Foresters
simple and
straightforward
savings

Thank you for considering a Forester Life Savings & Investment Plan.

The Forester Life Savings & Investment Plan is designed to provide flexible terms, low charges and medium to long-term growth in risk-controlled funds. If you are not eligible for the Forester Life Individual Savings Account (ISA), or you want to invest more than the maximum ISA limit, our Savings & Investment Plan offers a straightforward, low-cost way for you to build up regular savings and/or single contributions. As a mutual organisation, Foresters always has its members’ best interests at heart and is driven to share, not shareholder driven.

Even if you already have a Cash or Stocks and Shares ISA, you can still have a Savings & Investment Plan.

Some of our benefits include:

  • No fuss, no hassle; it’s simple and straightforward
  • No maximum amount, save and invest as much as you want
  • Apply and manage your account online
  • Save from as little as £20 a month, make single contributions, or both
  • Ability to change contributions or make withdrawals at any time
  • Capped annual management charge. No other charges to you
  • We automatically increase your regular savings each year to help keep pace with inflation

Did you know?

  • You can open a Savings & Investment Plan regardless of any ISAs you may have
  • You can save from as little as £20
  • You are eligible for the Forester Life Savings & Investment Plan if you are aged 16 or over
  • The Forester Life Savings & Investment Plan has no specific term, however you should aim to invest for at least five years
  • There is no maximum savings limit
  • You can have multiple Savings & Investment Plans for different savings goals

Important Documents

Key Features for our Individual Savings Account

Key Features

View the Key Features of our Savings & Investment Plan
Download now >

Terms and Conditions for our Individual Savings Account

Terms & Conditions

View the Terms & Conditions of our Savings & Investment Plan
Download now >

As with all stock market investments, the value can go down as well as up and you could get back less than you paid in.


Already have an online account?

Sign in to My Plans and make it easier to open and topup your plan.
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Quick and easy to apply.
What you’ll need:

  • Your bank details
  • Your Debit Card (if you wish to make a single contribution this way)

What might I get back from my Plan?

If saving for yourself or your family, a lump sum in the future could make a difference whether it is funding university for the children or a round the world trip for yourself. Take a look at the illustrations below to get an estimated fund value so you can see what could be available in the future.

 

Monthly
Amount
Fund Value After
5 years 10 years 20 years
£50 £3,390 £7,750 £21,000
£100 £6,780 £15,500 £42,100
£250 £16,900 £38,700 £105,000
£500 £33,900 £77,500 £210,000
£1,250 £84,800 £193,000 £527,000

 

Single
Amount
Fund Value After
5 years 10 years 20 years
£500 £577 £667 £937
£1,000 £1,150 £1,330 £1,870
£2,500 £2,880 £3,330 £4,680
£5,000 £5,770 £6,670 £9,370
£15,000 £17,300 £20,000 £28,100



The Forester Life Savings & Investment Plan is a medium to long-term stakeholder investment scheme and as such meets the standard for ‘capped charges’. There is an annual charge of 1.5% of the value of the funds you accumulate, dropping to 1% after 10 years. If your fund is valued at £250 throughout the year, this means that we charge £3.75 that year. If your fund is valued at £500 throughout the year, this means that we charge £7.50 that year.  After 10 years these deductions would reduce to £2.50 and £5.00 respectively.

Every year we send a statement showing the value of the plan.

Important Notes

  • For the purpose of the projections, monthly amounts assume an automatic increase of 2.5% per annum.
  • These figures are only examples and are not guaranteed. The actual value could be more or less than shown, and could be less than has been paid in.  What you will get back depends on how much your investment grows and on the tax treatment of the investment.  Investments can go down as well as up.
  • Inflation would reduce what you could buy in future.
  • These illustrated figures should be studied in conjunction with the Key Features of the Savings & Investment Plan.

About Foresters

At Foresters, we like to help families like yours live for today, plan for tomorrow and make a difference along the way.

Our products benefit both your family and your community. We champion the wellbeing of families through quality financial products, unique member benefits and inspiring community activities.

We share our financial strength with more than one million members across the United Kingdom, Canada and the United States. Throughout our 140-year history, our purpose has been to enrich the lives of members, their families and communities. These priorities remain today and will guide our future.

Forester Life is responsible for funds under management of over £3bn and is part of Foresters, the international financial services organisation.

Open a Forester Life Savings & Investment Plan, and you’ll automatically become a member and be part of a proud mutual organisation that is member-based, family-focused and community-spirited.

Forester Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Registration number is 177898.

Why a Forester Life Savings & Investment Plan?

  • No hidden charges

    No hidden charges

    Transparent and simple charges.

  • You're in control

    You're in control

    Manage your account online. Save from as little as £20 a month, make a single contribution, or both. There is no maximum savings limit.

  • Simple and straightforward

    Simple and straightforward

    No fuss. No hassle. No complicated funds to pick from. It’s quick and easy to apply.

Your Savings & Investment Plan questions answered

What is the Forester Life Savings & Investment Plan?

The Forester Life Savings & Investment Plan offers a flexible and simple way to save and invest over the medium to long-term, whatever your budget. Designed for low-cost stakeholder savings, you can save from as little as £20 or as much as you want. Unlike an ISA there is no maximum limit.

Stakeholder investment schemes were introduced by the Government to offer consumers straightforward, low cost, risk-controlled products which meet certain standards.

The Forester Life Stakeholder Managed Funds aim to achieve medium to long-term growth consistent with stakeholder standards for ‘risk-controlled’ investment. The Funds include investments which consist of shares, index linked and other fixed interest securities designed to provide growth potential without undue risk.

How can I save into my Savings & Investment Plan?

Single contributions can be made by debit card or direct from your bank (via Direct Credit), or you can set up monthly savings by Direct Debit.

What are the charges?

The only charge on our Savings & Investment Plan is an Annual Management Charge of 1.5% of the fund value per annum, and reduces to 1% per annum 10 years after the first contribution. The Forester Life Stakeholder Managed Funds meet government-set stakeholder standards, which means more of your money is invested for your benefit.

Can I make withdrawals from my Savings & Investment Plan?

Yes the plan allows easy access to your savings and investments.

Can I open a Savings & Investment Plan if I already have an ISA?

Yes, you can open a Savings & Investment Plan regardless of any ISAs you may have. In fact you can have multiple Savings & Investment Plans for different savings goals.

How long should I invest in a Savings & Investment Plan?

Your Savings & Investment Plan has no specific term but should be seen as a medium to long-term investment. You should aim to invest for at least five years. Don’t forget, after 10 years you benefit from reduced charges.

Who is eligible to take out a Savings & Investment Plan?

You are eligible for the Forester Life Savings & Investment Plan if you are aged 16 or over.

The information on our website is provided for information purposes only. It is not financial, investment, tax, legal or any other type of advice. Any decision you make to apply for a Forester Life Savings & Investment Plan is entirely yours.

What you should know

Here is some useful information on managing your Savings & Investment Plan with us:

  • 24/7 access to your account – Once your application has been processed, you can access your account details 24-hours a day, so you can see what it’s worth, make additional payments and view all your statements and documents.
  • Keeping up with inflation – We automatically increase the amount of your regular savings each year by a minimum of 2.5% to help keep pace with inflation. So there is one less thing for you to remember. We will write to you each year before this happens so you can cancel the increase if you wish.
  • Flexible contributions – Our Savings & Investment Plan allows for a flexible savings habit. You can increase or decrease monthly contribution as you wish. You can even arrange a payment holiday on regular contributions.

Any other questions?

Please call us on:

0333 600 0333

8:30-5:00 Mon-Fri
Local rates apply



An ISA for you

It is usually better to use an ISA to address your savings and investments needs by maximising your ISA allowance before considering a Savings & Investment Plan.

In case you haven’t seen the information about our ISA yet, it’s designed to meet today’s needs for flexible terms, low charges and clear and simple conditions.

It’s a Stocks and Shares ISA, so there’s real growth potential and can sit alongside any cash ISAs you may already have, as long as the combined amount you save doesn’t exceed £15,240.

Find out about our Stocks and Shares ISA >

Foresters Financial Sense and Simplicity