Established 1863

Mon-Fri 9:00-16:30

01254 222 700

info@redroseassurance.co.uk

Product Comparison

Product Comparison

Tax Free Savings

Product
Tax Exempt Savings Plan

Stocks and Shares ISA

Junior ISA

Children's Savings Plan

Child Trust Fund
Min prem £10 £500 initial
then £50pm
£50 initial
then £10pm
£5 £10
Max Prem £25
(a taxable version is available if a higher premium is required)
£20,000
for 2017/18 tax year
£4,128
for 2017/18 tax year
£25
(a taxable version is available if a higher premium is required)
£4,128
for the 2017/18 tax year
Min age at outset 17 18 Born before Sept 2002 and still <18  or after 3 Jan 2011 Birth Born between 1 Sept 2002 and 2 Jan 2011
Max age at outset 74 None Born before Sept 2002 and still <18  or after 3 Jan 2011 11 As above
Min term (years) 10 None, but should be considered a medium to long term plan (5 years or more) None, but should be considered a medium to long term plan (5 years or more) 10
(must be 16 or older when proceeds taken)
None, but should be considered a medium to long term plan (5 years or more)
Max term (years) 30
(but must mature before 85th birthday)
Unlimited To age 18 when proceeds can be taken, or it becomes an 'adult' ISA 30 Up to age 18
Fixed term Yes No No
but see above
Yes No
but see above
Flexible contributions No Yes
can add lump sums, amend or stop regular payments and start again later
Yes
can add lump sums, amend or stop regular payments and start again later
No Yes
can add lump sums, amend or stop regular payments and start again later
Life cover Sum assured plus all bonuses added to date of death 101% of the ISA value at date of death 101% of the ISA value at date of death Sum assured plus all bonuses added to date of death 101% of the CTF value at date of death
Transferable No Yes
can be transferred from or to another provider
Yes
can be transferred from or to another provider
No Yes
can be transferred from or to another provider

 

Investments For You

Product
Tax Exempt Savings Plan

Stocks and Shares ISA

Investment Bond
Min prem £10 £500 initial
then £50pm
£500
Max Prem £25
(a taxable version is available if a higher premium is required)
£20,000
for 2017/18 tax year
Unlimited
Min age at outset 17 18 Birth
Max age at outset 74 None 90
Min term (years) 10 None
but should be considered a medium to long term plan (5 years or more)
None
but should be considered a medium to long term plan (5 years or more)
Max term (years) 30
(but must mature before 85th birthday)
Unlimited Unlimited
Fixed term Yes No No
Flexible contributions No Yes
can add lump sums, amend or stop regular payments and start again later
No
Life cover Sum assured plus all bonuses added to date of death 101% of the ISA value at date of death 101% of the Bond value at date of death
Transferable No Yes
can be transferred from or to another provider
No

 

Childrens Investment Plans

Product
Children's Savings Plan

Child Trust Fund

Junior ISA
Min prem £5 £10 £50 initial
then £10pm
Max Prem £25
(a taxable version is available if a higher premium is required)
£4,128
for the 2017/18 tax year
£4,128
for 2017/18 tax year
Min age at outset Birth Born between 1 Sept 2002 and 2 Jan 2011 Born before Sept 2002 and still <18  or after 3 Jan 2011
Max age at outset 11 See above Born before Sept 2002 and still <18  or after 3 Jan 2011
Min term (years) 10
(must be 16 or older when proceeds taken)
None
but should be considered a medium to long term plan (5 years or more)
None
but should be considered a medium to long term plan (5 years or more)
Max term (years) 30 To age 18 To age 18
when proceeds can be taken, or it becomes an 'adult' ISA
Fixed term Yes No
but see above
No
but see above
Flexible contributions No Yes
can add lump sums, amend or stop regular payments and start again later
Yes
can add lump sums, amend or stop regular payments and start again later
Life cover Sum assured plus all bonuses added to date of death 101% of the CTF value at date of death 101% of the ISA value at date of death
Transferable No Yes
can be transferred from or to another provider
Yes
can be transferred from or to another provider

 

Over 50s Plans

Product
Over 50s Plan

Family Group Funeral Plan

Funeral Expenses Plan
Min prem £10 £11.98 £10
Max Prem Sum assured up to £25,000 £59.90
(for £10,000 sum assured)
Sum assured up to £25,000
Min age at outset 50 17
(min age of proposer)
50
Max age at outset 75 69 75
Min term (years) None None None
Max term (years) None None None
Fixed term No No No
Flexible contributions No No No
Life cover Sum assured plus bonuses paid if death occurs after 2 years of start date. Return of premiums if death in first 2 years. Sum assured paid if death occurs after 18 months of start date. Return of premiums if death in first 18 months. Sum assured plus bonuses paid if death occurs after 2 years of start date. Return of premiums if death in first 2 years.
Transferable No No No