Topcashback has a 24 hour deal and offering £100 cashback if you invest atleast £100 in My UK Tracker ISA with Scottish Friendly. So basically if you invest £100 all your investment is coming back as cashback and even in the most unlikely circumstances that you lose all your £100 investment with SF you will not make any loss.
A glance at My UK Tracker Options (ISA)
The ISA is a very British, well-known tax-free way of saving or investing for that long term savings goal. You might be looking to put money away for a dream holiday, a new car or even the infamous rainy day and we get plenty of those in the UK.
Take a look below at a summary of what you need to know about My UK Tracker Options (ISA).
Invest tax-free using your Investment ISA allowance from just £10 a month, lump sums from £100 lump sum or a combination of both.
Once you have set up My UK Tracker Options (ISA) you can cash in or raise, lower, stop and restart payments at any time.
Your money will be invested in a My Options policy within a Scottish Friendly ISA which will invest in the UK Tracker fund.
The UK Tracker fund is a higher potential risk and return investment linked to an index of the UK stock market. The index includes shares of well-known high street brands and companies listed in the UK.
The UK Tracker fund gives you the long term growth potential of the UK stock market.
What you need to consider
The value of your investment can go down as well as up, so you could get back less than you have paid in.
You should consider this a medium to long-term investment for a period of at least five years.
The UK Tracker fund's performance will be mainly dependent on the movement in the UK stock market.
If you cash in before the end of 5 years there will be a £50 deduction from your cash-in value.
Tax treatment depends on your individual circumstances and tax law may change in the future.
Tax-free means the policy grows free of income and capital gains tax (other than tax on dividends from UK shares).
You can have one Cash ISA, one Innovative Finance ISA, one Lifetime ISA and one Investment ISA in each tax year. You can have as many policies as you like within your Investment ISA provided you do not exceed the annual ISA limit. The maximum you can invest in a Investment ISA is £20,000 in the current tax year less any amounts subscribed to a Cash ISA, Lifetime ISA and/or Innovative Finance ISA with another ISA manager.
To apply you must be a UK resident aged 18 or over.