It doesn't take much to get started

From just £10 a month, you could start a My Prosperity (ISA) investment with Scottish Friendly. 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 Prosperity (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 Prosperity (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 percentage you set 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 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The cash sum will initially be at least equal to the payments you've made, provided you haven’t withdrawn any of the money in your My Prosperity policy, or switched out of the Unitised With-Profits fund.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, pause 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

Invest in a single fund

My Prosperity (ISA) offers a straightforward option of investing in one fund - the Unitised With-Profits fund.

The information and Key Information Documents (KID) below gives you an overview of the fund together with any fund charges 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 are wishing to make a lump sum investment you can see an example of what you might get back in the Product Guide document.

Welcome gift

After you start investing in a My Prosperity (ISA) we’ll send you a welcome gift - a £25 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 gift where multiple ISA applications have been applied for, 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.

Knowing you’re protected

Your money is protected by the Financial Services Compensation Scheme. Full details of the level of protection can be found in the Product Guide document. If you want to know more about the scheme itself, we've more information to help.

More about the Financial Services Compensation Scheme