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Scottish Friendly ISA

Tax FREE Saving From £10pm

Investment ISAs put your capital at risk & you may get back less than you originally invested

Junior Stocks & Shares ISA

from Scottish Friendly

Regular Savings
  • Invest From: £10 pm
  • Investment Options: A selection of 9 funds so you can tailor your child's investment. Capital at risk.

Stocks & Shares ISA

from Shepherds

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in the Shepherds With Profits Fund which offers medium to low risk investing, with the aim of growing your money in a smooth manner over the long term.
  • Invest From: £30 pm

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 2,500 funds, shares, investment trusts and more to build your portfolio.
  • Invest From: £25 pm

Stocks & Shares ISA

from Nutmeg

Allows ISA Transfers
  • Fund Choice: Nutmeg offer 4 diversified portfolios with ETFs, using technology to keep charges low.
  • Invest From: Min. £500 single

Stocks & Shares ISA

from Fidelity

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK.
  • Invest From: £25 pm

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
Regular Savings
  • Fund Choice: Wide range of stocks and shares, over 2,000 funds (unit trusts and OEICs), investment trusts and ETFs. Capital at risk.
  • Invest From: £25 pm

Stocks & Shares ISA

from Interactive Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds.
  • Invest From: £25 pm

Stocks & Shares ISA

from Fineco

Allows ISA Transfers
  • Fund Choice: A complete multi-currency platform with low fees. Premium trading without premium prices. Choice of worldwide asset managers.
  • Invest From: £100

Stocks & Shares ISA

from Wealthify

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have an investment Plan built and managed for you.
  • Invest From: £1

Stocks & Shares ISA

from Moneyfarm

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
  • Invest From: £1,500

Share Dealing ISA

from IG

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £8.00

Investment ISA

from Barclays Smart Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in shares, funds, investment trusts, exchange traded funds. 5 Ready made portfolios if you are not sure where to invest. Capital at risk.
  • Invest From: £1 pm

Junior Sustainable Stocks & Shares ISA

from Shepherds

Regular Savings
  • Invest From: £10 pm
  • Investment Options: The fund aims to invest in sustainable companies that offer long-term growth, while making a positive difference to the world your child grows up in. Capital at risk.

Junior Stocks & Shares ISA

from Hargreaves Lansdown

Regular Savings
  • Invest From: £25 pm
  • Investment Options: Invest in over 3,000 funds, UK and overseas shares, investment trusts and ETFs. Capital at risk.

Junior Stocks & Shares ISA (Future World ESG Developed Index Fund)

from Legal & General

Regular Savings
  • Invest From: £25 per month
  • Investment Options: Invests in broad developed stock markets, such as the US, Japan and Europe. Capital at risk.

Junior Ethical Stocks & Shares ISA

from Nutmeg

Regular Savings
  • Invest From: £100 lump sum
  • Investment Options: Nutmeg offer a socially responsible junior investment ISA which places emphasis on environmental and social and governance factors. Capital at risk.

Junior Stocks & Shares ISA

from AJ Bell

Regular Savings
  • Invest From: £25 pm
  • Investment Options: AJ Bell offer a wide range of investments including shares, funds, investment trusts and ETFs (exchange traded funds). Capital at risk.

Junior Stocks & Shares ISA

from Interactive Investor

Regular Savings
  • Invest From: £25 pm
  • Investment Options: Choose from more than 40,000 UK and global investment options for your child's ISA. Capital at risk.

Junior Stocks & Shares ISA

from Nutmeg

  • Investment Options: Invest in one of four expertly designed portfolios depending on your investment style. Capital at risk.

Junior Stocks & Shares ISA

from Wealthify

Regular Savings
  • Invest From: £1
  • Investment Options: Choose from one of five investment styles based on risk, and a team of experts build your child’s Junior ISA, choosing which investments to buy and managing them on your behalf

Why Scottish Friendly?

Scottish friendly was founded in 1862 originally as the City of Glasgow Friendly Society and offers a broad range of financial services and investment products.

In 2019, Scottish Friendly took over a significant portion of business from Canada Life which dramatically expanded the company’s assets.

With over £5bn of assets under their control, they are considered a major player in the financial services industry and have a firmly established history and reputation.

Scottish Friendly was also awarded the ‘Best Junior ISA Provider’ at the Investment Life & Pensions awards in 2019.

What is an ISA?

An ISA account is a savings account that shelters your money from tax.

Savings in an ISA account are shielded from the following taxes:

  1. Income tax
  2. Dividend tax
  3. Tax on interest
  4. Capital Gain Tax

No matter how well your ISA savings perform, you never need to worry about paying tax on them - even when you withdraw your money from your ISA account.

The government only allows you to contribute a certain amount of money to ISA accounts each year. For the current tax year, the ISA allowance is £20,000 which means you can’t add more than this.

What are the different types of Scottish Friendly ISA accounts?

Currently, Scottish Friendly only offer Investment ISAs (also known as Stocks and Shares ISAs).

They don’t currently offer a Cash ISA, Innovative Finance ISA or a Lifetime ISA.

What are Scottish Friendly Investment ISAs?

Scottish Friendly currently offer four types of Investments ISAs, and they differ based on the underlying investments they hold and how you select them:

  • My Choice ISA
  • My Prime ISA
  • My Easy Choice ISA
  • My Ethical Choice ISA

The four Investment ISA types are similar, but vary in the underlying funds you can invest in.

My Choice ISA:

Choose from 10 Scottish Friendly funds to invest in from lower to higher risk. You can mix and match between the 10 funds to get a diversified ISA portfolio. You can invest from £10 per month or with a £100 lump sum.

My Prime ISA:

My Prime ISAs are similar to My Choice ISAs in that you can choose from the same 10 funds to invest in. However, you have to contribute at least either £100 per month or a £2,000 lump sum compared to lower amounts for My Choice ISAs. As a reward for committing more of your savings, you pay lower ongoing charges.

My Easy Choice ISA:

Instead of picking from 10 funds, a My Easy Choice ISA invests in one fund. In this ISA, you are guaranteed to get back at least what you invest after holding your ISA for 10 years provided you don’t make any withdrawals or switches.

My Ethical Choice ISA:

With a My Ethical Choice ISA, you’ll invest in Scottish Friendly's ethical fund. This fund invests with certain ethical and social responsibilities in mind, but you don’t have the ability to pick between different ones. You can invest from £10 per month or with a £100 lump sum.

How do I open a Scottish Friendly ISA?

You can open a Scottish Friendly ISA through their website, over the phone or by post and you’ll need to add money to start your account. You can do this by setting up a regular contribution or paying in with your debit card or by cheque.

FAQs

Do I pay tax when withdrawing from an Investment ISA?

No, you never need to pay tax withdrawing money from an ISA.

How long does it take to withdraw from an Investment ISA?

You can withdraw from a Scottish Friendly ISA at any point, and withdrawals usually complete in around 5 working days.

Can my investments go down in an Investment ISA?

Yes, as they are Stocks and Shares ISAs the money you invest will go up and down in value so you could lose money. The higher risk your portfolio is, the more it will likely fluctuate in value.

How can I manage my Investment ISA?

You can manage your account online through the online portal to add or withdraw money, change your investments, or make other adjustments.

They also have a mobile app so you can manage your ISA account from your mobile phone.

How do I add money to my Investment ISA?

You can top up online via debit card or a regular payment, or you can call their helpdesk to add money over the phone, or by cheque in the post.

Can I transfer my ISA into an Investment ISA?

Yes, you can transfer your existing ISA account into an Investment ISA. You’ll need to complete an ISA transfer form, which you can get from your new provider’s website.

Does my ISA allowance roll over each year?

No, you lose any unused ISA allowance each tax year when it refreshes.

How much can I withdraw from an Investment ISA?

You can withdraw as much as you want from your Investment ISA at any time. Remember, you won’t be able to add the funds back in without it counting towards your ISA allowance. 

Oliver Roylance-Smith
Edited by Oliver Roylance-Smith - ISA.co.uk

Three funds for a Stocks and Shares ISA

Stocks and Shares ISAs are a popular way for people to invest for their future.

If you’re looking for inspiration on where to invest your ISA this tax year, take a look at our latest investment ideas.

Download your copy to discover three funds, including:

  1. A total return fund
  2. A global income fund
  3. A responsible investing fund

Click here to get your FREE guide from Hargreaves Lansdown »

Important Risk Information:

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.

Lifetime ISAs

Save for your first home and retirement

Compare Lifetime ISAs

Junior ISAs

Invest for your child’s future

Compare Junior ISAs: 

Stocks & Shares ISAs

Invest tax-free in stocks and shares 

Compare Stocks and Shares ISAs:

Latest News

5 Considerations for Your Next Investment ISA

15th March 2021

You've decided to invest your savings into a Stocks and Shares ISA. You'll be using your tax-free ISA allowance for this year before the deadline, while also investing your money for your future. But what do you need to consider before opening an account? We've put together a list of our top five considerations for you to think about before you click "apply". 

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