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Scottish Friendly launches new ISA partnership

Scottish Friendly, one of the UK’s leading mutual societies, has launched a new partnership with its Bonus ISA which gives savers the chance to use their Stocks and Shares ISA allowance with a cash back of their initial charges. In addition the ISA provides a guarantee that client will get back at least the amount invested (less the refunded initial charges) on the 10th anniversary of the investment.

This special offer with the Scottish Friendly Bonus ISA will run exclusively on consumer cashback and voucher website, Quidco.com. Savers will pay an initial charge of 4% on a minimum £1000 investment but this will be reimbursed in cashback via Quidco after the 30 day cancellation period. Bonus ISA customers will also receive a £5 cashback when their transaction is validated to cover the membership paid to join the Quidco website.

For example an investor taking advantage of this offer could pay £5 to join Quidco and then invest £1000 in a Scottish Friendly Bonus ISA. Once their application has been validated the investor will receive £45 in cash-back from Quidco (a net investment of £960) and a guaranteed return of at least £960 from Scottish Friendly on the 10th anniversary of their plan.

This year savers can take advantage of a stocks and shares tax free allowance of £10,680. And with interest rates still low and inflation still high it may just be the time to take a chance with stocks and shares but with the reassurance that the original amount invested (less initial reimbursed charge), plus any bonuses secured throughout the plan, will be locked in on the 10th anniversary. The value of bonuses depends upon how much profit the fund has generated and how Scottish Friendly decides to distribute the money. These bonuses are then applied through a daily price rise on units in the With-Profits Fund.

Neil Lovatt, sales and marketing director of Scottish Friendly said:

We know from our own research that many investors only use their cash ISA allowance of £5,340 and don’t bother with their Stocks & Shares ISA allowance for fear of losing money. This deal with Quidco means that the Scottish Friendly Bonus ISA now gives investors the potential of a managed investment but – after charges have been rebated - with the comfort of a minimum return of at least the sum invested on the 10th anniversary of the investment.

Now is the ideal time to start making use of your tax free allowance as it gives your money more time to grow and you are protecting it from the taxman as well as risk of capital loss.

For further information on the Bonus ISA log onto: www.quidco.com/scottishfriendly

Scottish Friendly launches new ISA partnership

Scottish Friendly, one of the UK’s leading mutual societies, has launched a new partnership with its Bonus ISA which gives savers the chance to use their Stocks and Shares ISA allowance with a cash back of their initial charges. In addition the ISA provides a guarantee that client will get back at least the amount invested (less the refunded initial charges) on the 10th anniversary of the investment.

This special offer with the Scottish Friendly Bonus ISA will run exclusively on consumer cashback and voucher website, Quidco.com. Savers will pay an initial charge of 4% on a minimum £1000 investment but this will be reimbursed in cashback via Quidco after the 30 day cancellation period. Bonus ISA customers will also receive a £5 cashback when their transaction is validated to cover the membership paid to join the Quidco website.

For example an investor taking advantage of this offer could pay £5 to join Quidco and then invest £1000 in a Scottish Friendly Bonus ISA. Once their application has been validated the investor will receive £45 in cash-back from Quidco (a net investment of £960) and a guaranteed return of at least £960 from Scottish Friendly on the 10th anniversary of their plan.

This year savers can take advantage of a stocks and shares tax free allowance of £10,680. And with interest rates still low and inflation still high it may just be the time to take a chance with stocks and shares but with the reassurance that the original amount invested (less initial reimbursed charge), plus any bonuses secured throughout the plan, will be locked in on the 10th anniversary. The value of bonuses depends upon how much profit the fund has generated and how Scottish Friendly decides to distribute the money. These bonuses are then applied through a daily price rise on units in the With-Profits Fund.

Neil Lovatt, sales and marketing director of Scottish Friendly said: “We know from our own research that many investors only use their cash ISA allowance of £5,340 and don’t bother with their Stocks & Shares ISA allowance for fear of losing money. This deal with Quidco means that the Scottish Friendly Bonus ISA now gives investors the potential of a managed investment but – after charges have been rebated - with the comfort of a minimum return of at least the sum invested on the 10th anniversary of the investment.”

“Now is the ideal time to start making use of your tax free allowance as it gives your money more time to grow and you are protecting it from the taxman as well as risk of capital loss."

For further information on the Bonus ISA log onto: www.quidco.com/scottishfriendly