It's a savings plan that you pay into each month for ten years and at the end of the term you receive a cash lump sum.

You just need to decide how much you want to save each month. And as we can take payments directly from most Police salaries and pensions, you'll hardly notice you're saving.

Every plan will have a guaranteed minimum payout. So no matter what happens in the financial markets, you know the very minimum you'll get back.

Your money is invested in our established Life Fund. It's a steady fund that is already invested in by over 150,000 members of the Police Service and their families.

So you know you're in good company and safe hands.

It is very difficult to predict exactly what you'll get back as your payout will depend on the performance of our Life Fund, which is where your money is invested.

However every plan will have a guaranteed minimum payout. So no matter what happens in the financial markets, you'll know the very minimum you'll get.

You can find out what your own personal minimum payout would be using our online illustration calculator.

> Get an online personal illustration

You can also see what your guaranteed payout, for a £5 a week Regular Savings plan, would be below.

 
The guaranteed payout varies with age because of the life cover included in the plan and for those who are older may be less than has been paid in.

We aim to add a regular bonus each year into your plan and a final bonus when it matures at the end of the term. These could increase your guaranteed minimum cash payout.

But as we can't predict how the financial markets will perform in the future, the value of these bonuses will depend of how our Life Fund performs.

You can start saving from as little as £1 a day.

We believe saving should be available to everyone no matter what their financial circumstances are.

Most current and retired members of the Police Service can pay for their Regular Savings plan direct from their salary or pension. Our payments page will show you whether you can pay from your salary or pension.

For those who cannot pay from their salary or pension, we take payments by Direct Debit.

You won't be able to open a Regular Savings plan for less than ten years. It is designed for those looking to save for the medium to long term.

If you are looking to save for less than 10 years, we have a number of other saving and investment options that let you do this.

> Online Cash ISA

> Guaranteed ISA

> Online Cash Account

> Investment Choice

Your plan will continue as normal but you'll have to change your payments to Direct Debit if you are paying from your salary or pension.

You'll still be a member of Police Mutual so you could take out further plans if you want to.

The Regular Savings plan includes life cover as standard and you're covered from day one giving you added peace of mind.

So should the unthinkable happen to you, your loved ones will receive your guaranteed minimum payout plus any bonuses that have been added.

You can nominate who receives the first £5,000 of any payout. This is paid out quickly without the need for your estate to be settled first.

You can download and complete a nomination form at any time.

This Regular Savings plan is for anyone who wants an easy way to save for the future.

Whether it's putting money away to avoid taking out loans in the future, a car, home improvements, a big holiday or for your children or grandchildren.

As long as it matures before your 80^th birthday and you are at least 16 years of age, you can open a Regular Savings plan.

Your cash lump sum at the end of the term is completely tax-free as any tax is paid within the Life Fund. So you don't have to worry about the tax man taking a bite or any paperwork.

Any current or retired members of the Police Service can open a Regular Savings plan.

And their family is welcome too. Partners and your wider family including parents, brothers and sisters, children and grandchildren can all benefit by opening a Regular Savings plan and becoming members of Police Mutual.

The application process is simple and takes no more than a couple of minutes when you apply online. You'll need your payroll or Direct Debit details ready to hand when you apply.

Additional checks

To comply with money laundering regulations, we sometimes have to carry out an online identity check with a reference agency when you apply.

The agency will add a note to your credit record to show that an identity check has been made. We won't share this information with anyone else and it won't affect your credit rating.

We'll send you a statement each year which will show the performance of your plan so you'll be able to keep track of your savings.

You can also contact us when you'd like an update in between your statements.

You can get hold of your money if you need to at any point. But as the Regular Savings plan is designed for those looking to save for the medium to long term, it should be as a last resort.

If do you cash in you may get back less than you've invested.

There's no interest rate with the Regular Savings plan. Any growth in your savings is based on the performance of our Life Fund.

But remember that every plan will have a guaranteed minimum payout. So no matter what happens in the financial markets, you know the very minimum you'll get back at the end of the term.

We aim to add a regular bonus each year into your plan and a final bonus when it matures at the end of the term. These could increase your guaranteed minimum cash payout.

But as we can't predict how the financial markets will perform in the future, the value of these bonuses will depend of how our Life Fund performs.

As a result of your feedback we've improved the way we contact you about your maturing Regular Savings plan. We will now contact you six weeks before your plan matures with the final payout value.