Tax Exempt Savings Plans [TESPs]

patientperson

Introductions and responsibility.

In my post at home .. Mansfield BS will give £200 for any member introducing someone else to the Society as a borrower (min £50,000). Payment of said £200 is upon the new mortgage completing satisfactorily.

I presume that this £200 offer will be made to all members of the BS.

I have no intention of introducing anyone but the main reason for mentioning it is that most persons who may do it have also no knowledge of the products being marketed.

patientperson

planteria wrote: »

in the interests of complete honesty, i have actually sent 2 PMs to each of 3 contributors to this thread. none of them pushing TESPs, more general comments re. the tone of this thread / responses to messages re. similar. they are innovate, jamesd and one other.

Just for any interested poster .. the one other was not me.

planteria

patientperson wrote: »

The sums assured given by the 2 FS .. Seffield Mutual and KUFS are much better and and at present will return a gain for myself..

i am pleased about that pp...but my point is that my TESPs with these two were certain to grow right from the start. the sum assured levels were above the total value to be invested right from the start.

planteria

patientperson wrote: »

I would agree to that assumption.

Sheffield Mutual website:
Bonuses are normally added to policies each year (depending on actuarial advice) based on the sum assured or capital balance. These bonuses, which are not guaranteed, are a percentage of the sum assured figure, and vary dependent on the policy type.

KUFS website:
Each year a bonus rate is declared, depending on the performance of the With Profits Fund. Any bonus declared is added to the plan. There may also be a terminal bonus at maturity. Bonuses added to the plan are guaranteed to be paid as long as the plan runs to maturity and all premiums have been paid.
It is important to remember that bonus rates are not guaranteed and past performance cannot be used as a guide to future performance.

Note: as long as the plan runs to maturity.

isn't that amazing though? for policy holders to earn money that they haven't even invested yet? KUFS added a 2.25% bonus to TESPs. this is a small bonus, on small values. but it is paid on the Sum Assured. in theory this is on money that will not even be invested for almost 25 years:think:

planteria

patientperson wrote: »

Introductions and responsibility.

In my post at home .. Mansfield BS will give £200 for any member introducing someone else to the Society as a borrower (min £50,000). Payment of said £200 is upon the new mortgage completing satisfactorily.

I presume that this £200 offer will be made to all members of the BS.

I have no intention of introducing anyone but the main reason for mentioning it is that most persons who may do it have also no knowledge of the products being marketed.

of course. and if you were to pass a flyer on you would be neither liar or sly salesman. the herrings are red hot

patientperson

planteria wrote: »

i am pleased about that pp...but my point is that my TESPs with these two were certain to grow right from the start. the sum assured levels were above the total value to be invested right from the start.

In my case Sheffield Mutual had a higher sum assured whilst KUFS had an assured sum exactly equal to the payments to be made.

Both are now positive with KUFS showing almost 8% bonus and Sheffield Mutual almost 7% bonus.

planteria

patientperson wrote: »

Just for any interested poster .. the one other was not me.

don't be surprised to be told different though pp

planteria

patientperson wrote: »

In my case Sheffield Mutual had a higher sum assured whilst KUFS had an assured sum exactly equal to the payments to be made.

Both are now positive with KUFS showing almost 8% bonus and Sheffield Mutual almost 7% bonus.

ok, thanks pp. as per the 'portfolio' thread i started, i have 2 other TESPs, and i haven't got all the info together re. these yet. but i think that Healthy initially provide a Sum Assured that is below the projected investment level at the outset.

patientperson

planteria wrote: »

ok, thanks pp. as per the 'portfolio' thread i started, i have 2 other TESPs, and i haven't got all the info together re. these yet. but i think that Healthy initially provide a Sum Assured that is below the projected investment level at the outset.

Confirmation. Healthy Investments - assured sum is less in my policy.

planteria

patientperson wrote: »

Confirmation. Healthy Investments - assured sum is less in my policy.

less than the value you will pay in now, or when the policy commenced? mine started during the first half of 2012.