ISA with a guarantee

My Easy Choice (ISA) gives you a guarantee of at least as much as you have invested on your 10 year anniversary, as long as you don't make any withdrawals or switches out of the fund, as well as growth potential.

My Easy Choice (ISA) has a single fund with a guaranteed minimum cash lump sum on your 10-year anniversary of investing.

An investment ISA, which offers you tax-free growth potential.

Start investing from £10 a month or a lump sum of £100, or both.

You're in control. You can lower, raise stop and restart the amount you're paying in at any time.

Remember the value of investments can go down as well as up, and you could get back less than you’ve paid in, except on your 10 year anniversary where you are guaranteed to get at least as much as you have invested, provided you have made no switches or withdrawals. Tax-free means the fund grows free from tax, with the exception of tax we’ve already paid on your behalf (such as on dividends from UK shares).

Tax treatment depends on individual circumstances. Tax law may change in the future.

How it works

Important things to think about
About investing in this ISA
- My Easy Choice (ISA) is a medium to long-term investment of at least 5 years and ideally 10.
- As with all investments, it’s important to be aware that the value can go down as well as up, so you could get back less than you’ve paid in.
- When you set up a My Easy Choice (ISA), your money will be invested in an investment policy within a Scottish Friendly ISA. The policy then invests in our Unitised With-Profits fund, which you can read more about below.
- You can start your investment from £10 a month, make lump sum payments from £100, or you can combine monthly payments with a lump sum. It’s up to you.
- You can also choose to set an automatic yearly payment increase on your monthly payments. This means that, each year, your monthly payment would increase by 2.5%, 5% or 10% depending on what you've chosen. You can amend or remove this at any time.
About tax and ISAs
- Tax treatment depends on individual circumstances. Tax law may change in the future.
- Tax-free means the policy grows free of income or capital gains tax (other than tax that's already paid i.e. on dividends from UK shares).
- There are four different types of ISA - Investment ISA, Cash ISA, Innovative Finance ISA and Lifetime ISA - and you can have one of each in the current tax year.
- The current ISA limit is £20,000 and this is the total you can invest across all types of ISA each year.
Guide to ISAs
About the guaranteed minimum cash sum

Guaranteed at least what you've paid in on your 10-year anniversary

With My Easy Choice (ISA) you get a guaranteed cash sum if you cash in on the 10th anniversary of the start date of your investment, or every 5 years after this date. So this includes your 15th anniversary, 20th anniversary, 25th anniversary and so on.

The cash sum will initially be at least equal to the payments you've made, provided you haven't withdrawn any of the money in your My Choice policy, or switched out of the Unitised With-Profits fund.

Keep in mind if you cash in or make a withdrawal before or after the 10th anniversary, you could get back less than you have paid in.
An ISA with flexible payments that's easy to manage
We're sure you'll want to check up on and maintain your ISA with us every now and again. That's why we created the My Plans online tool where you can view and manage your policies. When you apply, sign up to the My Plans online service and opt to go paperless, we’ll send you a My Benefits card. With the My Easy Choice (ISA) and My Plans you can:
- Increase, decrease, stop or restart your monthly payments
- Make one-off lump sum payments
- Change your funds
- Add extra policies within your ISA
- And much more...
Always on the go? Once you’ve registered for My Plans, you can download the mobile app to keep track of your investments, giving you the freedom to monitor and control your My Easy Choice (ISA) wherever you may be. The mobile app allows you to access loads of great features, including:
- Adjusting your annual percentage increase rate
- Amending your Direct Debit date to suit you
- Changing your regular payment amount
- Switching funds
Find out more about My Plans and our mobile app.
Want to invest £100 or more a month?

If you can 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) offers you access to all the same funds that you have under My Choice (ISA). However if you can commit to investing for the longer term with at least £100 a month or maintain a policy value of at least £2,000, you will receive a 1% rebate of your investment fund value each year. Please note that if you choose to invest in the Guaranteed Cash fund, the rebate will only apply in the event that the growth rate from the underlying assets within the fund is 1.5% or more.

Find out more about My Prime (ISA)

Get an up to £45 welcome gift

Welcome gift

When you add a My Easy Choice (ISA) we'll send you a welcome gift - a My Rewards gift voucher up to £45 based on the monthly premium levels below. You can redeem your voucher at numerous outlets throughout the UK including the Argos, John Lewis & Partners and Marks & Spencer.

Premium	Gift voucher value
£10 - £14.99 £15 - £19.99 £20 - £24.99 £25 - £29.99 £30 - £34.99 £35 - £39.99 £40+	£15 My Rewards voucher £20 My Rewards voucher £25 My Rewards voucher £30 My Rewards voucher £35 My Rewards voucher £40 My Rewards voucher £45 My Rewards voucher

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.

What you could get back

Because your investment is linked to the stock market, it’s impossible to tell you the exact return you may get in the future - but we can give you a rough idea of what you might get back, based on your premium and investment in our Unitised With-Profits fund within a My Easy Choice (ISA).

About our Unitised With-Profits fund

Invest in a single fund

My Easy Choice (ISA) invests in one fund - the Unitised With-Profits fund.

The information and Key Information Document (KID) below gives you an overview of the fund and should be read alongside the Product Guide.

Fund information

Fund name and summary	Grading	Benefits	Things to think about
Unitised With-Profits fund 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.	Low expected risk and return	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 less your policy charges.	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.
Download the Key Information Document for the Unitised With-Profits fund

What could I get back?

Apply online

Before you apply..

Make sure you're comfortable with the way our My Easy Choice (ISA) works, and that you've read the Product Guide and fund Key Information Document.

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 an independent financial adviser for advice. Advisers may charge for providing such advice and should confirm any cost beforehand.

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