Add a My Choice pot to your child's Junior ISA
Continue investing towards their hopes and dreams, whether that's for university fees or a gap year adventure.
You could boost your child's future goals by adding a My Choice pot to their existing Scottish Friendly Junior ISA.
Capital at risk.
Find out more...
Add a pot to the child's Junior ISA from just £30 a month and / or a £50 lump sum.
Add as many pots as you like as long as you stay within the child's annual £9,000 Junior ISA allowance.
Give your pot a name to help you keep track, for example 'Car fund' or ‘Gift from Granny'.
Keep in mind that stock market investments can go down as well as up, so your child could get back less than you've paid in. Tax treatment depends on individual circumstances and tax rules could change in the future. The funds in a Junior ISA belong to the child and can only be accessed by them when they turn 18.
Investment fund choices
Add a My Choice pot to their Junior ISA and:
We'll put their money into a My Choice investment policy (sometimes referred to as a pot) within their Scottish Friendly Junior ISA.
The policy then invests in the fund(s) already chosen for them by their parent or guardian. As the money you invest belongs to the child, they will be able to access it without paying any tax on any money they withdraw when they turn 18.
The fund information together with the Key Information Documents (KIDs) give you an overview of each fund, including any charge and should be read alongside the Product Guide.
More Scottish Friendly benefits
Scottish Friendly offers a range of benefits designed to offer you potential value. Explore the perks below.
My Benefits Card
As a customer of Scottish Friendly when you register for My Plans and choose to go paperless, we’ll reward you with the My Benefits card which gives you access to fantastic savings and offers from thousands of leading retailers.
My Transfers
If your child has a Junior ISA with a different provider, transferring it to Scottish Friendly is straightforward.
With our range of investment options, we could help boost their financial future. And with our friendly pricing, the more you invest the lower your overall charge could be.
Plus, when you transfer an existing Junior ISA to Scottish Friendly you could receive a My Rewards gift voucher worth up to £500.
Find out about our simple process and gift qualifying terms and conditions here.
Important info before you get started
It takes around ten minutes to apply. You’ll just need your bank details and your National Insurance number to hand. Plus, the child's date of birth and their client reference number (you can get this from their parent or guardian).
Please make sure you’ve read the Product Guide.
Scottish Friendly does not provide financial advice. The information provided is intended to help you make an informed decision about whether this product is right for you. If you are unsure, please seek advice from a financial adviser, who may charge for their services and should explain any fees in advance.
To apply for this Junior ISA, your child must be under 18, be a UK resident and either not hold a Child Trust Fund or hold a Child Trust Fund with the intention to transfer it to this Junior ISA. You can subscribe to only one Stocks & Shares Junior ISA each tax year for your child. For the current tax year, the overall maximum you can save in both their Junior ISA types is £9,000. Once invested, the money belongs to the child and can only be accessed by them once they turn 18. Whilst your investment may be locked away on your child’s behalf for up to 18 years (depending on the age of your child when you set up their Scottish Friendly Junior ISA) you should be thinking of investing over at least five years. Their investment will grow free from tax, except for any tax we pay on their behalf (such as on dividends from UK shares). Tax treatment will depend on individual circumstances and may be subject to change in the future. Stock market investments can go down as well as up and your child may get back less than you’ve paid in.
FAQs
Below you’ll find answers to some questions about this investment option.
Download our My Plans app
The My Plans app gives you a convenient way to stay connected to your investments and see how you're progressing towards your financial goals.
Your investments at your fingertips
Quick & secure biometric login
Set goals & track your progress
Manage investment pots within their Junior ISA
Access your account anytime, anywhere
