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Unit Linked Funds
With our friendly pricing, the more you invest, the less you pay in charges, giving your investment more potential for growth.
Unitised With-Profits Fund
Our Unitised With Profits Fund comes with a special reduction in charges that began in January 2025 and is subject to ongoing review.
Unit Linked Funds
The more you have invested, the lower your fees could be. Our friendly pricing structure is designed to reward you for growing your investments.
If your ISA or Junior ISA invests in one or more of our Unit Linked Funds, your Annual Management Charge will be based on the combined value of your ISAs or Junior ISAs with us.
Here's how it works:
| Tier | Total Unit Linked Fund Value | Annual Management Charge (AMC) | Example Annual Charge Deducted |
| 1 | £0 - £5,000 | 1.5% | £75 |
| 2 | £5,001 - £20,000 | 1.0% | £100 |
| 3 | £20,001 and over | 0.5% | £325 |
Unit Linked Funds - Examples
Here’s a simple example of how the charge is applied below:
Mary has a total amount of £40,000 invested in Scottish Friendly ISA pots, and John has a total amount of £2,500. The table below shows how the charges are applied and that the overall % charge for Mary is lower than for John, because she has more money invested, which is charged at a lower rate overall.
| Mary's Fund value | AMC | Annual Charge Deducted |
| £5,000 | 1.5% | £75 |
| £15,000 | 1.0% | £150 |
| £20,000 | 0.5% | £100 |
| £40,000 | £325 | |
| Overall charge = £325 / £40,000 = 0.8% |
| John's Fund value | AMC | Annual Charge Deducted |
| £2,500 | 1.5% | £37.50 |
| £0 | 1.0% | £0 |
| £0 | 0.5% | £0 |
| £2,500 | £37.50 | |
| Overall charge = £37.50 / £2,500 = 1.5% |
Unitised With-Profits Fund
Investments in our Unitised With-Profits Fund currently benefit from a reduction in the bonuses declared in the fund, equivalent to a 0.25% reduction in charges from 1.5% to 1.25%. This reduced rate of 1.25% is part of an ongoing offer that began in January 2025 and is subject to regular review.
Here's a simple example of how the charge is applied below:
John has a total amount of £25,000 invested in the Unitised With-Profits Fund, he would normally incur a charge of £375 (1.5%) each year to cover the costs of his policy. The special offer now means that John will be charged £312.50 (1.25%).
| Total Unitised With-Profits Fund Value | Charging Structure | Calculation Breakdown | Annual Management Charge |
| £25,000 | Original Charge: 1.5% Reduction: 0.25% | Original: £25,000 * 1.5% = £375 Reduction: £25,000 * 0.25% = £62.50 | £312.50 |
Annual Management Charge Calculator
Our low charges help you keep more of the money you make. Use the calculator below to estimate what your charges could be based on how much you want to invest.
Just enter how much you want to invest (or have invested) in the boxes below.
Taking care of your future together
We're here to make investing in your family's future friendly and fuss-free. Not sure where to start or looking to find out more? Don't worry. We'll guide you every step of the way.
Frequently Asked Questions (FAQs)
Read our Frequently Asked Questions to help answer any queries you might have.