Well done, you’ve given them the kick start they needed and you’re now ready to add a pot to your grandchild’s Junior ISA!

It doesn't take much to get started

Start investing from £10 a month, £50 lump sum or more. That’s as long as you stay within your grandchild’s yearly Junior ISA allowance - which at £9,000 overall, shouldn’t be hard for most of us!

Flexible payments

You can increase, decrease, pause and restart the amount you're paying in at any time, giving you full flexibility. There’s also the option of applying a yearly payment increase rate - increasing your monthly payments by a percentage set by you each year, to give them a little bit more.

About investments

Unlike a Cash Junior ISA or traditional savings account, your grandchild won't earn interest on the money you pay in. Instead, an Investment Junior ISA - like My Choice (Junior ISA) - puts your money to work using the long-term growth potential of the stock market.

To get the Junior ISA started, we’ll offer your grandchild’s parent or guardian a straightforward, easy start option of investing in one fund – the Unitised With-Profits fund, via our My Easy Choice (Junior ISA). Once they apply, we’ll send the welcome pack, with information on the choice of other funds that are available via our Junior ISA.

When you start investing, you’ll add a My Choice policy which we like to call 'pot' within the child's Junior ISA. This will invest in the fund or funds chosen by your grandchild’s parent or guardian. You can read more about the funds available via our Product Guide, should you want to give them a nudge in the direction of the fund you’d like to invest in, as well!

But please note that only the parent or guardian has control over choosing and switching the fund and they can do this at any time.

Pay into your own unique pot for them

A unique feature of our Junior ISA means that you add your own ‘pot’ of money to it. You even get to name your pot for your grandchild, from you (so they really know where the money came from!) or for what you hope they’ll spend it on.

Every penny you pay in belongs to your grandchild, giving you peace of mind that they’re the only ones that can withdraw it. And don’t worry, whilst they’re able to manage the account from age 16, they won’t be able to take any money out until their 18th birthday. So that's plenty of time to teach them to enjoy a little, and be sensible with the rest!

Managing their investment

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

With the My Choice policy and My Plans you can:

• Increase, decrease, stop or restart your monthly payments
• Make one-off lump sum payments
• And much more...

Find out more about My Plans

Welcome gift

You’ll get a £25 My Reward gift voucher when we’ve received at least £10 into the Junior ISA to set it up Once your child’s grandparent starts to contribute, they’ll also receive a £25 My Rewards gift voucher. Because one good deed deserves another. Redeem for vouchers from numerous outlets like Tesco, M&S and Argos when you start investing. Read the full terms and conditions of the welcome gift.

Member benefits

For a My Benefits card, giving you access to fantastic savings and offers from thousands of leading brands and local outlets, sign up to our My Plans customer portal (either online or via the app) and choose to go paperless.

Being part of a mutual

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