My Sovereign Investment (ISA)

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*Terms and conditions apply. T&CsRead them here.

Don't count your chickens before they've hatched

Make a smart move to saving. Take out a My Sovereign Investment (ISA) and start saving now

An investment ISA is a tax efficient means of saving for your future.

The My Sovereign Investment (ISA) is a stocks and shares ISA

How it works
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You're in Control

Cash in or raise, lower, stop and restart your payments at any time

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10 Year Guarantee

Your money is guaranteed when you lock in your cash until the 10th anniversary

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Affordable Saving

Invest tax-free from £10 a month, lump sums from £100, or a combination of both

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Easy to Apply

Complete an application form via the Forces Mutual team or apply easily online.

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Keep Track

Keep track of your investment online using the Scottish Friendly 'My Plans' online service.

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Available to You

Available to Serving, Retired, Ex-Forces, Reserves, Families, Contractors and Support Organisations.

Apply NowTake out a My Sovereign Investment (ISA) today

Applying is safe, easy and you can complete your application online today

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How the My Sovereign Investment (ISA) works

 

Investment features

  • Use your Investment ISA allowance to invest tax-free from £10 a month, lump sums from £100, or a combination of both.
  • Once you have set up My Sovereign Investment (ISA) you can cash in or raise, lower, stop and restart payments at any time.
  • Provided you haven't made any withdrawals, on the 10th anniversary of the start date of your investment, you are guaranteed to get back at least as much as you have invested.
  • Your money will be invested in a My Sovereign Investment (ISA) within a Scottish Friendly ISA which buys units in the Scottish Friendly Unitised With-Profits fund which may include stock market, property, cash and bond assets.

 

What you need to consider

  • My Sovereign Investment (ISA) is a medium to long-term investment of at least 5 years and ideally 10.
  • As with all investments, it's important to be aware that the value can go down as well as up, so you could get back less than you've paid in.
  • When you cash in or take a withdrawal from your investment, the value of your units may either be increased by a final bonus or reduced by a market value reduction to bring it into line with the performance of the assets within the With-Profits fund.
  • You should regularly check your investments are on track by logging into My Plans
  • The tax treatment of your ISA depends on your individual circumstances and the levels and basis of taxation may change in the future. This may reduce the amount you get back or increase the amount of tax you pay.

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What might I get back?

This depends on a number of factors

The amount you will get back from your My Sovereign Investment (ISA) will depend on how much you have paid in, the length of time it has been invested, the investment performance in the fund over this time and the amount of money, if any, you have taken out of your investment.

It's important to note that if you cash in your money before the 10th anniversary, it is not guaranteed and you may get back less than you have paid in.

What might I get back from my investment?

Projected returns on £30 per month invested over 10 years and the effect of increasing your contributions each year*

What might I get back from a My Sovereign Investment (ISA)


*Total amount invested of £3,600 at 0% annual payment increase, £4,034 at 2.5% annual payment increase, £4,529 at 5% annual payment increase and £5,737 at 10% annual payment increase.



Projected returns on £2,000 single premium invested over 10 years

What might I get back from a My Sovereign Investment (ISA)

Projected returns for illustration only. Remember your original investment is not guaranteed and you could get back less than the amounts shown.

These figures are only examples and are not guaranteed. They are not minimum or maximum amounts. What you get back depends on how your investment grows, the actual level of future bonuses and on the tax treatment of the investment which could change in the future. You could get back more or less than the figures projected above. Your original investment is guaranteed if you cash in on the 10th anniversary of the start date of your investment; if you cash in or withdraw on a different date you may get back less than you have invested. Do not forget that inflation would reduce what you could buy in the future with the amounts shown.

For more details on the effect of charges on your plan, please see the PDF Key Information Document and PDF Product Guide.

The annual rates of growth for the illustration have been based on a reasonable estimate of potential returns. They are subject to the maximum projection rates specified by the Financial Conduct Authority. All figures include the deduction of actual charges assumed on the plan. These charges may vary in the future.

Scottish Friendly will send you a statement twice a year showing your ISA's current value.

 

Have any questions?

Here are some frequently asked questions about the My Sovereign Investment (ISA)

+What is an 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 £20,000 into an ISA this 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.

+How will it work for me?

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 ISA 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.

The PDF Key Information Document gives you an overview of each fund and should be read alongside the PDF Product Guide.

+Can I access my money if I need to?

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.


Manage your existing My Sovereign Investment (ISA)

Log in to Scottish Friendly My Plans