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Stocks & Shares ISA (Individual Savings Account)

A tax-free investment

Shelter your money from the taxman with our Stocks & Shares Individual Savings Account. The Stocks and Shares ISA combines the stock market potential with the reassurance of more secure investments like cash and fixed funds. The table below provides a useful summary of the Stocks and Shares ISA and you can find more information by visiting the in detail tab.

Pay in from £15 a month. Invest up to £10,680 each tax year.
i Your Stocks & Shares ISA i Things you should consider
  • Build up a savings habit and use your tax-free stocks and shares ISA allowance by investing from only £15 a month, or a lump sum from just £500 or a mixture of both.
  • Invest even if you have a Cash ISA.
  • All capital gains and your final pay-out will be free of any taxes
  • Give your regular or lump sum payments access to the long term growth potential of the stock market with a choice of two actively managed funds.
  • Our professional team of expert fund managers aim to provide a consistently better return than comparable funds.
  • Our UK Growth Fund means you invest in leading UK companies.
  • Our Managed Growth Fund invests in a range of assets including UK and global shares, bonds and cash.
  • Flexibility is built in. You can start, stop, raise or lower your payments whenever you like and cash in whenever you want.
  • Stock market investments can go down as well as up and your original investment is not guaranteed.
  • You should consider this a medium to long-term investment for a period of at least five years.
  • 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.
  • The Managed Growth Fund can hold currencies other than Sterling. As a result, exchange rate movements may affect your investment as well as price movements.
  • You can invest up to £10,680 in a stocks and shares ISA in the current tax year, less any amounts subscribed to a cash ISA with another ISA manager.

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.

A tax-free investment

Stocks & Shares ISA is an Individual Savings Account (ISA) – a way of sheltering your money from the taxman, because you don’t have to pay income or capital gains taxes on the proceeds from your investment (other than tax on the dividends from shares). However, the fund in which you invest receives UK dividend income net of corporation tax. Please note that tax treatment depends on your individual circumstances and the levels and basis of taxation may change in the future.

Pay in from £15 a month. Invest up to £10,680 each tax year.

 

The Stocks and Shares ISA combines the stock market potential with the reassurance of more secure investments like cash and fixed funds.

Our heritage as tax-free investment experts means our investment managers are well placed to provide this ideal balance for your investment. Remember though, the value of these funds can go down as well as up and your original investment is not guaranteed.

Use your stocks and shares allowance

You can pay from £15 per month into your Stocks & Shares ISA. Or you can pay in lump sums of £500 and upwards. You can invest up to £10,680 each tax year. This is the maximum annual allowance of which up to £5,340 can be allocated to a Cash Account with another ISA manager in this tax year.

You can withdraw money from your Stocks & Shares ISA whenever you want. However, you should aim to leave it longer than five years as the Stocks & Shares ISA aims to provide capital growth after 5 to 10 years.

We aim to keep costs low. For Stocks & Shares ISA you pay an initial charge of 4% and an annual management charge of 1%. For details, please see Key Features.

Your choice of investment funds

You can decide whether your money is invested in the Managed Growth Fund or the UK Growth Fund or split it between the two.

The Managed Growth Fund is invested mainly in UK equities and additionally in global equities. An element of security is added by investing a smaller proportion into fixed interest securities such as government bonds. Our investment team uses their expertise to decide which are the best growth opportunities.

The UK Growth Fund gives you good potential for growth from a carefully selected portfolio of leading blue-chip companies. It invests solely in UK equities, although a proportion may be held in cash. This is a medium-risk fund that aims to outperform the stockmarket.

The funds are managed by SVM Asset Management, a firm with many years of experience and headed by Colin McLean, one of the UK's best-known fund managers. However, past performance is not a guide to future performance.

So with Stocks & Shares ISA you use the strengths of expert fund managers who aim to profit from the long-term potential of the stock market on your behalf. As you know, the value of these funds can go down as well as up and your original investment is not guaranteed.

If these funds are not suitable for your needs you may want to consider our Bonus ISA which allows you to grow your tax-free allowance by investing in our With-Profits Fund.

Get your Stocks & Shares ISA

Opening a Stocks & Shares ISA with Scottish Friendly is easy.

Make sure you have read and understood the Key Features and Simplified Prospectus before you apply. Then you’re ready to:

  • Download an application form and post it to:
    Scottish Friendly Assurance, FREEPOST, Glasgow G2 4BR.
  • Or order an information pack which we’ll send you in the post.

If you apply, we suggest printing or saving a copy of this page, other relevant pages, the Key Features and Simplified Prospectus.

Our Investment management team

Scottish Friendly's OEIC funds are managed by SVM Asset Management which is based in Edinburgh and headed by Colin McLean, one of the UK’s best-known fund managers.

SVM was established in 1990 as a specialist manager of European and UK equity portfolios. Since then they have created an unparalleled performance reputation - managing investments for a number of FTSE 100 company pension schemes and other leading life and investment organisations.

Each of SVM’s team has on average 15 years' experience. Colin McLean’s own investment experience stretches back over 30 years, and he is widely regarded as one of the UK’s top stock pickers. He is also a regular market commentator in the national press. However, past performance is not a guide to future performance.

Apply now

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 Stocks & Shares ISA.
  2. Then download and carefully read the Key Features.
  3. Download the Stocks & Shares ISA 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 Stocks & Shares ISA.

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

Scottish Friendly may record and monitor calls.

The Scottish Friendly Marketing Group is authorised and regulated by the Financial Services Authority, the financial regulator for the United Kingdom, and consists of the following companies: Scottish Friendly Assurance Society Limited: Life, Pensions, Savings and Investments. Member of ABI and AFM; Scottish Friendly Insurance Services Limited: Provider of Wrap Administration Services. Registered in Scotland No. 113007; Scottish Friendly Asset Managers Limited: OEIC Managers, ISA Managers. Registered in Scotland No. 187215; SFIS (Nominees) Limited. Registered in Scotland No 397351; Scottish Friendly Trustee Company Limited. Registered in Scotland No 312652. Head office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ.