My Style Options (ISA)
In addition to your Cash ISA or Innovative Finance ISA
From only £10 a month
We don't offer Cash ISAs or Innovative Finance ISAs. Unlike banks and building societies, we're not asking you to transfer your secure cash savings accounts to us. Instead, we can offer you something different - an Investment ISA.
Give your money access to a wider range of investments, including the stock market.
An accessible investment for you - start from just £10 a month.
Know your rights - you can have this ISA even if you already have a different type of ISA.
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|
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 you deserve to know about another way it could work hard for you. Our Investment ISA gives your money access to a wider range of investments than a secure cash account alone, which could give it a better chance to grow.
My Style Options (ISA) is an accessible and flexible investment that puts you in control:
Invest from just £10 a month, or a lump sum of £100, or a mixture of both (provided you remain within your annual ISA allowance).
Stop, restart, increase or decrease your payments whenever you like.
Access your money instantly, should you ever need it.
Choose from two funds to suit your investment style, see the Fund tab.
Use our My Plans online service for the option to do all of the above quickly and safely, when it suits you, via the Internet.
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. If you cash-in your policy before the end of 5 years a £50 deduction will apply.
With Scottish Friendly you get the option to increase your payments each year by a rate to suit you – for example 2.5%, 5% or 10% a year. So, it's another way you could help your money grow.
In order to check what your monthly premiums would be each year for the first 10 years, by applying a yearly payment increase rate, 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.
When you start investing, as a thank you for choosing us, Scottish Friendly will send you a £25 My Rewards card. Your My Rewards card can be redeemed at a choice of over 70 UK retailers such as M&S, Amazon, Next, John Lewis and many others! We reserve the right to limit to one gift per ISA.
Opening a My Style Options (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 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.
|Cash savings accounts
(not offered by
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
UK Tracker fund
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 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.
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.