Are you a grandparent?
You cannot open a Junior ISA but you can use your own ISA allowance to invest for your grandchild. Click here to find out more about investing for your grandchild.
It's tax-efficient investing, using your child's Junior ISA allowance and the long-term growth potential of the stock market.
Important information - as with all stock market investments, the child's investment can go down as well as up and they could get back less than you have paid in. Tax treatment will depend on your individual circumstances and may be subject to change in the future. If the child withdraws money before the end of 5 years, there will be a £50 deduction from the withdrawal value.
You want to invest for your child from £10 a month or make a lump sum payment of £50 or both. The money is theirs when they turn 18.
You want a choice of 9 funds ranging from low to high risk.
You want to manage their money online with our My Plans online portal.
Our My Select (Junior ISA) is a tax-efficient plan that can help you invest for your child's future over the medium to long-term. When you invest in a Junior ISA, the money belongs to the child.
Flexible payment from just £10 a month or a lump sum of £50 or both. You can increase, decrease and pause payments at any time.
Invest alongside a cash Junior ISA up to the current annual limit of £9,000.
Once it's been set-up by a parent or guardian, anyone can pay money in.
When you take out a My Select (Junior ISA) we'll pay £50 into the Junior ISA for your child after you start investing. Terms apply.
Winner of Best Junior ISA Provider 2022 for the 5th year running at the Investment Life and Pensions Moneyfacts Awards and winner of Best Junior ISA Provider 2023 at the World Business Outlook Awards.
When you set up a My Select (Junior ISA) the money will be invested in an investment policy within a Scottish Friendly Junior ISA. The policy then invests in your choice of fund or funds – with a range of varying risk and reward profiles. There are 9 funds to invest in, so you can choose the ones that suit your needs best.
This information together with the Key Information Documents (KIDs) below gives you an overview of each fund inluding any charges and should be read alongside the Product Guide.
Fund Summary
Benefits
Things to think about
To find out more about the fund please read our UK Government Bond fund key information document
Fund Summary
Benefits
Things to think about
To find out more about the fund please read our Unitised With-Profits fund key information document
Fund Summary
Benefits
Things to think about
To find out more about the fund please read our Lower fund key information document
Fund Summary
Benefits
Things to think about
To find out more about the fund please read our International Company Bond fund key information document
Fund Summary
Benefits
Things to think about
To find out more about the fund please read our Medium fund key information document
Fund Summary
Benefits
Things to think about
To find out more about the fund please read our Higher fund key information document
Fund Summary
Benefits
Things to think about
To find out more about the fund please read our UK Tracker fund key information document
Fund Summary
Benefits
Things to think about
To find out more about the fund please read our UK Active fund key information document
Fund Summary
Benefits
Things to think about
To find out more about the fund please read our International Ethical fund key information document
See how their money could grow based on your premium and fund choice within a My Select (Junior ISA). This tool provides examples of what you could get back in the future based on a payment amount.
It's good to get into a regular savings and investment habit. Plus when you open a new ISA or add a new policy to your existing ISA with us, you'll automatically be entered into our prize draw for a chance to be one of three lucky winners to win back the total amount you've invested this tax year, up to £20,000!
After you start investing in a My Select (Junior ISA) we'll pay £50 into the Junior ISA for your child.
Read the full welcome gift terms and conditions of the welcome gift payment.
Once you have applied, you can sign up for My Plans where you will be able to manage your account online. And, if you 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
It takes around five minutes to get started. You’ll just need a debit card to hand. Please make sure you’ve read the Product Guide and the Key Information Document for the funds you wish to select.
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.
Please make sure you have read the following information, including the Product Guide and Key Information Document(s). They should help you decide if this plan is right for you. If you are unsure, please seek financial advice. There may be a charge for this.
You cannot open a Junior ISA but you can use your own ISA allowance to invest for your grandchild. Click here to find out more about investing for your grandchild.
Investing can seem like a tricky business, so if you have a few questions or aren't sure where to start, we have some useful guides to help get you started.
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