Our Tax-Exempt Savings Plan (TESP) is a simple product that lets you put a little away regularly over the long term. At the end of your chosen term (the 10 to 25-year period you want to save for) you get a tax-free lump sum of money to spend on whatever you want.
You can save for yourself, or for your children or grandchildren. And the money can be used to help fund anything – from holidays and travelling, university, weddings, first cars, or maybe for a boost in retirement. It’s a great way to build up savings steadily over time.