Dreaming of the trip of a lifetime? A fund for your retirement? Putting
down a deposit on a family home? With a My Select (ISA) from Scottish Friendly you can start investing now for the future,
whatever your dreams may be. Build a tax-free investment starting from as little as £10 per month. What’s more,
customers who take out a plan in the next two months (until 1st April 2013) will be entered into a draw to win an 4th generation
Few people know that you can put money aside tax-free
in an investment ISA in addition to your cash ISA. The investment ISA is legally known as a Stocks and Shares ISA, but we
call it an investment ISA because it can invest in much more than the name suggests! By taking advantage of the investment
ISA you can make sure you’re using your full ISA allowance and pay less tax. So why pay more tax than you need to?
My Select (ISA) from Scottish Friendly is a great way for you to
make the most of your investment ISA allowance. It’s a tax-free investment designed to get you into a good habit of
putting some money away, and is available to UK residents aged 18 years or over. You can invest from as little as £10
a month and up to £11,280 each tax year in an Investment ISA, minus any amount you have invested in your your cash ISA.
'Tax-free' means that the fund your plan invests in grows free of income and capital gains tax (other than tax on
dividends from UK shares). Tax treatment depends on your individual circumstances and tax law may change in future.
If you select a With-Profits fund, in some circumstances, Scottish Friendly may have to
apply a Market Value Reduction (MVR) when you close your My Select (ISA), which could result in a smaller payout.