Scottish Friendly Assurance
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Who Are Scottish Friendly Assurance?
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Scottish Friendly is not just a company, but a heritage that has its roots originating from the 19th century where the company started off under the name: City of Glasgow Friendly Society. In 1992 the company changed its name to become what it is known as today, Scottish Friendly Assurance. The company deals as a financial service group facilitating a wide range of services and products and is popular for those looking to invest both short-term and long-term for themselves, and also for their children’s future.
What Plans Are Available To Me?
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Long term investment for your child, maturing at age 18.
The money will grow free of income or capital gains tax.
Friends and family can top-up the Fund too.
Invest over 10 years.
Invest tax-free – no income tax or capital gains tax to pay.
Pay in £15 to £25 a month.
Invest over 10 years.
Invest from £15 to £25 a month tax-free – the remainder of your premium is invested tax paid.
Choice of two funds – Scottish Friendly UK Tracker Fund or UK Growth Fund.
No further tax to pay when your plan matures.
Scottish Friendly MoneyBuilder
Start investing from just £10 per month initially.
It’s a wallet-friendly way to begin investing for the future, just make sure you can keep up payments over 15 years.
Get a guaranteed minimum cash sum plus bonuses after 15 years.
Scottish Friendly Bonds
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Watch your cash grow with The Scottish Bond. This savings strategy is often a fantastic method to make the most of your tax-free allowance. The Government lets you invest up to £25 a month tax-free using a friendly society. It is possible to use this tax-free savings allowance even should you already have an ISA. It’s your right by law. But if you choose not to conserve having a friendly society, you merely lose this benefit.
The Scottish Bond is a 10 year savings program for anybody aged between 16 and 55. Just set aside a cost-effective amount every month so that it is possible to have a sizable lump sum to look forward to. Just imagine, it could assist towards a wedding, home improvement, a car, or you are able to simply save the money you put away. Nevertheless, if you cash in just before the end the 10 year savings period, you might not get back as much as you’ve paid in.
Scottish Friendly Child Trust Fund
Kids grow so swiftly, which means it’s crucial to begin thinking about their future when they’re young. One way it is possible to help, is by giving them a gift that could grow with them such as a Child Trust Fund from Scottish Friendly. By saving £25 a month with Scottish Friendly’s Child Trust Fund now, it is possible to make all the difference when they’re older.
You are able to take out a bond for any child that is under 16. It could be your grandchild, godchild, niece, nephew or any other child that you wish to help. The bond is entirely the property of the child and you can be certain that they will really appreciate that extra cash when they’re older.
How Can Scottish Friendly Bonds Help Me?
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The company stands out from its competitors in various departments. The award winning IT infrastructure of the company is well integrated with team of well trained, experienced and helpful customer service operators. The operations team has been critically acclaimed as exhibited in the winning performance for the prestigious National Business Awards for Scotland for the “orange Best use of technology in Business award 2007” and the Adnitor awards for the “Industrial achievement in Administration Technology 2007”.
Additionally the company also was short listed to provide contractual and logistical support to the nucleus financial wrap and back office to Aviva’s wrap platform. The company Scottish friendly maintains some of the lowest renewal cost of life companies based in UK and also aims to deliver the value to members, investors and corporate and strategic partners through a number of tax efficiency, mutuality, administration service deliverance and efficiency management.
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