The Society was born with a social purpose, rooted in the belief that we achieve more together than we can alone. We want to use the power of mutuality as a force for good for our members, and for society; we describe this as building society, nationwide.
Our mutuality informs how we behave, from the products and services we offer our members and customers, to how we treat our employees. We are owned by our members and our goal is not to maximise profit. Rather we aim to make sufficient profit, ensuring the right balance between financial strength and delivery of member financial benefit, mainly through product pricing.
It also requires us to consider the taxes paid and collected on our business operations as an important part of the economic and social contribution we make to the wider society that we serve. This governs our approach to, and interactions with, tax authorities. As a result, the Society strives to pay the right amount of tax in accordance with legal requirements and consistent with our strong commitment to social responsibility.