My Sovereign ISA

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Start securing your
tomorrow

Guaranteed ISA exclusively for the Military family

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No Income Tax

You pay no Income Tax on the interest you earn.

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No Risk Saving

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

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Affordable Saving

Invest from £10 per month or a lump sum from £100.

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-How it works

  • An ISA allows your savings and investments to grow tax free with no income tax to pay on the returns you make
  • You can put a total of £15,240 into an ISA this tax year – this is your ISA allowance
  • It is designed with regular savers in mind and those with lump sums who want to invest for 5 to 10 years
  • My Sovereign ISA is offered via the Scottish Friendly Unitised With-profits fund
  • Your money is guaranteed when you lock in savings until the 10th anniversary
  • You can check your investments are on track by logging into My Plans
  • You can access your money at any time but it is important to remember that If you access your money before or after the 10th anniversary, you may get back less than you paid in

+Be aware

  • This is not a Cash ISA, it’s a Stocks and Shares ISA
  • If you access your money before or after the 10th anniversary, you may get back less than you paid in

-What might I get back?

This depends on a number of factors

The amount you will get back from your My Sovereign Investment policy 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 policy.

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.

Here's an idea of how your investment could grow in the Unitised With-Profits fund.

We've based the charts on you investing for 10 years. Paying £30 a month for the first year, and then raising your monthly payments by 5% a year after that. So a total invested of £4,529 altogether. We've shown what you might get back based on three different growth rates (or 'projected returns').

What might I get back from a My Sovereign ISA

Remember, these charts are just to give you an idea of what you might get back. You could get back more or less than the example figures projected above and the total amount invested.

 

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Have any questions?

Here are some frequently asked questions about our 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 £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.

+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 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.

+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.

Existing customer?

Log in to My Plans