For those products which are classified tax free:

- We invest policyholders’ premiums, net of our charges, into a tax exempt fund. Due to the special concessions available only to Friendly Societies, this fund pays no tax on its income or capital gains.

- The exception to this is dividend income received from investments in UK company shares, from which corporation tax at a current rate of 10% is deducted. The policy proceeds you ultimately receive are free of any personal income tax or capital gains tax liability, whatever your marginal rate of tax.*

*This could be changed by the Govenrment in the future
 

If you have any further questions regarding your Friendly Society tax allowance or tax-exempt status, please do not hesitate to Contact Us.

Alternatively, please contact your Financial Advisor for further information and advice.

 

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REGISTERED OFFICE: 29 BRIDGFORD ROAD, WEST BRIDGFORD, NOTTINGHAM, ENGLAND, NG2 6AU TEL: (0115) 9814786  FAX: (0115) 9455890

Website: www.nottinghamfriendly.co.uk  Email: sales@nottinghamfriendly.co.uk

Nottingham Friendly Society is a brand name of Nottingham Oddfellows Assurance Friendly Society Ltd, an incorporated Friendly Society, registered in the UK No. 596F.  Authorised and regulated by the Financial Services Authority, (Register Number 110033).