Investment Bonds

Whether you're starting out with investments, or you've already used up your ISA allowance, an Investment Bond could be for you. With our Scottish Bond and Child Bond you could start investing tax-free for you or a special child in your life today.

The value of investments can go down as well as up so you could get back less than you've paid in and if you cash in within the first two years, you'll get nothing back.

Tax treatment depends on individual circumstances and tax rules could change in the future. Tax-free means the investment grows free from tax, with the exception of any tax that we've already paid on your behalf (for example on dividends form UK shares).

Scottish Bond

Start from only £15 to £25 a month.

Lock in your investment for 10 years.

A small amount of life cover is also included.

Learn more and apply

Child Bond

Start from only £10 to £25 a month.

Invest for either 10 years, or until the child's 18th or 21st birthday.

A small amount of life cover for the child is also included.

Learn more and apply

Investment Bonds quick guide

Investment Bonds, or Tax-Exempt Savings Plans (TESPs for short) can be a tax efficient way of building up a lump sum for you or your family.

A tax allowance exclusive to Friendly Societies - like Scottish Friendly.

Invest up to £25 a month in addition to your ISA allowance.

An element of life cover is built in as a condition of the tax status.

Please remember tax treatment depends on individual circumstances and tax rules could change in the future.

Since 1862

We've been helping families to save and invest for over 150 years and proud to be one of the largest mutuals in the UK.
We're a mutual

As a mutual, we're owned and run for the benefit of our members. We don't have shareholders, so any profits are normally reinvested for the interest of our members.
You're protected

Your money is protected by the Financial Services Compensation Scheme.

All about us

Investment Bonds

Since 1862

We're a mutual

You're protected