One of the UK’s biggest mutual life offices, Scottish Friendly have been helping families save and invest for over 160 years. Fast forward to today and they are trusted by 838,000 members to manage £4.6 billion in assets as at 25th April 2024 and are the ‘Best Junior ISA Provider’ for the last 6 years at the Investment Life & Pensions MoneyFacts Awards
Scottish Friendly’s My Select (Junior ISA) offers a choice of 9 funds, including a Unitised With-Profits fund that comes with a guaranteed minimum payout when the child turns 18, provided no switches or withdrawals are made. When you invest in a Junior ISA, the money belongs to the child.
You can set up a Junior ISA in minutes and keep track of your investment online or on their mobile app, anywhere, anytime.
Remember, the value of investments can go down as well as up so your child could get back less than you’ve paid in. If you transfer out or the child makes a withdrawal within the first 5 years a £50 exit fee applies.