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Was your child born in the UK between 1st September 2002 and 2nd January 2011? If so, you should read this…

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Savings for Children

If your child was born between the dates above, the likelihood is that they have a pot of money sitting in a Child Trust Fund (CTF) account somewhere.

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The Government allocated between £50 and £250 (up to £500 for low income families) as an initial deposit (depending on your child’s date of birth) and in some cases even made further top-up payments at age 7. So, there could be a pot of over £1,000 waiting for your child, without you even knowing about it!

There are lots of parents out there who are not aware about their child’s government funded CTF.

Initially the government issued vouchers to parents to let them have their own choice of where to set them up, in many cases they were received but forgotten about and in some cases due to change of circumstances people didn’t receive the original communication at all. In these cases, so the child didn’t miss out on their allowance, the Government decided to open the policies for them and these accounts were allocated to a selected panel of providers all over the UK, including Sheffield Mutual.

Whilst the Government contributions have now ceased, the policies still remain in force and will do so until they mature when the child reaches age 18. Currently (as at 07/09/2016) you can contribute up to £4,080 in-between each birthday for your child so you have the potential to build up quite a nice tax-free* lump sum for their 18th birthday.

CTF_C_RGB300DPI-webIf you don’t know where your child’s CTF is held,you can find out by submitting your details here:- http://www.hmrc.gov.uk/tools/childtrustfundclaim/ctfaccount.htm

If you locate your child’s CTF but aren’t happy with where it has been placed, you can transfer to another CTF provider or, you can now also transfer to a Junior ISA (JISA). Sheffield Mutual accepts both CTF to JISA / CTF to CTF transfers and you can find out more here :- http://www.sheffieldmutual.com/childrens-savings

This blog provides generic information and opinions of the writer and should not be relied upon for making investment decisions. No advice has been provided by Sheffield Mutual. If you are in any doubt as to whether a savings or investment plan is suitable for you, you should consider contacting a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk or www.vouchedfor.co.uk . Advisers may charge for providing such advice and should confirm any costs beforehand. *Any reference to taxation is based on the writer’s understanding of current tax legislation and practice, which could change in the future.

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Back to school…

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Web JISA Front CoverThis week the internet and social media has been flooded with pictures posted by proud parents, of their children in their new uniforms on the first day of school!

A new chapter has just begun – one of many. Parents all over the country have been preparing for this one day for months… buying school uniforms, school bags, lunch boxes and mountains of stationery. Organising the school run, perhaps sorting out going back to work or changing their hours. Preparation is key for these major life events, so the earlier you start.. the better!

School is such an important part in a child’s life, all parents want to make sure that their children get a good education to prepare them for future adult life but, just as important, is preparing for the child’s financial future… Soon it will be college to contend with, the cost of books, travel, IT equipment and other required kit can really mount up.

Soon after that, the bank of Mum & Dad becomes even more important,  they’ll be needing help with University fees, a new car or help with a deposit for a house/flat.

By putting the building blocks in place now you will be building the foundations to a bigger and brighter future for your child/grandchild. Helping them to achieve their dreams, knowing that you’ve made preparations and that money shouldn’t be an issue.

Sheffield Mutual has a range of children’s savings plans: Junior ISAs that mature on their 18th Birthday, or if you want a longer term, you can set up one of our Tax-Exempt or Regular Savings plans for up to 25 years – you choose when the child gets the funds.

Plans start from just £5 per monthDownload our free “Saving and Investing for Children” guide today and let Sheffield Mutual help you to prepare for their tomorrow..

Already have a Children’s Savings Plan with us?

The guide will still be useful – we may have another plan for children which you’ve not spotted before. Whether it be a small regular amount you wish to save or a single one off lump sum we could have just what you are looking for…

This blog provides generic information and opinions of the writer and should not be relied upon for making investment decisions. No advice has been provided by Sheffield Mutual. If you are in any doubt as to whether a savings or investment plan is suitable for you, you should consider contacting a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk or www.vouchedfor.co.uk . Advisers may charge for providing such advice and should confirm any costs beforehand. *Any reference to taxation is based on the writer’s understanding of current tax legislation and practice, which could change in the future.

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Pupdate from Support Dogs & Staff Skydive raising over £1,000…

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Support puppy coatBusiness Development Manager Dawn Gregory has now completed her Skydive in aid of Support Dogs – raising a fantastic £1,056! She said

“Having worked with Support Dogs for the last 4 years, seeing the work that they have done and meeting with the people that they have helped, I wanted to go the extra mile (well 3 miles up actually!) and raise as much as possible for this amazing life transforming charity. It is definitely a once in a lifetime experience but I’m so pleased I’ve been able to make a difference.”

Skydive Thumbs up

There’s still time to sponsor Dawn https://www.justgiving.com/Dawn-Gregory3

Support Dogs have sent us an update on some of their partnerships below:-

Gregor and Farley :

We are delighted that our autism assistance dog partnership between 10 year old Gregor and Autism Assistance Dog Farley has qualified this summer. Gregor’s mum explainsGregor and Farley

“Autism can very disruptive, and sometimes our family
could spend so much time split in two, as Gregor struggled leaving the house, with Gregor getting very distressed. So we had to take it in turns to be with him while trying to go with is older sister. Thanks to Farley and Support Dogs, going out together as a family of four for long walks has been amazing. Gregor loves watching Farley run, and having him hold on to Farley’s harness adds an element of safety, as Gregor has no sense or danger or awareness of risks crossing the road.”

Kym and MarleyKym and Marley 2

Three year old red Labrador retriever, Marley was being sold on second hand buy and sell website Preloved, after his owners could no longer look after him and had been living in his family’s garden and was rarely exercised. Support Dogs found his listing and went out to assess him and found he had the potential we were looking for.

Following 18 months of training Marley was paired up with Kym who has a degenerative condition which causes constant pain and greatly affects her mobility, making even the simplest of everyday tasks difficult. Kym said:

“Having a support dog has had such a massive impact on my life. Before I had a dog, I hadn’t left the house for over a year. I had no confidence and my family was worried about me. With Marley I have my life and my independence back and it is all thanks to Support Dogs.”

Fudge

Fudge

Pug Terrier cross Fudge has just been accepted on to our training programme after an 8 week assessment. Fudge came to the charity after being discovered by a rescue centre run by the Blue Cross. Support Dogs recruits dogs from rescue centres and unwanted pets who have the potential to make it as support dogs.

Something for you to watch:-  We recently filmed a lovely 3 minute film about Bobbie and Support Dog Poppy. It shows the amazing impact that your support is making happen to the lives of those affected by a range of disabilities. You can view it at https://www.youtube.com/watch?v=DKMQ13_jaMo

A breath of fresh air National Trust’s Longshaw Event are organising a 10k run every last Sunday of the month. It is free to take part and you can raise sponsorship for Support Dogs in the process. For more details visit www.supportdogs.org.uk or email fundraising@supportdogs.org.uk There are also plenty of other challenges to take part in from cycle rides to Skydiving so please get in touch.

Volunteering We are urgently looking for foster carers, to provide homes during evenings and weekends for our support dogs in training. We are also in need of those who can help raise funds at various local events. If you can help at all with any of this or would like more info please email fundraising@supportdogs.org.uk

Sponsor a support dog From just £4 a month you can sponsor one of our wonderful support dogs and help our work for those affected by autism, epilepsy and disability. You receive a lovely welcome pack with a soft toy and an update 3 times a year. For more details visit www.supportdogs.org.uk

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Focus on the Income Bond…

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  • INC BOND Invest a lump sum between £5,000-£100,000
  • Potential for capital growth through bonuses
  • Take between 2%-5% income – monthly/quarterly, half
    yearly or annually with no immediate tax implications*
  • Capital guarantee after 5 years
  • Current interim bonus rate (@ 06/07/2016) 3%

Bonuses are not guaranteed and depend on the performance of our with-profits fund.

*Based on our understanding of current tax legislation and practice, which may change in the future.

We suggest a minimum term of 5 years, otherwise an early surrender penalty may apply.

Income-Bond - How the income works 20160608_Page_1

Income-Bond - How the income works 20160608_Page_2

Great growth potential for your investment

We invest in a range of low to medium risk assets with the aim of providing higher returns than would be achieved with a bank or building society.
See where we invest your money below:


asset allocation

Web income bond cover

Find out more about Sheffield Mutual’s Income Bond

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This blog provides generic information and opinions of the writer and should not be relied upon for making investment decisions. No advice has been provided by Sheffield Mutual. If you are in any doubt as to whether a savings or investment plan is suitable for you, you should consider contacting a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk or www.vouchedfor.co.uk . Advisers may charge for providing such advice and should confirm any costs beforehand. *Any reference to taxation is based on the writer’s understanding of current tax legislation and practice, which could change in the future.

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Focus on the Investment Bond…

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  • INV BONDInvest a lump sum between £1,000 – £50,000
  • Guaranteed minimum return of at least 103% after 5 years
  • Money is invested in our balanced with-profits fund
  • Open ended term – save for as long as you like*
  • Current interim bonus rate (@ 06/07/2016) 2.75%

Bonuses are not guaranteed and depend on the performance of our with-profits fund.

*We suggest a minimum term of 5 years, otherwise an early surrender penalty may apply and you could get back less than you invested.

Great growth potential for your investment

We invest in a range of low to medium risk assets with the aim of providing higher returns than would be achieved with a bank or building society.
See where we invest your money below:asset allocation

Web Investment Bond Cover

Find out more about Sheffield Mutual’s Investment Bond

social posts-28

This blog provides generic information and opinions of the writer and should not be relied upon for making investment decisions. No advice has been provided by Sheffield Mutual. If you are in any doubt as to whether a savings or investment plan is suitable for you, you should consider contacting a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk or www.vouchedfor.co.uk . Advisers may charge for providing such advice and should confirm any costs beforehand. *Any reference to taxation is based on the writer’s understanding of current tax legislation and practice, which could change in the future.

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Focus on the Investment ISA…

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  • Invest from £300 up to the maximum allowance of £15,240
  • Transfer an existing ISA up to £50,000ISA
  • No fixed term*
  • Potential for tax-free growth through annual and final bonuses
  • Access to your money should you need it†
  • Current interim bonus rate before charges (@06/07/2016) 4.75%**

† If you withdraw from or transfer your ISA during adverse investment conditions you may, in certain circumstances, get back less than you invested. The tax treatment depends on your individual circumstances which could change in the future.

Bonuses are not guaranteed and depend on the performance of out with-profits fund.

*We suggest a minimum term of 3-5 years.

**Charges are 1.5% p.a

Great growth potential for your investment

We invest in a range of low to medium risk assets with the aim of providing higher returns than would be achieved with a bank or building society.
See where we invest your money below:

asset allocation

 

 

Web ISA Front Cover

Find out more about Sheffield Mutual’s Investment ISA

social posts-28

This blog provides generic information and opinions of the writer and should not be relied upon for making investment decisions. No advice has been provided by Sheffield Mutual. If you are in any doubt as to whether a savings or investment plan is suitable for you, you should consider contacting a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk or www.vouchedfor.co.uk . Advisers may charge for providing such advice and should confirm any costs beforehand. *Any reference to taxation is based on the writer’s understanding of current tax legislation and practice, which could change in the future.

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Pupdate… Bobbie & Poppy

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If you’ve been following our blog, you’ll have read all about Bobbie and Poppy – now you can see for yourself the wonderful work that Support Dogs do “Training dogs to transform lives”

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In the current climate..

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Well its proving to be a volatile climate, both in terms of the dreadful summer weather we’ve had so far and indeed the financial and political climate.

With the almost certainty of interest remaining low and possibly being reduced even more, it’s getting more and more difficult to find somewhere safe to invest your money with a decent return. Unless you’ve got a fixed rate plan that has your money locked away, it’s going to be very difficult to get a good return on your investment… even then it can be tricky.

Because Sheffield Mutual pools all it’s members’ money together in one pot, we are able to spread the risk of investment in our with-profits fund, which is managed to provide a low-medium risk investment. The Society implements a smoothing process and invests for the longer-term to make your money work harder.

Sheffield Mutual offers a range of lump sum investment plans, some of which have guarantees after 5 years; follow our blog over the next few days to find out a bit more about each one.

  • Investment Bond – Current Interim Rate 2.75%
  • Income Bond – Current Interim Rate 3%
  • Investment ISA – Current Interim Rate 4.75% less 1.5% charges

Bonuses are not guaranteed and depend on the performance of our with-profits fund.

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This blog provides generic information and opinions of the writer and should not be relied upon for making investment decisions. No advice has been provided by Sheffield Mutual. If you are in any doubt as to whether a savings or investment plan is suitable for you, you should consider contacting a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk or www.vouchedfor.co.uk . Advisers may charge for providing such advice and should confirm any costs beforehand. *Any reference to taxation is based on the writer’s understanding of current tax legislation and practice, which could change in the future.

 

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Pupdate… Rosie and Flash

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Logo Blue BackgroundSheffield Mutual has formed a close relationship with the staff’s chosen charity of the year Support Dogs, and meet up regularly. Danny who is the fundraising manager for Support Dogs, mentioned to that there was a  dog who couldn’t quite complete his special training to become an assistance dog and was looking for a new forever home. Already having 3 dogs myself I couldn’t take him on, so I asked around the office and noticed that Rosie (who works on the member services team) face was beaming, she was straight on the phone to Danny to find out more information and to see if she could go and meet Flash. It was love at first sight and soon Flash was on his way to his new home.

6 months on and Flash is now one of the family…

Flash

Rosie said:-

“As soon as we met Flash we knew he had to come home with us! We can’t imagine life without Flash and he brings us so much joy.

Flash has a special kind of love for soft cuddly toys… so much love that he carries one to bed every night.

We just wish Flash was ours from being a puppy, just so we could have seen him grow up into the loving, funny dog that it is now. We’d like to thank Support Dogs very much for giving us the opportunity to re-home Flash, he really is one of the family and we look forward to creating many more unforgettable memories with Flash.”

Rosie is always coming into the office with stories of what Flash has been up to! Do you have any interesting stories about your pet? Please share them below.

 

Dawn Gregory, Business Development Manager

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Focus on the Income Bond…

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compass

Searching for additional income?

Sheffield Mutual’s Income Bond could be the answer.

  • Invest a lump sum between £5,000 – £100,000
  • Potential for capital growth through bonuses
  • Take between 2% – 5% income – monthly/quarterly/half yearly or annually with no immediate tax implications*
  • Capital guarantee after 5 years

Business Development Manager Dawn Gregory takes a look further into the Income Bond Below.

Income-Bond - How the income works 20160608_Page_1

Income-Bond - How the income works 20160608_Page_2

This blog provides generic information and opinions of the writer and should not be relied upon for making investment decisions. No advice has been provided by Sheffield Mutual. If you are in any doubt as to whether a savings or investment plan is suitable for you, you should consider contacting a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk or www.vouchedfor.co.uk . Advisers may charge for providing such advice and should confirm any costs beforehand. *Any reference to taxation is based on the writer’s understanding of current tax legislation and practice, which could change in the future.

 

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