To apply for this ISA you need to be 18 or over and a UK resident. You can subscribe to only one stocks and shares ISA each tax year. For the current tax year the overall maximum you can save in all your ISA types is £20,000. Please remember that this is a medium to long term investment (of at least 5 years, preferably 10). Your investment will grow free from tax, except for any tax we pay on your behalf (such as on dividends from UK shares). Tax treatment will depend on your own individual circumstances and may be subject to change in the future. Investments can go down as well as up and you may get back less than you’ve paid in.
My Choice (ISA)
A tax-efficient investment using your ISA allowance and the long-term growth potential of the stock market.
Could be right for you if...
-
You want to invest from £10 a month or make a lump sum payment of £100, or both.
-
You want a choice of 10 funds to choose from, ranging from low to high risk.
-
You want to manage your ISA online and on the go with our My Plans online portal and mobile app available on the App Store and Google Play.
About our My Choice (ISA)
Our My Choice (ISA) is a tax-efficient plan that can help you save and invest for your future over the medium to long term.
Flexible payments let you invest from £10 a month, or make a lump sum payment of £100 or both.
Invest alongside other ISA types up to your annual £20,000 ISA limit.
Offers more growth potential than cash over the longer term, although there is a risk that you could lose money.
Get a welcome gift worth up to £45 after you start investing. Terms apply.
Winner of 'Leading Mutual Insurer' and 'Best Tax Efficient Products Provider UK' at the World Business Outlook Awards 2023.
Could you invest more?
If you would like to pay in regular contributions of £100 a month or more and don’t need the flexibility of stopping, lowering or restarting your payments, we have another product that could be more suited to you. My Prime (ISA) gives you access to the same funds, whilst enabling you to invest more.
Your investment choices
When you set up a My Choice (ISA) your money will be invested in an investment policy within a Scottish friendly ISA. The policy then invests in your choice of fund or funds - with a range of varying risk and reward profiles. There are 10 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 including any charges and should be read alongside the Product Guide.
Guaranteed Cash fund
Low expected risk and return
Fund Summary
- A short-term investment fund designed to provide the security of knowing that your investment value will not fall from day to day. The fund is not designed as a long-term shelter for your money but as a temporary home should you wish to reduce your risk to the lowest possible choice available from Scottish Friendly.
- The fund invests in a deposit or range of deposits selected by Scottish Friendly and the value is further guaranteed by Scottish Friendly not to fall, no matter what happens to interest rates or the underlying deposits.
Benefits
- A guarantee from Scottish Friendly that the amount you invest in the fund will not fall over any period of time.
- A short term home for your money if you wish to remove risk from your investment during periods of market instability or whilst you select an appropriate fund(s) to invest in.
Things to think about
- The growth potential on the fund is likely to be small due to the effect of charges and the low risk profile of the fund.
- The fund is not a suitable long-term investment due to its low growth rate potential.
UK Government Bond fund
Low expected risk and return
Fund Summary
- Designed to invest in bonds issued by the UK Government.
Benefits
- An investment linked to an index of bonds issued by the UK Government.
- Give your money the growth potential and security of long-term bonds issued by the UK Government.
Things to think about
- Your cash-in value can rise and fall on a daily basis and you could get back less than you have paid in.
- Your funds performance will mainly depend on the credit worthiness of the UK Government and the movement in long-term interest rates, which can raise and lower the value of bonds held in the fund.
Unitised With-Profits fund
Low expected risk and return
Fund Summary
- A mixed managed fund from Scottish Friendly where premiums are pooled with those of other clients and returns are linked to the performance of the underlying assets within the fund.
Benefits
- An investment linked to a cautiously managed portfolio of stock market, property, cash and bond assets.
- Provided you haven't made any withdrawals or switched out of the fund, if you cash in only on the 10th anniversary, or each subsequent 5th year anniversary thereafter, of your continuous investment in the Unitised With-Profits fund you will receive a guaranteed cash sum of at least as much as you have invested.
Things to think about
- When you cash in, switch out or take a withdrawal from the Unitised With-Profits fund you will receive a value which is in line with the performance of the assets within the fund. This is done by adding a final bonus or deducting a market value reduction.
- No market value reduction can apply on the 10-year anniversary, or each subsequent 5th year anniversary thereafter, of your continuous investment in the Unitised With-Profits fund, which provides your guaranteed value.
- Continuous investment means you have maintained at least one full unit in the Unitised With-Profits fund and is measured from the first day you invest.
Lower fund
Low expected risk and return
Fund Summary
- Aims to achieve long-term growth from a mixed investment, and tends to focus on those assets with historically lower levels of risk and expected return.
Benefits
- A lower risk and reward investment linked to a managed basket of assets with emphasis on safer assets such as bonds and cash.
- Greater longer-term growth potential than a cash based investment.
Things to think about
- Your cash-in value can rise and fall on a daily basis and you could get back less than you have paid in.
- Whilst the Lower fund contains an element of risk it is lower than that of the Higher or Medium funds. This means that the fund is likely to experience a lesser level of price rises and falls than the Higher or Medium funds.
- The actual risk and return of the Lower fund will depend on Scottish Friendly’s ability to efficiently allocate investments to meet the risk profile of the fund.
International Company Bond fund
Medium expected risk and return
Fund Summary
- Designed to invest in bonds issued by companies throughout the world.
Benefits
- An investment linked to a portfolio of bonds issued by companies throughout the world, selected by an expert fund manager.
- Give your money the growth potential and security of long-term bonds issued by companies throughout the world.
Things to think about
- Your cash-in value can rise and fall on a daily basis and you could get back less than you have paid in.
- Your funds performance will depend on the credit-worthiness of the company bonds purchased by the fund manager, the movement in long-term interest rates and the movement in currency exchange rates.
Medium fund
Medium expected risk and return
Fund Summary
- Aims to achieve long-term growth from a mixed investment. It's likely to produce a level of potential risk and return which lies between the Higher and Lower funds.
Benefits
- An investment linked to a managed basket of assets, which tends to favour assets such as the stock market, which have greater levels of potential risk and return.
- Greater longer term growth potential than a cash based investment and better potential then the Lower fund but less than that of the Higher fund.
Things to think about
- Your cash-in value can rise and fall on a daily basis and you could get back less than you have paid in.
- The fund contains a greater level of risk than the Lower fund but less than the Higher fund. This means that the Medium fund is likely to experience greater levels of price rises and falls than the Lower fund.
- The actual risk and return of the fund will depend on Scottish Friendly’s ability to efficiently allocate investments to meet the risk profile of the fund.
Higher fund
Higher expected risk and return
Fund Summary
- Aims to achieve long-term growth from a mixed investment. It's likely to produce a higher but more volatile potential return than the Medium fund or the Lower fund.
Benefits
- A higher risk and reward investment linked to a managed basket of assets with emphasis on higher long term expected return assets such as the stock market.
- Higher longer-term growth potential than a cash based investment and better potential than the Medium fund or Lower fund.
Things to think about
- Your cash-in value can rise and fall on a daily basis and you could get back less than you have paid in.
- The fund contains a higher degree of risk than an investment in the Medium or Lower funds, which means that it is likely to experience greater price, rises and falls than the Medium or Lower funds.
- The actual risk and return of the fund will depend on Scottish Friendly’s ability to efficiently allocate investments to meet the risk profile of the fund.
UK Tracker fund
Higher expected risk and return
Fund Summary
- Designed to closely track the performance of the UK stock market.
Benefits
- An investment linked to an index of the UK stock market. It is designed to link to well known high street brands and companies listed in the UK.
- Give your money the long-term growth potential of the UK stock market.
Things to think about
- Your cash-in value can rise and fall on a daily basis and you could get back less than you have paid in.
- The funds performance will be mainly dependent on the movement in the UK stock market.
UK Active fund
Higher expected risk and return
Fund Summary
- Designed to invest in shares of companies listed in the UK. The manager of the underlying fund will pick a mix of stocks they believe will outperform the UK stock market and sell those they believe will underperform.
Benefits
- An investment linked to an actively managed investment in UK stocks and shares.
- Give your money the long-term growth potential of the UK stock market, where stocks and shares are selected by an expert fund manager who will aim to outperform the market.
Things to think about
- Your cash-in value can rise and fall on a daily basis and you could get back less than you have paid in.
- Your funds performance will largely depend on the movement in the UK stock market but will also be dependent on the ability of the fund manager to select stocks and shares that grow.
International Ethical fund
Higher expected risk and return
Fund Summary
- Designed to invest in shares of global companies that have been assessed to meet ethical criteria.
Benefits
- An investment linked to an index that includes global companies but minimal, if any, direct exposure to non-renewable energy, adult entertainment, alcohol, gambling, tobacco or weapons and companies that do not meet the UN Global Compact Principles.
- Give your money access to the long-term growth potential of ethical global growth potential.
Things to think about
- Your cash-in value can rise and fall on a daily basis and you could get back less than you have paid in.
- Your fund’s performance will depend mainly on the movement in global stock markets but also on the specific value of the qualifying stocks and shares contained within the fund. Also, as a fund which is linked to international stocks and shares your return will also be exposed to movements in the currency markets.
- The fund’s ethical criteria does not reduce the investment risk associated with this form of investment.
- Your own views on ethical investing may change over time and therefore this fund may no longer meet your own personal views of ethical investing.
What you could get back?
See how your money could grow based on your premium and fund choice within a My Choice (ISA). This tool provides examples of what you could get back in the future based on a payment amount.
Calculate now.Calculate
Projected returns on
- lump sum
- per month
- Invested in the
- Over years at
- yearly payment increase rate
- * Total amount invested of at per month
0.25% assumed annual growth
3.25% assumed annual growth
6.25% assumed annual growth
[[intro]]
[[lowerFundCompliance]]
[[withFundCompliance]]
[[compliance]]
ISA Prize Draw
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!
Exclusions, terms and conditions apply
My Rewards gift voucher
After you apply we’ll send you a welcome gift – a My Rewards gift voucher worth up to £45. The more you choose to invest each month, the greater the value of your welcome gift. You can redeem your voucher at numerous retailers throughout the UK including Argos, John Lewis & Partners, and Marks & Spencer.
We will send your My Rewards voucher 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 gifts where multiple ISA applications have been made, and where we consider that the terms of this reward offer have been abused.
| Premium | Gift voucher value |
|---|---|
|
£10- £14.99 |
£15 My Rewards voucher |
My Benefits discount card
Another bonus we have to help our customers is our My Benefits Vectis discount card. After you have signed up for My Plans and opted to go paperless, we'll send you out the card in the post. Once you register the card online you are ready to make some fantastic savings and take advantage of special offers from leading brands such as ASDA, Costa, John Lewis and partners, B&Q, Currys, Sainsburys and many many more! You can also download the Vectis Card app in the App Store or Google Play, then use the card via the app on your mobile.
Ready to start investing?
It takes around five minutes to get started. You’ll just need a debit card and your national insurance number to hand. Please make sure you’ve read the Product Guide and Key Information Documents for the fund(s) you wish to select.
Helping families to save and invest for 160 years
-
Proud to be a mutual
We’re owned and run for the benefit of our members - people like you!
-
Award winning
We are proud of our achievements over the years and the awards we have won for our products and services.
-
Supporting the community
We care about our people, customers and our role in supporting the wider community.
Learn more
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.