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Scottish Friendly ISA

Tax FREE Saving From £10pm
Selected ISAs

MoneyBuilder With Profits Fund

from Scottish Friendly

ISA Option
Allows ISA Transfers
Regular Savings
  • Term: 10 years+
  • Fund Choice: Unitised With Profits Fund
  • Invest From: £10 pm
  • Investment Options: Your money will be invested in a My MoneyBuilder policy within a Scottish Friendly ISA which will invest in the Scottish Friendly Unitised With-Profits fund which may include stock market, property, cash and bond assets.

Why we like it: Low monthly minimum contribution of £10pm

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

Important Information: You should consider this as an investment for a period of at least five years and ideally 10. The value of your investments can fall as well as rise and you could get back less than you have paid in. If you cash in the plan before the end of 5 years there will be a £50 deduction from your cash-in value.

Junior ISAs

My Select Junior ISA

from Scottish Friendly

Regular Savings
  • Investment Options: Invest from £10 a month or a £50 deposit

Why we like it: Invest tax-free from £10 a month or a £50 lump sum — or a mix of both. You can raise, lower, stop and restart your payments any time you like. Offers a selection of eight funds to choose from, so you can tailor your child's investment.

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

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 £2.8 Billion of funds under management (as at 31/12/18) 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.

Why invest in an ISA

ISA stands for Individual Savings Account and currently  each UK resident can save or invest tax-free, either in cash, stocks & shares or peer to peer lending. Tax is not charged on any interest earned or gains made (other than dividends from UK shares) within an account. Tax treatment depends on individual circumstances and can change in the future.

Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.

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Cash ISAs

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Stocks & Shares ISAs

Types of Stocks and Shares ISA include: 

Stocks and Shares ISAs

Latest News

Four Ethical Junior ISAs to Consider for 2020/2021

26th September 2020

If you want to open a Junior ISA but want to make sure that the ISA itself is invested in line with you, or your child’s values, then you’ll want to consider opening an Ethical Junior ISA. But what exactly is an Ethical Junior ISA – and which ones should you be looking at? 

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4.74 Average

23 Reviews


I found the way the different options are presented very clear - much more useful than some other comparison sites. I sent it to my daughter as well.


Very informative, find myself a good ISA account with best return in terms of interest.


Easy to use website and up to date. Saved the link on my tablet.

Rob Holden

The website was very useful and informative.

Andrew Johnson

ISA can be confusing at first and this site includes a useful and helpful introduction into the world of ISAs