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|
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’re probably aware that you are entitled to save tax-free with a Cash ISA but did you know that you are allowed to have an Investment ISA (also known as a Stocks & Shares ISA) as well? Using some or all of your Investment ISA allowance gives your money access to a wider range of investments than a secure cash account alone.
You can invest up to £15,240 in the current tax year in an Investment ISA, less any amount you have paid into a Cash ISA or an Innovative Finance ISA. So if you already have a different type of ISA with another ISA manager, you can still take out an Investment ISA with Scottish Friendly.
My Style Options (ISA) is an Investment ISA that let's you start investing from as little as £10 a month.
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).
With a choice of flexible payment options, My Style Options (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 increase your payments each year. (This is called your yearly payment increase rate).
Please remember, if you cash in the plan before the end of 5 years there will be a £50 deduction from your cash-in value.
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.
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.
With My Style Options (ISA), you get a choice of two funds so you can pick the one that best suits your needs and investment style. Find out more about each fund on the the Funds tab.
Opening a My Style Options (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 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.