You can have a My Style Choice (ISA) with us
Get in early and make the most of your ISA allowance
From only £10 a month
Did you know you can have more than one ISA every year? You can invest with us again, in an Investment ISA, even if you already have a Cash ISA or Innovative Finance ISA.
A My Style Choice (ISA) gives you a choice of funds to suit your investment style, with investments starting from an affordable £10 a month.
The table below provides all the plan detail and things you should consider. For more information on My Style Choice (ISA) please visit the detail tab.
|Investment features||What you need to consider|
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.
You work hard for your money, so why not give it the chance to work hard for you. My Style Choice (ISA) lets you make the most of your ISA allowance.
Provided you remain within your £15,240 annual limit, you can invest in this ISA in addition to a Cash ISA or an Innovative Finance ISA. Investments start from an affordable £10 a month, or a lump sum of £100, or a mixture of both.
You don’t pay income tax or capital gains tax on any growth on your investment other than the tax that has already been paid (such as dividends from UK companies). Tax treatment is dependent on individual circumstances and tax laws could change in the future.
My Style Choice (ISA) gives your money access to a wider range of investments than just cash. You get a choice of funds to suit your investment style and you can invest in one or both funds:
The With-Profits fund gives peace of mind by providing potential growth with a minimum money back guarantee on the 10th anniversary of at least the amount you have invested, provided you have made no withdrawals.
The UK Tracker fund gives your money access to the potential growth of investing in the UK stock market.
Stock market investments can go down as well as up and you could get back less than you invested, other than on the 10 year anniversary of when you started investing in the With-Profits fund, provided you haven't made any withdrawals. Find out more about each of the funds via the Fund tab.
With a choice of flexible payment options available My Style Choice (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 automatically increase your payments each year.
It’s worth remembering that if you’re aiming to grow a cash sum for a particular reason, stopping or lowering your payments will take you longer to achieve it.
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. This is known as your yearly payment increase rate.
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.
Your money is invested in an individual savings and investment policy, which sits within your Scottish Friendly ISA.
This gives you even greater control as you can set up separate individual policies within your Scottish Friendly ISA for different things (provided of course you remain within your annual ISA allowance). Each one can have its own description, depending on what you’re using it to invest for — e.g. 'University Fund’ or ‘Dream Holiday’ — which could help you manage your money more effectively.
Once you have taken out a My Style Choice (ISA), you can register with Scottish Friendly’s My Plans online service.
With My Plans, you’ll be able to view and manage your Scottish Friendly investments online quickly and safely, when it suits you, from the comfort of your home, work or wherever you have access to the internet.
Opening a My Style Choice (ISA) with Scottish Friendly is easy. First, please make sure you’ve read and understood the Key Features. Then you’re ready to apply online.
Once you've applied, we suggest printing or saving a copy of this page, other relevant web pages and the Key Features. That way, they will always be handy should you need to refer to them.
My Style Choice (ISA) also puts you in control of your investment. We offer a choice of two funds so you can select the fund, or mix of funds, that suits your needs best.
We offer a choice of a Unitised With-Profits fund and a UK Tracker fund. Each of these has a different level of potential risk and return which you can see below.
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Potential growth with a minimum money back guarantee on 10th anniversary.
The Unitised With-Profits fund provides lower potential risk and returns from a managed basket of stock market, property, bonds and cash assets. It also gives you a guaranteed minimum value on the 10th anniversary of your continuous investment. That guarantee will be at least equal to what you have invested provided you haven’t switched out or made any withdrawls before that date.
|Unitised With Profits fund benefits||What you need to consider|
Potential growth from the UK stock market.
The UK Tracker fund is a higher potential risk and return fund linked to an index of the UK stock market. The index includes shares of well-known high street brands and companies listed in the UK.
|UK Tracker fund benefits||What you need to consider|
For more information on our how much your investment could be worth in the future within each of the funds, please click on the How your money could grow tab.
When you start a My Style Choice (ISA), your money will be invested in a My Choice policy within a Scottish Friendly ISA, which will then invest in your choice of fund(s).
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.
Select a fund from the drop down menu, below, use the sliders and click Calculate to see what you might get back for each fund available within a My Style Choice (ISA).
If you are wishing to make a lump sum investment you can see an example of what you might get back in the Key Features.
Scottish Friendly is not responsible for the accuracy of the information displayed on externally linked third party websites. The Scottish Friendly Group of Companies consists of the following companies: Scottish Friendly Assurance Society Limited – Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Member of AFM, Member of ABI: Life, Savings and Investments. Scottish Friendly Asset Managers Limited – Authorised and regulated by the Financial Conduct Authority. Member of The Investment Association. Registered in Scotland No 187215: OEIC Managers, ISA Managers. Scottish Friendly Insurance Services Limited – Authorised and regulated by the Financial Conduct Authority. Registered in Scotland No 113007. SFIS (Nominees) Limited - Registered in Scotland No 397351. Head office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ.