ISAs are a tax efficient way of investing your hard earned cash. There are two main types of ISA: Cash ISAs and Investment ISAs, also known as Stocks and Shares ISAs.
At Scottish Friendly, we offer Investment ISAs. The My Choice (ISA) is a medium to long-term investment generally considered to be at least 5 years and ideally 10 or more. We realise that a lot can change over the years so we've designed this ISA to give you maximum flexibility. Below are some of the features of both ISAs, to help you make the right decision to suit your goals.
A savings account that allows you to put money aside tax-free. This means that the taxman can't touch any interest you earn on your savings. Cash ISAs are generally considered secure as the amount you've saved won't go down, and they are usually easy to access too.
Invest in a range of funds which includes assets, such as bonds, property or stocks and shares and grows free of tax (other than tax that's already paid, i.e. on dividends from UK shares).