Prosperity

Tax-paid now – no taxes to pay later

With Scottish Friendly's Prosperity Plan you can invest for either 10 or 15 years. It’s a tax-paid investment that aims to help you to develop a regular investment habit. The table below provides all the plan detail and things you should consider. For more information on Term Assurance please visit the in detail tab.

Grow your money with regular investments.
i Your Prosperity Plan i Things you should consider
  • Build on your existing regular savings and invest from £15 per month for 10 years or 15 years.
  • Your plan invests in the Scottish Friendly With-Profits fund which is managed across a range of assets such as the stockmarket, bonds, cash and property.
  • You get a guaranteed minimum cash sum after 10 years or 15 years.
  • Your guaranteed minimum cash sum can grow through the addition of regular bonuses.
  • Your guaranteed minimum cash sum may be increased by a final bonus which is related to the investment performance of the Scottish Friendly With-Profits Fund.
  • No profits are paid to city shareholders meaning they can be reinvested for the benefit of Scottish Friendly customers.
  • A small amount of life cover is automatically included.
  • The amount of your guaranteed minimum cash sum depends on your age and how much you pay in. It will initially be less than your total investment over 10 or 15 years.
  • Future bonus levels depend on investment returns and expenses and how Scottish Friendly decides to distribute profits to customers. As such they cannot be guaranteed.
  • If you cash in your plan before the end of it's life, you could get back less than you have paid in. If you cash in within the first 2 years, you will get nothing back.
  • Tax treatment depends on your individual circumstances and tax law may change in future.
  • The cost of life cover is included as a small part of the plan’s charges. The cost of life cover is higher for older ages.
  • To apply you need to be a UK resident aged between 18 and 55.

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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.