Add a My Choice policy to your child's Junior ISA
Continue investing towards their hopes and dreams, whether that's for university fees or a gap year adventure.
You could boost your child's future goals by adding a My Choice pot to their existing Scottish Friendly Junior ISA.
Capital at risk.
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Add a policy to the child's Junior ISA from just £20 a month and / or a £50 lump sum.
Add as many policies as you like as long as you stay within the child's annual £9,000 Junior ISA allowance.
Give your policy a name to help you keep track, for example 'Car fund' or ‘Gift from Granny'.
Keep in mind that stock market investments can go down as well as up, so your child could get back less than you've paid in. Tax treatment depends on individual circumstances and tax rules could change in the future. The funds in a Junior ISA belong to the child and can only be accessed by them when they turn 18.
Investment fund choices
Add a My Choice policy to their Junior ISA and:
We'll put their money into a My Choice investment policy within their Scottish Friendly Junior ISA.
The policy then invests in the fund(s) already chosen for them by their parent or guardian. As the money you invest belongs to the child, they will be able to access it without paying any tax on any money they withdraw when they turn 18.
The fund information together with the Key Information Documents (KIDs) give you an overview of each fund, including any charge and should be read alongside the Product Guide.
More Scottish Friendly benefits
Scottish Friendly offers a range of benefits designed to offer you potential value. Explore the perks and our prize draw below.
My Rewards
After you add a My Choice policy to your child's Junior ISA, we’ll send you a welcome gift – a £25 My Rewards gift voucher.
Read the full welcome gift payment terms and conditions.
My Benefits Card
As a customer of Scottish Friendly when you register for My Plans and choose to go paperless, we’ll reward you with the My Benefits card which gives you access to fantastic savings and offers from thousands of leading retailers.
My Transfers
If you've got a Junior ISA with a different provider, transferring your child's Junior ISAs to us is straightforward. With our range of investment options, we could help boost their financial future.
And with our friendly pricing, the more you invest the lower your overall charge could be.
Transfer an existing Junior ISA to Scottish Friendly between 7 April and 31 May 2025, and you could receive a My Rewards gift voucher worth up to £500. Gift terms apply.
Find out about our simple process and special offer terms and conditions here.
Important info before you get started
It takes around ten minutes to apply. You’ll just need your bank details and your National Insurance number to hand. Plus, the child's date of birth and their client reference number (you can get this from their parent or guardian).
Please make sure you’ve read the Product Guide.
Scottish Friendly doesn’t provide advice. The information provided should help you decide if the plan is suitable for you. If you’re not sure whether this plan is suitable, you should contact a financial adviser. Advisers may charge for providing such advice and should confirm any cost beforehand.
To apply to add a policy to this Junior ISA, your child must be under 18, not have qualified for a Child Trust Fund, and be a UK resident. You can subscribe to only one Stocks & Shares Junior ISA each tax year for your child. For the current tax year, the overall maximum you can save in both their Junior ISA types is £9,000. Once invested, the money belongs to the child and can only be accessed by them once they turn 18. Whilst your investment may be locked away on your child’s behalf for up to 18 years (depending on the age of your child when you set up their Scottish Friendly Junior ISA) you should be thinking of investing over at least five years. Their investment will grow free from tax, except for any tax we pay on their behalf (such as on dividends from UK shares). Tax treatment will depend on individual circumstances and may be subject to change in the future. Stock market investments can go down as well as up and your child may get back less than you’ve paid in.
Why invest with Scottish Friendly?
We've been helping families for over 160 years
Our contact centre is based in the UK
With no shareholders we work hard for you
Trusted by 838,000 investors and looking after assets worth £4.6 billion, as of 25th April 2024
FAQs
Below you’ll find answers to some questions about this investment option.
My Plans app
Take control of your Scottish Friendly ISA and Junior ISA investments wherever you are with the My Plans App. It offers a secure and easy way to manage your accounts, check your investments, and make changes on the go.
On your mobile or tablet, open the camera and point your device at the QR code. A link will pop up, tap this, and you’ll be taken straight to download the app.
