation of future events - the purchase of a new car or holiday, our children or grandchildren attending University, getting married, buying a house or our retirement. Most of us will face some or all of these events at some point in our lives, and it makes sense to make sure you utilise your personal tax free savings allowances. The Teachers Assurance Tax Free Savings Plan offers you peace of mind:

• A minimum guaranteed return of your premiums at maturity (so long as premiums have been maintained). This important safeguard means you get the benefit of potential growth from investing in a stock market-linked fund, without some of the associated risks.
• The opportunity to invest with a mutual organisation. Teachers Assurance have no shareholders to pay which means all our profits are reinvested for members who entrust their money to us.
• A secure home for your money Teachers Assurance is well-capitalised and financially strong - we have been providing financial products to those in the education sector since 1877.

This tax concession could be withdrawn at any time in the future.

You should be aware that this is a stock market related investment so its value can go down as well as up and if you cash in early you may get back less than you paid in.

>> More on our Tax-Free Savings Plan