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
  • Invest tax-free using your Investment ISA allowance from just £10 a month, lump sums from £100 or a combination of both.
  • Once you have set up a My Style Choice (ISA) you can cash in or raise, lower, stop and restart payments at any time.
  • Your money will be invested in a My Choice policy within a Scottish Friendly ISA which will invest in either, or a combination of, the UK Tracker fund or the Unitised With-Profits fund.
  • The UK Tracker fund is a higher potential risk and return investment 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.
  • The UK Tracker fund gives you the long term growth potential of the UK stock market.
  • The Unitised With-Profits fund is linked to a more cautiously managed portfolio of stock market, property, cash and bond assets.
  • If you cash in, switch out or withdraw from the Unitised With-Profits fund on the 10th anniversary of a continuous investment in the fund, or on subsequent 5 year anniversaries, you are guaranteed that you will receive back at least all of your premiums.
  • Your cash in value can fall and rise on a daily basis and you are not guaranteed to get all your money back, (except for a continuous 10 year investment, and subsequent 5-year anniversaries, in the Unitised With-Profits fund, see below).
  • You should consider this a medium to long-term investment for a period of at least five years and ideally ten.
  • The UK Tracker fund’s performance will be mainly dependent on the movement in the UK stock market.
  • 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 and subsequent 5 year anniversaries 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.

Tax information

Tax Information
  • Tax treatment depends on your individual circumstances. Tax law may change in the future.
  • Tax-free means the policy grows free of income and capital gains tax (other than tax that's already paid, i.e. 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.
 

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 can have more than one ISA every year, from £10 a month

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.


A choice of funds to suit your style

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.


Flexible payment options

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.


Choose 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. 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.


Multiple plans within your ISA allowance

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.


Keep track of all your investments online

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.


Open a My Style Choice (ISA)

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.

Apply Online>

Your choice of investment funds

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.


Lowest risk
& return
  Lower risk
& return
Medium risk
& return
  Higher risk
& return
Cash ISA
(not offered by
Scottish Friendly)
Unitised
With-Profits
fund
UK Tracker
fund

Unitised With-Profits fund

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
  • 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.

UK Tracker fund

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
  • A higher risk and reward investment linked to an index of the UK stock market. It is designed to link to well known high street brands and companies listed in the UK.
  • Give your money the long term growth potential of the UK stock market.
  • Your cash in value can rise and fall on a daily basis and you could get back less than you have paid in.
  • The fund's performance will be mainly dependent on the movement in the UK stock market.

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.

 

Start now from just £10 a month or a £100 lump sum

Apply Online>

 

What might I get back from my policy?

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.

Start now from just £10 a month or a £100 lump sum

Apply Online>