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Regular Savings Plan

A clever tax-free and tax paid combination

The Regular Savings Plan is a 10 year plan that allows you to cleverly combine tax-free and tax-paid saving with monthly premiums starting from as little as £15 per month. The table below provides a detailled summary of the plan. For more information on Regular Savings Plan please visit the in detail tab.

Cleverly combine tax-free and tax paid savings £15 a month
i Your Regular Savings Plan i Things you should consider
  • Start a regular savings plan of up to £50 a month.
  • The first £25 of any premium will be tax-free. 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 stockmarket, bonds, cash and property.
  • You get a guaranteed minimum cash sum after 10 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.
  • 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 future.
  • If you cash in your plan before the end of 10 years, you could get back less than you have paid in. If you cash in within the first 23 months, you will get nothing back.
  • 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 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.
  • 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 55.

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 Regular Savings Plan.
  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 Regular Savings Plan. The information provided relates to Scottish Friendly only.

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

Scottish Friendly may record and monitor calls.

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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 Regular Savings Plan.
  2. Then download and carefully read the Key Features and 'How we invest your money' guide.
  3. Download the Regular Savings Plan 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 Regular Savings Plan. The information provided relates to Scottish Friendly only.

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

Scottish Friendly may record and monitor calls.

 

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 IMA. 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.