You pay no Income Tax on the interest you earn.
Your money is guaranteed when you lock in your cash until the 10th anniversary
Invest from £10 per month or a lump sum from £100.
Here are some frequently asked questions about our ISA
ISA stands for Individual Savings Account
An ISA allows your savings or investments to grow tax-efficiently. This means that there’s no income tax to pay on the interest that you earn.
You can put a total of £15,240 into an ISA each tax year which starts on the 6 April and ends on the 5 April the following year, this is referred to as your ISA allowance.
The My Sovereign Investment ISA is a stocks and shares ISA
It is designed for customers that want to invest monthly or as a lump sum with the view of a medium to long-term investment (5-10 years).
The policy offers potential growth on investments via the Scottish Friendly Unitised With-Profits fund and combines this with an element of security in that your money is guaranteed when you lock in until the 10th anniversary.
Yes, you do have access to your money at all times BUT it is important to remember that any withdrawal before or after the 10th anniversary and you may get back less than you have paid in.