My MoneyBuilder (ISA)

Putting a little away for me each month

Everyone has the right to more than one ISA each year. Start from just £10 a month

Looking to put money aside for the future? Maybe towards a special holiday, a new car or simply for that rainy day?

My MoneyBuilder (ISA) from Scottish Friendly is a tax-free investment available to any UK resident aged 18 or over and is designed to get you into a monthly habit with payments starting from just £10 a month.

The table below provides all the plan detail and things you should consider. For more information on My MoneyBuilder (ISA) please visit the detail tab.

Investment features What you need to consider
  • Invest from only £10 a month using your tax-free Investment ISA allowance.
  • Once you have set up My MoneyBuilder (ISA), you can stop, restart, raise or lower your payments and cash in whenever you want.
  • Provided you haven't made any withdrawals, on the 10th anniversary of the start date of your investment you are guaranteed to get back at least 95% of the payments you make into your plan.
  • Your money will be invested in a My MoneyBuilder policy within a Scottish Friendly ISA which will invest in the Scottish Friendly Unitised With-Profits fund which may include stock market, property, cash and bond assets.
  • You should consider this as an investment for a period of at least five years and ideally 10. The value of your investments can fall as well as rise and you could get back less than you have paid in. If you cash in the plan before the end of 5 years there will be a £50 deduction from your cash-in value.
  • When you cash in or take a withdrawal from your investment, your unit value may either be increased by a final bonus or reduced by a market value reduction to bring it into line with the performance of the assets within the With-Profits fund.
  • Making a withdrawal will reduce your guaranteed minimum cash sum.

Tax information

Tax Information
  • Tax treatment depends on your individual circumstances and tax law may change in the future.
  • Tax-free means the policy grows free of income and capital gains tax (other than tax on dividends from UK shares).
  • You can have one Cash ISA, one Innovative Finance ISA, plus one Investment ISA in each tax year. You can have as many policies as you like within your Investment ISA provided you do not exceed the annual ISA limit. The maximum you can invest in an Investment ISA is £15,240 in the current tax year less any amounts subscribed to a Cash ISA or Innovative Finance ISA with another ISA manager.
  • To apply you must be a UK resident aged 18 or over.

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Try our interactive projection tool 

 

No advice has been provided by Scottish Friendly in relation to this plan. If you are in any doubt as to whether this plan is suitable for you, you should contact a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk. Advisers may charge for providing such advice and should confirm any cost beforehand.


Use another part of your ISA allowance and pay less tax

You’re probably aware that you are entitled to save tax-free with a Cash ISA but did you know that you are allowed to have an Investment ISA (also known as a Stocks & Shares ISA) as well? Using some or all of your Investment ISA allowance gives your money access to a wider range of investments than a secure cash account alone.


Your tax-free ISA allowance. Use it or lose it

You can invest up to £15,240 in the current tax year in an Investment ISA, less any amount you have paid into a Cash ISA or (from 6 April) an Innovative Finance ISA. So if you already have a different type of ISA with another ISA manager, you can still take out an Investment ISA with Scottish Friendly.

My MoneyBuilder (ISA) is an Investment ISA that let's you start investing from as little as £10 a month.

Tax treatment depends on your individual circumstances and tax law may change in the future. Tax-free means the fund your plan invests in grows free of income and capital gains tax (other than tax on dividends from UK shares).


Flexible payment options

With a choice of flexible payment options, My MoneyBuilder (ISA) puts you in control of your money: 

  • Stop, restart, increase or decrease your payments whenever you like. 

  • Access your money instantly, should you ever need it. 

  • Choose if you want to increase your payments each year. (This is called your yearly payment increase rate).

  • Please remember, if you cash in the plan before the end of 5 years there will be a £50 deduction from your cash-in value.


Added option to automatically increase your payments 

You can choose to increase your payments each year, if you wish, by a rate to suit you – for example 2.5%, 5% or 10% a year. 

In order to check what your monthly premiums would be each year for the first 10 years, check out our handy tool below:

 

Remember your monthly premium will continue to increase past year 10, however you have the option to change the yearly payment increase rate at any time.


A guaranteed payout on 10th anniversary

With My MoneyBuilder (ISA), you get a guaranteed minimum cash lump sum if you cash in on the 10th anniversary of the start date of your investment (and each 5-year thereafter, so the 15th anniversary, 20th anniversary etc.). Provided you haven’t made any withdrawals this will initially be at least equal to 95% of the payments into My MoneyBuilder policy.


Ready to apply? It’s easy

Opening a My MoneyBuilder (ISA) with Scottish Friendly is simple. First, please make sure you have read and understood the Key Features. Then you’re ready to apply online.

If you apply we suggest printing or saving a copy of this page along with other relevant web pages and the Key Features. That way, they will always be handy should you need to refer to them.

Apply Online>

Scottish Friendly Unitised With-Profits fund

My MoneyBuilder (ISA) invests solely in our Unitised With-Profits fund, for further information on the fund, please see the table below.

Remember though, the value of the My MoneyBuilder (ISA) can go down as well as up and you could get back less than you have paid in.

Unitised With-Profits fund features What you need to consider
  • The Unitised With-Profits fund is linked to a cautiously managed portfolio of stock market, property, cash and bond assets.
  • Provided you haven't made any withdrawals or switched out of the fund, if you cash in only on the 10th anniversary of your continuous investment in the Unitised With-Profits fund you will receive a guaranteed cash sum of at least as much as you have invested less your policy charges.
  • When you cash in, switch out or take a withdrawal from the Unitised With-Profits fund you will receive a value which is in line with the performance of the assets within the fund. This is done by adding a final bonus or deducting a market value reduction.
  • No market value reduction can apply on the 10 year anniversary of your continuous investment in the Unitised With-Profits fund which provides your guaranteed value.
  • Continuous investment means you have maintained at least one full unit in the Unitised With-Profits fund and is measured from the first day you invest.

Start now from just £10 a month

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What might I get back from my policy?

When you start a My MoneyBuilder (ISA), your money will be invested in a My MoneyBuilder policy within a Scottish Friendly ISA, which will invest in our Unitised With-Profits fund.

Because your investment is linked to the stock market, it’s impossible to tell you the exact return you may get in the future — but we can give you a rough idea.

Use the sliders and click Calculate to see what you might get back within a My MoneyBuilder (ISA).

 

Start now from just £10 a month

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