You don't need to eat beans on toast every day to start saving. Invest in a My Sovereign Investment (ISA) from as little as £10 per month.
Cash in or raise, lower, stop and restart your payments at any time
Your money is guaranteed when you lock in your cash until the 10th anniversary
Invest tax-free from £10 a month, lump sums from £100, or a combination of both
Complete an application form via the Forces Mutual team or apply easily online.
Keep track of your investment online using the Scottish Friendly 'My Plans' online service.
Available to Serving, Retired, Ex-Forces, Reserves, Families, Contractors and Support Organisations.
Here are some frequently asked questions about the My Sovereign Investment (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.
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.