My Style Select (ISA)

My Style Select (ISA)

Get in early and make the most of your ISA allowance

from only £10 a month

Get in early

Investing early in the tax year could be beneficial. Not only are you relieving the pressure to use your ISA allowance at the last minute before the tax year ends, but your hard earned cash is put to work for longer, which could give it a better chance to grow tax efficiently with a Scottish Friendly My Style Select (ISA).

The table below contains the things you need to know about My Style Select (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 Select (ISA) you can stop, restart, raise or lower your payments or your investments and cash in whenever you want.
  • Your money will be invested in a My Select 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 from the Unitised With-Profits fund on the 10th anniversary of the start date of your investment, you are guaranteed to get back at least as much as you have invested.
  • The value of your investment can go down as well as up, so you could get back less than you have paid in.
  • You should consider this a medium to long-term investment for a period of at least five years.
  • 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.
  • If you cash in before the end of 5 years there will be a £50 deduction from your cash-in value.

 

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.


Flexible tax-efficient investing, from only £10 a month

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 Select (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.


Added option to increase your payments

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 increase, check out our handy tool below:

 

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


Open a My Style Select (ISA) today

Opening a My Style Select (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 Select (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 Select (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 Select (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>