My Ethical Select (ISA)

My Ethical Select (ISA) invests in a fund linked to an index, only of ethical global companies, aiming to deliver a positive impact. Companies with little, if any, direct exposure to things like non-renewable energy, gambling, tobacco and companies not meeting the UN Global Compact Principles. It gives your money access to the growth potential of investing in a more responsible way that can be mutually inclusive of your values, too.

But please remember, your own views on ethical investing may change meaning the fund over time may no longer meet your own personal views of ethical investing.

Ethical investing that doesn’t cost the earth

You can invest in a My Ethical Select (ISA) with Scottish Friendly from just £10 a month but if you want to push your budget further, you can. You can also make lump sum payments from £100, or you can combine monthly payments with a lump sum. It's up to you.

Make the most of your ISA allowance

The current tax-free ISA allowance means that you can put a total of £20,000 into a My Ethical Select (ISA) in the current tax year.

This is the total amount you can invest across all types of ISA. So, if you have already saved in a Cash ISA, Innovative Finance ISA or Lifetime ISA this year, this will reduce the amount you can invest in a My Ethical Select (ISA).

Read more about tax and ISAs in the important things to think about tab.

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, pausing your payments will mean you take longer to reach it.

You can also choose to automatically raise your monthly payment amount by a set percentage 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 ISA or traditional savings account, you don't earn interest on the money you pay in.

Instead, an Investment ISA - like My Ethical Select (ISA) - puts your money to work using the long-term growth potential of the stock market.

When you set up a My Ethical Select (ISA), your money will be invested in an investment policy within a Scottish Friendly ISA. The policy then invests in our International Ethical fund, which you can read more about in the 'What funds can I invest in?' section.

Split your investment for each of your goals

With our ISA you can keep track of each of your financial goals by splitting it into different policies. You can give each policy a name to help you remember what you're investing for in the future.

As long as you stay within your ISA allowance, you can add as many policies as you like.

Managing your investment

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.

With the My Ethical Select (ISA) and My Plans you can:

• Increase, decrease, pause 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 Ethical Select (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

Invest in a single fund

My Ethical Select (ISA) invests in one fund - the International Ethical fund.

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

The 'How your investment could grow' tool in the section below provides additional examples of what you could get back in the future based on a payment amount which is lower than that shown in the KID.

Fund information

What could I 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

If you want to make a lump sum investment you can see an example of what you might get back in the Product Guide document.

The tool below provides examples of what you could get back in the future based on a payment amount which is lower than that shown in the Key Information Document for each fund.

Use our handy tool below to see how your money could grow based on your premium and fund choice within a My Ethical Select (ISA).

Welcome gift

When you invest in a My Ethical Select (ISA) we’ll send you a welcome gift - a £50 My Rewards gift voucher. You can redeem your voucher at numerous outlets throughout the UK including the Apple Store, John Lewis & Partners and Love2shop.

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.

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.