Phoenix Tax-Free & Friendly Bond

Tax-Free & Friendly Bond

What does the Tax-Free & Friendly Bond offer?

Take advantage of your individual tax-free savings allowance and get into the regular savings habit with Scottish Friendly's Tax-Free & Friendly Bond. Take a look at the table below for a useful summary of the plan and visit the in detail tab for more information on Tax-Free & Friendly Bond.

Cleverly combine tax-free and tax paid savings £15 a month
i Your Tax-Free & Friendly Bond i Things you should consider
  • Start a regular savings habit using your tax-free savings allowance, investing £15 to £25 a month for 10 years.
  • Invest more and Scottish Friendly will deduct tax on your behalf. All investments will pay out free of any taxes after 10 years.
  • Your plan invests in the Scottish Friendly With-Profits Fund which is managed across a range of assets such as the stock market, bonds, cash and property.
  • You get a guaranteed minimum cash sum after 10 years at least equal to all your premiums.
  • Your guaranteed minimum cash sum can grow through the addition of regular bonuses.
  • Your guaranteed minimum cash sum may also 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.
  • 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).
  • Tax treatment depends on your individual circumstances and tax law may change in the future.
  • If you cash in your plan early, you may not get back as much as you have paid in. If you cash in within the first 2 years, you will get nothing back.
  • 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 in advance.
  • 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 16 and 54.

Find out more

 

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.

Taking out an investment plan with us is straightforward

Thank you for choosing to apply. All you have to do is follow three simple steps:

  1. Before you apply, please ensure that you have read and understood the information provided on the Tax-Free & Friendly Bond.
  2. Then download and carefully read the Key Features and 'How we invest your money' guide.
  3. Finally complete the online application, specifying the date on which you wish payments to start and we'll begin processing your plan immediately.

Apply now

Before you continue, you should ensure you have read and understood the Key Features document. This is our standard client agreement upon which we intend to rely. For your own benefit and protection you should read these terms carefully. If you do not understand any point please ask for further information.

Call us on 0333 323 5433 if you have any further questions about this plan or how to apply for the Tax-Free & Friendly Bond.

Lines are open 8.30am-5.30pm, Monday to Friday.

Scottish Friendly may record and monitor calls.

Taking out an investment plan with us is straightforward

Thank you for choosing to apply. All you have to do is follow five simple steps:

  1. Before you apply, please ensure that you have read and understood the information provided on the Tax-Free & Friendly Bond.
  2. Then download and carefully read the Key Features and 'How we invest your money' guide.
  3. Download the Tax-Free & Friendly Bond application form.
  4. Print your completed application form, then sign and date it correctly.
  5. Finally, post your completed application form to:
    Scottish Friendly Assurance, Freepost, Glasgow, G2 4BR.

Download Application Form

Before you continue, you should ensure you have read and understood the Key Features document. This is our standard client agreement upon which we intend to rely. For your own benefit and protection you should read these terms carefully. If you do not understand any point please ask for further information.

Call us on 0333 323 5433 if you have any further questions about this plan or how to apply for the Tax-Free & Friendly Bond.

Lines are open 8.30am-5.30pm, Monday to Friday.

Scottish Friendly may record and monitor calls.