My Style Options (ISA)

In addition to your Cash ISA or Innovative Finance ISA

From only £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 Style Options (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 contains the things you need to know about My Style Options (ISA). For more information, 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 My Style Options (ISA) you can cash in or raise, lower, stop and restart payments at any time.
  • Your money will be invested in a My Options 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.
  • 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 cash in value can fall and rise on a daily basis and you are not guaranteed to get all your money back.
  • If you cash in the plan before the end of 5 years there will be a £50 deduction from your cash-in value.
  • 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, one Lifetime 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 £20,000 in the current tax year less any amounts subscribed to a Cash ISA, Lifetime 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.


A very British investment

As you may know, the ISA is a very British way of saving or investing tax-efficiently for the future. With all things British right now due to a very special someone's birthday, we're offering you the option to add a very British investment pot to your Scottish Friendly ISA. If you'd like to add another pot to your Scottish Friendly ISA, a My UK Tracker Choice policy could be just your pot of tea. You too could invest for that special regal birthday in the future.

Our very British My UK Tracker Choice policy invests in the UK Tracker fund which tracks well-known high street brands and companies listed in the UK. You might recognise a few of the names; Tesco, BskyB and BT. For more information on the UK Tracker fund click on the Fund tab.

Affordability you control

We’d all like to have more money, and from £10 a month or a £100 lump sum you could be better off in the future. You don’t need to break the bank - by investing a little each month, in five to ten years’ time you could have a lump sum of money to do with as you please.

You’ve also got complete control. You can choose to stop payments for a while if the need arises and then restart them again at a time to suit you. You can also raise or lower your premiums when your pocket allows. And for those unforeseen circumstances, you can withdraw your cash at any time.

You can register for My Plans, our online system, which allows you to manage your Scottish Friendly ISA any time of the day. It's mobile friendly too, allowing you to always be in control, wherever you have internet access.

Tax treatment depends on individual circumstances which may change in the future. Stock market investments can go down as well as up and you could get back less than you have paid in.


Want to increase your payment each year?

Once you’re in a regular investment habit, you might want to try to invest a little more each year to take inflation into account or simply because you’d like to reach your goal that little bit sooner. Another feature of our My UK Tracker Choice pot is the option to automatically increase your payments each year by a rate to suit you. You have the choice to increase by 2.5%, 5% or 10% each year, for as long as you wish.

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

 

Remember your monthly premium will continue to increase past year 10, however you have the ability to change or stop your payment increase at any time.


A gift just for you

When you start investing in another pot, you’ll receive a £25 My Rewards card. This can be redeemed for gift cards at over 55 UK retailers such as M&S, Amazon, Next, John Lewis and many more. We reserve the right to limit to one gift per ISA.


Ready to apply now?

If you like the sound of adding a very British investment pot to your Scottish Friendly ISA and would like to apply for a My UK Tracker Choice policy now, we have a straight-forward application process.

Make sure to read over the Key Features document, it’s always handy to print or save a copy for future reference. Then click on the Apply online now button below and complete our easy four step application form.

Apply online now>

Your choice of investment funds

My Style Options (ISA) offers a choice of two funds allowing you to select the fund, or mix of funds, that best suits your investment style. The Unitised With-Profits fund and UK Tracker fund have 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 savings accounts
(not offered by
Scottish Friendly)
Unitised
With-Profits
fund
UK Tracker
fund

 


Your investment fund features and risks

The table below provides the things you need to know about of both funds to help you to decide which could be right for you.

Unitised With-Profits fund
Potential growth with minimum money back guarantee on 10th anniversary

UK Tracker fund
A very British investment, with potential growth from the UK stock market

  • 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 95% of the payments you have made into your plan.
  • 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.
  • 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 Options (ISA), your money will be invested in a My Options 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 Options (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>