My Style (New ISA)

You can have more than one New ISA to suit your lifestyle from just £10 a month

My Style (New ISA) from Scottish Friendly is available to any UK resident aged 18 or over and allows you to build a tax-free investment starting from as little as £10 per month or a lump sum from just £100.

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

Investment features What you need to consider
  • Invest tax-free from just £10 a month, or from a £100 lump sum using your New Investment ISA allowance.
  • Once you have set up My Style (New ISA) you can cash in or raise, lower, stop and restart payments at any time.
  • Your money will be invested in a My Style policy within a Scottish Friendly New 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 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).
  • You can have one New Cash ISA plus one New Investment ISA in each tax year. You can have as many policies as you like within your New Investment ISA provided you do not exceed the annual New ISA limit. The maximum you can invest in a New Investment ISA is £15,000 in any tax year less any amounts subscribed to a New Cash ISA with another ISA manager.
  • To apply you must be a UK resident aged 18 or over.

Find out more 


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.


 

The detail

More information on My Style (New ISA)

 The detail

Funds

Where your money will be invested

 Funds

How your money could grow

What you could get back

 How your money could grow

Use the other part of your New ISA allowance and pay less tax

You’re probably aware that you are entitled to save tax-free with a New Cash ISA but did you know that you are allowed to have a New Investment ISA (also known as a New Stocks & Shares ISA) as well? Using some or all of your New Investment ISA allowance lets you maximise the amount you invest tax-free compared to just maximising your New Cash ISA allowance alone.

Your Investment ISA just the way you like it.

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

You can invest up to £15,000 in the current tax year, less any amount you have paid into a Cash ISA. So if you already have a New Cash ISA, you can still take out a New Investment ISA with Scottish Friendly.


With My Style (New ISA), you’re in control

My Style (New ISA) is a policy within a Scottish Friendly New ISA and is a flexible and accessible way for you to make the most of your New Investment ISA allowance.

It’s available to any UK resident aged 18 or over and allows you to build a tax-free investment starting from as little as £10 per month or a lump sum from just £100.

You can choose to increase your payments each year by a rate to suit you – for example 2.5%, 5% or 10% a year. Once you have set up My Style (New ISA) you can start, stop, raise or lower your payments whenever you like.


All your plans within your New ISA allowance

At Scottish Friendly, we want to help you get your plans for the future off to a great start. With My Style (New ISA), your money is invested in an individual policy which will be held within a Scottish Friendly New ISA.

You will then be able to set up as many policies as you like within your Scottish Friendly New ISA (provided of course you remain within your annual New ISA allowance). This means over time you can set up one for each of your children, another for a rainy day and maybe one towards that special family holiday.


Ready to apply? It’s easy

Opening a My Style (New 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 the Key Features. That way, they will always be handy should you need to refer to them.

Apply Online>


 

At a glance

The plan features

 At a glance

Funds

Where your money will be invested

 Funds

How your money could grow

What you could get back

 How your money could grow

Your choice of investment funds

My Style (New ISA) puts you in control of your investment. We offer you two funds to choose from, to best suit your needs.

Unitised With-Profits fund

Your original investment is guaranteed if you cash in on the 10 year anniversary and subsequent 5 year anniversaries from the start date of a continuous investment in the Unitised With-Profits fund.

UK Tracker fund

The value of investments in the UK Tracker fund can go down as well as up and your original investment is not guaranteed.

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.


Funds

Further information on each of the funds can be found below.

  • Unitised With-Profits fund

    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

    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.

Start now from just £10 a month

Apply Online>

At a glance

The plan features

 At a glance

The detail

More information on My Style (New ISA)

 The detail

How your money could grow

What you could get back

 How your money could grow

What might I get back from my policy?

Take a look at what you might get back if you start a My Style (New ISA) with Scottish Friendly, within each of the two funds.

Remember that the value of your investment can go down as well as up and your original investment is not guaranteed other than on the 10th anniversary and subsequent 5 year anniversaries of a continuous investment in the Unitised With-Profits fund.

  • Unitised With-Profits fund

    Projected returns on £30 per month invested over 10 years and the effect of increasing your contributions each year*

    Projected returns on £30 per month invested over 10 years.

    Projected returns on £2,000 single premium invested over 10 years

    Projected returns on £2,000 single premium invested over 10 years.

    Projected returns for illustration only. Remember your original investment is not guaranteed and you could get back less than the amounts shown.

    Investing in the stock market is not without its risks because shares can rise and fall and you could get back less than you've paid in.

    *Total amount invested of £3,600 at 0% annual payment increase, £4,034 at 2.5% annual payment increase, £4,529 at 5% payment increase and £5,737 at 10% annual payment increase.

    These figures are only examples and are not guaranteed. They are not minimum or maximum amounts. What you get back depends on how your investment grows, the actual level of future bonuses and on the tax treatment of the investment which could change in the future. You could get back more or less than the figures projected above. Your original investment is guaranteed if you cash in on the 10th anniversary or subsequent 5 year anniversaries of the start date of your investment; if you cash in or withdraw on a different date you may get back less than you have invested. Do not forget that inflation would reduce what you could buy in the future with the amounts shown. (For more details on the effect of charges on your plan, please see the Key Features).

    The annual rates of growth for the illustration have been based on our reasonable estimate of potential returns and are subject to the maximum projection rates permissible by the Financial Conduct Authority. All the figures include the deduction of the actual charges assumed on the plan. These charges may vary in future.

    We will send you a statement twice a year showing your policy’s current value.

  • UK Tracker fund

    Projected returns on £30 per month invested over 10 years and the effect of increasing your contributions each year*

    Projected returns on £30 per month invested over 10 years.

    Projected returns on £2,000 single premium invested over 10 years

    Projected returns on £2,000 single premium invested over 10 years.

    Projected returns for illustration only. Remember your original investment is not guaranteed and you could get back less than the amounts shown.

    Investing in the stock market is not without its risks because shares can rise and fall and you could get back less than you've paid in.

    *Total amount invested of £3,600 at 0% annual payment increase, £4,034 at 2.5% annual payment increase, £4,529 at 5% payment increase and £5,737 at 10% annual payment increase.

    These figures are only examples and are not guaranteed. They are not minimum or maximum amounts. What you get back depends on how your investment grows and on the tax treatment of the investment. The tax treatment of your investment could change in the future. You could get back more or less than the figures projected above and the total amount invested. Do not forget that inflation would reduce what you could buy in the future with the amounts shown. (For more details on the effect of charges on your plan, please see the Key Features).

    The annual rates of growth for the illustration have been based on our reasonable estimate of potential returns and are subject to the maximum projection rates permissible by the Financial Conduct Authority. All the figures include the deduction of the actual charges assumed on the plan. These charges may vary in future.

    We will send you a statement twice a year showing your policy’s current value.

Start now from just £10 a month

Apply Online>

At a glance

The plan features

 At a glance

The detail

More information on My Style (New ISA)

 The detail

Funds

Where your money will be invested

 Funds