COMPASS FRIENDLY SOCIETY DIRECT

Authorised and Regulated by the Financial Services Authority

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CHILDREN'S CELEBRATION BOND

At each stage in his or her life, the child you love will have new challenges to face - personal, emotional and financial.  Financial help is the one way in which you know you can make a difference.  You can make sure that they have the resources at the right time to celebrate :

• Entering further education

• Graduating

• Buying their first home

• Starting a business

• A very special birthday

There are so may occasions when a lump sum - tax free - would be a godsend.  Special occasions come up all too rapidly but you can plan ahead for some of them - for a child's eighteenth or twenty-first birthday for example.  You can take out a plan to mature then.  Or you can choose to have a plan which matures on entering further education or on graduation.

This is where a Compass Children's Celebration Bond can help to maximise your savings by minimising the tax you pay.  Only a Friendly Society regular premium savings plan can give you these tax advantages combined with the flexibility to generate the money when it is needed.  You choose the occasion and Compass will provide the tax free lump sum.

Compass Children's Celebration Bond is designed to help you give the children you love a financial start in life.

Tax Exempt Growth

The money you put aside on behalf of a child also grows in a tax exempt fund which invests in unit trusts managed by Newton Fund Managers.

We can offer a tax exempt plan because we are a Friendly Society.  The whole Society belongs to our members - including you if you join through the Compass Children's Celebration Bond.  There are no outside shareholders to benefit from the Society.

As a Friendly Society we are allowed to offer tax exempt benefits to members - but only up to a maximum of £25 per month or £270 per annum.  You can also invest more money on behalf of a child but it would not be tax exempt.  Amounts over £25 per month will receive the same competitive terms and investment management  but investments will be taxed within the fund in the usual way.  The total benefit on maturity will still be tax free in the hands of the child.

When your application is accepted you will receive full personal details of the Children's Celebration Bond together with the policy document and confirmation of your membership.  If you change your mind you will have 30 days to return everything to us and get full repayment.

You can start getting tax exempt benefits on behalf of a child by completing the Application Form and returning it with your initial investment now.

All you need to do is to read the Key Features of the Bond and then proceed to the Application Form which you can complete on screen before printing it off and sending it to us.     NEXT a

LUMP SUM INVESTMENT

You can also invest a one-off lump sum of at least £250 into a Children's Celebration Bond.

Please see the Lump Sum Key Features for further details.     NEXT a