OneFamily is a customer-owned business which provides financial products and services to the modern family. As the name might suggest, OneFamily helps families to meet the financial demands of modern life. The company was formed in 2015, after a merger between Engage Mutual Assurance and Family Investments, and is now headquartered in Brighton.<\/p>
OneFamily serves roughly 1 in 12 families in the United Kingdom, and has over \u00a37.4 billion of assets under management. Find out if you should join the many families that use OneFamily\u2019s services in our review below.<\/p>
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you\u2019re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.<\/p><\/div><\/article>
What savings accounts do OneFamily offer?<\/h3>
OneFamily offers a range of savings products for your family, including:<\/p>
Lifetime ISA<\/strong><\/p>
Available to 18-39 year olds<\/li>
Pay in until your 50th birthday<\/li>
Invest up to \u00a34,000 in the current tax year, as part of your total \u00a320,000 ISA allowance<\/li>
Receive a 25% Government bonus into your Lifetime ISA<\/li>
OneFamily only offers a stocks and shares Lifetime ISA<\/li>
You can only use the funds to purchase your first home in the UK, or for your retirement at age 60, to avoid a withdrawal penalty<\/li><\/ul>
Junior ISA<\/strong><\/p>
No income tax or capital gains tax due on returns your child makes<\/li>
Invest up to \u00a39,000 in the current tax year<\/li>
Only your child can access the money at age 18<\/li>
Easy online account management<\/li><\/ul>
Stocks & Shares ISA<\/strong><\/p>
Can open if you\u2019re aged 18 or over<\/li>
No income tax or capital gains tax due on returns you make<\/li>
3 investment styles to choose from<\/li>
Deposit at least \u00a325 a month by direct debit or a lump sum of \u00a3250<\/li>
Invest up to the annual ISA limit of \u00a320,000<\/li><\/ul>
A Family Bond and Junior Bond were previously available from OneFamily but these are no longer available to new customers. <\/p>
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