Invest from £50pm. Capital at risk. T&Cs apply
+ Up to £310 Cashback
| Expires in a day
for a monthly premium of £1000 or more. Capital at risk. £50 exit fee applies
for a monthly premium between £100 and £999.99. Capital at risk. £50 exit fee applies
for a monthly premium between £60 and £99.99. Capital at risk. £50 exit fee applies
for a monthly premium between £40 and £59.99. Capital at risk. £50 exit fee applies
for a monthly premium between £20 and £39.99. Capital at risk. £50 exit fee applies
for a monthly premium between £10 and £19.99. Capital at risk. £50 exit fee applies
Scottish Friendly was established in 1862 and is one of the largest investment companies in the United Kingdom, with over 150 years of experience to prove it. As of now, Scottish Friendly has over 700,000 members and handles over £5 billion in assets.
Scottish Friendly’s customer service team is based in Glasgow and offers a variety of different investment options, such as investment ISAs, junior ISAs, bonds, and life coverage. The company also won the ‘Best Junior ISA Provider’ at the Investment Life & Pensions Moneyfacts Awards in 2019.
The most popular services offered by Scottish Friendly are Scottish Friendly Assurance Society Limited, Scottish Friendly Asset Managers Limited, and Scottish Friendly Insurance Services Limited. They also provide investment offers that include Junior ISAs, OEICs, and general ISAs.
Scottish Friendly Assurance Society Limited focuses on offering investments that relate to savings, life, and general investments. This option is geared towards the average investor.
Scottish Friendly Insurance Services Limited provides these and general insurance products to other financial institutions and commercial companies. They also offer child trust funds and bonds assistance.
An ISA, or individual savings account, is commonly used as a way to save and invest in your future in a tax-free manner. Scottish Friendly offers four different types of ISAs: cash ISAs, investment ISAs, lifetime ISAs, and innovative finance ISAs.
Because each has its own benefits, it is important to find the right one for you. For every ISA, the maximum amount you can invest or save per year is £20,000. The minimum age for all ISA accounts is 18 years, except for the cash ISA, which is 16 years.
Another significant aspect to ISAs is that you are not required to pay taxes on anything in your ISA. Any gains made on your investments are also protected against taxes, so your money stays with you.
You can transfer your money freely between ISAs, except in the case of the lifetime ISA option. Also, be sure to use the money you put into your ISA, because whatever you don’t use within the year is gone. The cut-off is usually the 6th of April every year.
At the time of writing, there are a variety of cashback offers available to you when joining Scottish Friendly through Quidco. When you invest £10 per month, you can earn up to £300 in cashback by using Quidco. You can also make anywhere from £80-£300 cashback depending on your monthly premium.
To claim yours, scroll to the top of the page and click the ‘Get Cashback’ button on the right side of the offer you choose. Once you are redirected to the Scottish Friendly website, shop as you usually would and check out with your new plan. After completing the steps, check your Quidco account to see the cashback you’ve earned.
Because offers with Quidco can change, be sure to check back frequently so as not to miss out on any future offers.
Scottish Friendly is one of the UK’s largest mutuals with over 150 years experience. Invest in your future with Scottish Friendly and be set up in minutes then keep track of your investment online, anywhere, anytime, with our desktop My Plans tool and mobile app.
Remember, the value of investments can go down as well as up so you could get back less than you've paid in. If you transfer out or make a withdrawal within the first 5 years a £50 exit fee applies.