Compare Scottish Friendly ISAs
Scottish Friendly ISAs are available to UK investors where you can invest from £10 pm.
Scottish Friendly offer investment ISA plans for adults and children with current offers available in the table above.
Are you investing for yourself or a child?
If investing for a child under 18 Scottish Friendly offer a Junior ISA. Opening a Junior ISA for a newborn child, means you will have lots of time to see your savings or investment grow as the ISA account does not become the property of the child until their 18th birthday.
Junior ISAs, like their adult counterparts, also come in Cash and Investment versions so you need to decide which type is right for your child.
With Scottish Friendly, you have the option of opening an adult Investment ISA in your own name after which you could open an additional ISA in a child's or grandchild’s name. As long as you remain within your annual ISA allowance, you can open as many ISAs as you like. By using your own ISA allowance, this could give you more control over your child’s investment than a Junior ISA which belongs to the child.
What is your attitude to investment risk?
Cash ISAs are traditionally viewed as a 'risk-free' option and while the balance of your account will never decrease if you do not take withdrawals over a longer period of time, the reality is that with inflation running currently at 0.6% pa (as at July 2016) the real value of your money is at risk. The value of a pound today is not the same as the value of a pound in 10 years time!
With an investment ISA the risk that you are taking on really depends on the type of investment you are getting into. Scottish Friendly offer a broad range of risk rated funds, ranging from With Profits which can offer capital guarantees at the lower end of the risk scale, to stock market funds where your money can rise or fall in line with the markets.
As a general rule of thumb the higher the potential risk, the higher the potential reward. Again risk is generally reduced with investments in relation to the amount of time you are willing to leave your money before withdrawing it, although you can get back less than you've paid in.
Why Scottish Friendly
Scottish Friendly was established back in 1862 and is a dynamic award-winning financial services company providing a wide range of investment plans and services. They currently look after more than £2.6 Billion of funds under management (as at 31/12/15) and have over a million policyholders. Of course, their history or size is no guide to the future.
Scottish Friendly is a member of the Association of Financial Mutuals (AFM). Mutual insurers only work for their customers and not external shareholders. So when you invest with them, you'll be sharing in the success of Scottish Friendly.