Introducing Shepherds Friendly, Your Modern Mutual



Welcome back to another fabulous blog post Doshers and a big hello to those that are new here. If you love saving money just as much as you love earning it then you’ve come to the right place.

In today’s blog post we want to introduce you to experts in adult and children’s savings who have been in the game for a very long time. You may have seen the name Shepherds Friendly floating around OhMyDosh recently, not to worry if you haven’t, we won’t be offended... But if you do want to know more about them and how you could get more out of your money then grab a cuppa and have a read.

Shepherds Friendly are one of the oldest financial mutual societies in the world with over 190 years experience behind them. Like we previously mentioned, they’re experts in children’s and adult’s saving along with income protection and over 50s life insurance.

Shepherds Friendly are a modern mutual which means that they are owned by those who have the biggest interest in the company, which in their case this is their members who have invested their own money with them.

The profit they make goes straight back to its members as bonuses on their investments as they don’t have any external shareholders. This also means that, unlike a bank, you have a say in how the society is run.

We know saving for the future can sound a little daunting but with Shepherds Friendly investing doesn’t have to be scary. They have helped generations of members save for nearly 200 years and any money you invest into an ISA will be treated in a responsible and sensible manner with the aim to provide you with the best returns on your investment possible.

If you’re looking to save for the medium to long-term future you might want to take a look at a Stocks & Shares ISA. You can start saving from as little as £30 a month and unlike a normal savings account, it’s exempt from tax meaning your money can go further. The (2019/20) annual ISA allowance is £20,000 which renews every April, the start of the new taxyear. As Shepherds Friendly is a mutual company, they aim to to add annual bonuses meaning you could get back more than what you’ve put in although this isn’t always guaranteed.

If you’re looking to save for your little ones future, it could be worth starting up a Junior ISA. You can deposit as little as £10 a month which they can then withdraw as a tax-free lump sum when they reach the age of 18. This money could be used to put towards their first car or university fees. Starting to save early on in life gives your money more chance to grow, especially if you were to invest it with a mutual like Shepherds Friendly. Do something your future self will be extremely grateful for today.

Past performance is not a guide to how an ISA will perform in the future. Capital at risk.
You should not rely on this information when making financial decisions as no financial advice has been given.


Stocks & Shares ISA - £50 cashback
Junior ISA - £30 cashback

Comments

Jamie John
28th of April 2020 14:52:17
Posted by Jamie John
Yes
Ogieva Best
24th of April 2020 02:15:11
Posted by Ogieva Best
Nice one
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