My Prime (ISA)

More money and committed to investing towards your savings goals? Then we can help.

Put the growth potential of the stock market at your fingertips to invest for your future with this ISA.

Capital at risk.


Winner of the Best Mutual Insurer for the 5th year running at the 2023 awards.


Invest alongside other ISA types up to your annual £20,000 ISA limit.

growth pot

Split your ISA into pots to manage multiple investment goals.

Please note that Scottish Friendly doesn’t offer a Cash ISA. Keep in mind stock market investments can go down as well as up, so you could get back less than you’ve paid in. Tax treatment depends on individual circumstances and tax rules could change in the future.

My Prime (ISA) charges

Our funds have an annual management charge of 1.5% included in the fund price. 

However, as a thank you for your long-term commitment to investing we will credit your policy each month with a 1% rebate of your fund value as long as you have an active payment of £100 a month or more, or your policy has a value of £2,000 or more. This means you will effectively pay just 0.5% a year.

Please bear in mind that, to receive the rebate of 1%, each pot requires regular monthly investment of at least £100 or holds a policy value of at least £2,000 – this is because we apply your cash rebate value at individual fund level within your policy.

The cash rebate value will only apply to the Guaranteed Cash fund in the event that the growth rate from the underlying assets within the fund is 1.5% or more.

More information can be found in our Product Guide.


Transferring an existing ISA

If you already have an Investment ISA, you can transfer it over to a My Prime (ISA) with us. You don’t need to withdraw the money from your existing ISA to pay it into a new one. If you do, it will count towards your current year’s ISA allowance. Instead, you can request a transfer.

To do this you would fill in the My Prime (ISA) application as you would normally if you were applying for the ISA and during the application select the transfer option. After you have completed the application, you would download the transfer application and send back to us.

Unfortunately, we are unable to accept transfers from flexible ISAs.

holiday luggage

Your 10 investment choices

Get yourself a My Prime (ISA), and:

  • We'll put your money into a My Prime investment policy within a Scottish Friendly ISA.

  • Take your pick from 10 funds with different levels of risk and reward to create your very own investment strategy.

  • The policy then invests in the fund(s) that you choose.

This information together with the Key Information Documents (KIDs) gives you an overview of each fund including any charges and should be read alongside the Product Guide.

isa guide

Discover what you might get back

See how your money might grow with a My Prime (ISA) using our handy tool to provide examples.

Please select a fund

More Scottish Friendly benefits

Scottish Friendly offers a range of benefits designed to offer you potential value. Explore the perks and our prize draw below.

my benefits

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.

prize draw

My Prize Draw

When you open a new ISA or add a new policy to an existing ISA with us, you’ll automatically be entered into our prize draw for a chance to be one of three lucky winners to win back the total amount you’ve invested this tax year, up to £20,000. Exclusions, terms and conditions apply.

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.

Please make sure you’ve read the Product Guide and Key Information Documents for the fund(s) you wish to select.

New customers

Apply Now

Scottish Friendly doesn’t provide advice. The information provided should help you decide if the plan is suitable for you. If you’re not sure whether this plan is suitable, you should contact a financial adviser. Advisers may charge for providing such advice and should confirm any cost beforehand.

To apply for this ISA, you need to be 18 or over and a UK resident. For the current tax year, the overall maximum you can save across all your ISA types is £20,000. Please remember that this is a medium to long term investment (of at least 5 years, preferably 10). Your investment will grow free from tax, except for any tax we pay on your behalf (such as on dividends from UK shares). Tax treatment will depend on your own circumstances and may be subject to change in the future. Investments can go down as well as up and you may get back less than you’ve paid in.

Why invest with Scottish Friendly?

  • We've been helping families for over 160 years

  • Our contact centre is based in the UK

  • With no shareholders we work hard for you

  • Trusted by over 814,000 investors and looking after assets worth over £4.5 billion, as of 26th April 2023

sf tree

My Plans app

Take control of your Scottish Friendly ISA and Junior ISA investments wherever you are with the My Plans App. It offers a secure and easy way to manage your accounts, check your investments, and make changes on the go.

On your mobile or tablet, open the camera and point your device at the QR code. A link will pop up, tap this, and you’ll be taken straight to download the app.