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SCOTTISH FRIENDLY MY MONEYBUILDER
Scottish Friendly My MoneyBuilder (Investment ISA)
        
Looking to put money aside for the future? Maybe towards a honeymoon, a new house or simply for that rainy day? My MoneyBuilder (ISA) from Scottish Friendly is a tax-free investment available to any UK resident aged 18 or over and is designed to get you into a monthly habit with payments starting from just £10 a month.
Location: UK
Advantages:
1. Invest from only £10 a month using your tax-free New Investment ISA allowance.
2. Once you have set up My MoneyBuilder (ISA), you can stop, restart, raise or lower your payments and cash in whenever you want.
3. Provided you haven't made any withdrawals, on the 10th anniversary of the start date of your investment you are guaranteed to get back at least 95% of the payments you make into your plan.
4. 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.
Disadvantages:
1. 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.
2. When you cash in or take a withdrawal from your investment, your unit value may either be increased by a final bonus or reduced by a market value reduction to bring it into line with the performance of the assets within the With-Profits fund.
3. Making a withdrawal will reduce your guaranteed minimum cash sum.
Services:
My MoneyBuilder (ISA) puts you in control because once you have set up a policy you can start, stop, raise or lower your payments whenever you like. So if you need to take a break in your payments or put in a little more when times are good thatís no problem. You also have instant access to your money should you ever need it. Whatever suits you and your circumstances best.

AER Rate: Varies on Fund
Interest Paid: Varies on Fund
Notice Period: Instant Access
Min Deposit: £10 a month
Max Deposit: £15,240 per tax year
Initial Fee: £0
Exit Fee: £50
Annual Management Fee: £0

Products:
My Moneybuilder
Suitable For:
The My MoneyBuilder policy within your Scottish Friendly ISA is for investors wanting to invest monthly with a minimum intended term of at least 5 years in an arrangement that offers investment growth potential and a degree of security but where you should also be prepared to accept a degree of risk
Conditions:
You must be over the age of 18 years old.
Restrictions:
Remember, 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.
Introductory Offer:
None at time of writing
Terms and Conditions:
You are entitled to have one Cash ISA and one Investment ISA in each tax year. You can have your Cash ISA with one plan manager and your Investment ISA with another if you wish.
        
REVIEWS
Scottish Friendly My MoneyBuilder (Which Way To Pay - 3/9/2015)
Scottish Friendly My MoneyBuilder is ranked 3 out of 5. Based on 1 review.

3 Star Rating

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