It doesn't take much to get started

From just £10 a month, you could start a My Choice policy within the child's Junior ISA with Scottish Friendly. You can also make lump sum payments from £50, or you can combine monthly payments with a lump sum. It's up to you.

The Junior ISA belongs to the child and only they can withdraw the money once they are 18 years old, so all payments are a gift to the child, which cannot be returned.

You're in control

You can increase, decrease, pause and restart the amount you're paying in at any time. Keep in mind that if you're aiming to grow your investment for a specific goal for the child, pausing your payments will mean you take longer to reach it.

You can also choose to automatically raise your monthly payment amount by a percentage you set every year - e.g. 2.5%, 5% or 10%. This is called your yearly payment increase rate.

Of course you can change this rate at any time and remove it should you need to.

About investments

Unlike a Cash Junior ISA or traditional savings account, no interest is earned on the money you pay in.

Instead, an Investment Junior ISA - like the Scottish Friendly Junior ISA - puts your money to work using the long-term growth potential of the stock market.

When you add a My Choice policy, your money will be invested in an investment policy within the child's Scottish Friendly Junior ISA. The policy then invests in a fund or funds already chosen by the child's Registered Contact.

Managing their investment

We're sure you'll want to check up on and maintain the child's policy with us every now and again. That's why we created the My Plans online tool where you can view and manage the policy.

With the My Choice policy and My Plans you can:

• Increase, decrease, pause or restart your monthly payments
• Make one-off lump sum payments
• Add extra policies within the child's Junior ISA
• And much more...

Find out more about My Plans

Welcome gift

After you add a My Choice policy to the child's Junior ISA we’ll send you a welcome gift - a £25 My Rewards gift voucher. You can redeem your card at numerous outlets throughout the UK including Apple Store, John Lewis & Partners and Argos.

We will send your My Rewards card within 28 days of receiving your first payment. Once registered you will be able to access the full list of retailers.

We reserve the right to refuse the issue of gift cards where multiple ISA applications have been applied for, and where we consider that the terms of this reward offer have been abused.

Please note the Gift code will expire after 12 months from date of issue.

Member benefits

Once you have applied, if you sign up to the My Plans online service and opt to go paperless, we’ll send you a My Benefits card.

My Benefits gives you access to fantastic savings and offers from thousands of leading brands and local outlets. This includes offers on eating out, leisure, travel and holidays, household goods, gym membership, DIY and electricals from a range of retailers.

Being part of a mutual

Scottish Friendly is a mutual - this means we don’t have shareholders, which also means any profits are used to benefit our members.