Our Tax Free Flexible Plan

Tax-free in addition to your ISA

Tax-free investments with added flex

The Tax Free Flexible Plan is a 15 year tax-free investment plan for adults. It aims to give your investment long-term growth potential, as well as a tax-free lump sum after 10 years. It’s flexible too, so if you need your money earlier than expected, you can cash in your investment plan.

The table below provides a brief summary of the plan and you can visit the in detail tab to find out more on Tax Free Flexible Plan.

i At a glance	i Things you should consider
Start a regular savings habit using your tax-free savings allowance. Invest £15 to £25 a month for at least 10 years and a maximum of 15 years. Flexibility is built in, allowing you to cash in early. Potential returns from the UK stock market are designed to outperform a cash investment over the long term. Your money will be invested in our UK Tracker Fund which features leading UK companies like Tesco, BSkyB and BT. A small amount of life cover is automatically included as a condition of the tax benefits.	Stock market investments can go down as well as up and you could get back less than you have paid in. If the plan is cashed in before 10 years you may have a tax charge to pay and there will be a £50 deduction from the cash in value. 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 64.

i At a glance

i Things you should consider

Start a regular savings habit using your tax-free savings allowance. Invest £15 to £25 a month for at least 10 years and a maximum of 15 years.
Flexibility is built in, allowing you to cash in early.
Potential returns from the UK stock market are designed to outperform a cash investment over the long term.
Your money will be invested in our UK Tracker Fund which features leading UK companies like Tesco, BSkyB and BT.
A small amount of life cover is automatically included as a condition of the tax benefits.

Stock market investments can go down as well as up and you could get back less than you have paid in.
If the plan is cashed in before 10 years you may have a tax charge to pay and there will be a £50 deduction from the cash in value.
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 64.

i Tax information
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. Only a total of £3,600 can be invested each year in a qualifying endowment life policy including up to £25 a month in a tax-exempt savings plan.

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.