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 Prosperity (ISA), puts your money to work using the long-term growth potential of the stock market.
When you set up a My Prosperity (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. You can read more about the fund in the 'What funds can I invest in?' section.
Guaranteed at least what you've paid in on your 10-year anniversary
With My Prosperity (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The cash sum will initially be at least equal to the payments you've made, provided you haven’t withdrawn any of the money in your My Prosperity policy, or switched out of the Unitised With-Profits fund.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.
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 Prosperity (ISA) and My Plans you can:
- Increase, decrease, stop or restart your monthly payments
- Make one-off lump sum payments
- Add extra policies within your ISA
- And much more...
Find out more about My Plans