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Free £100 on £100 investment with Scottish Friendly
Free £100 on £100 investment with Scottish Friendly

Free £100 on £100 investment with Scottish Friendly

Buy forBuy forBuy for£100
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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).

Investment features
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 Information
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.

29 Comments

Not used Top Cashback before. How reliable are they at paying out?

loveabargain

Not used Top Cashback before. How reliable are they at paying out?


They paid out for me last year for a very similar offer (took about 5 months, as 3 monthly installments were required to qualify)

Original Poster

nobigdeal

They paid out for me last year for a very similar offer (took about 5 … They paid out for me last year for a very similar offer (took about 5 months, as 3 monthly installments were required to qualify)



​Just invest lumpsum of £100

shishiragarwal

Just invest lumpsum of £100


Yes, thank you.
I was reporting how long the cash back took to be paid.

Worth noting that if you open this, then you cannot open another Stocks & Shares ISA this financial year.
Voted hot
Edited by: "nobigdeal" 14th May

Well I've gone for it. Seems like a no brainer to me

Original Poster

nobigdeal

Worth noting that if you open this, then you cannot open another Stocks & … Worth noting that if you open this, then you cannot open another Stocks & Shares ISA this financial year.Voted hot



Can u invest in it if u have 'help to buy ISA'? my knowledge is bit limited on same

Please note they charge/take 5% of initial amount and a further £50 if you take any money out within the first 5 years

shishiragarwal

Can u invest in it if u have 'help to buy ISA'? my knowledge is bit … Can u invest in it if u have 'help to buy ISA'? my knowledge is bit limited on same


Your Help to Buy is most likely a Cash ISA. You can have invest in a Cash ISA and also in a Stacks and Shares ISA in the same financial year, so in short yes you can.

Original Poster

TesaoGostoso

Please note they charge/take 5% of initial amount and a further £50 if … Please note they charge/take 5% of initial amount and a further £50 if you take any money out within the first 5 years



​thanks for dat. considering i am getting my investment back with TCB, i wont consider touching it before 5 years and let it grow for long term. these r long term investments so longer u leave dem better r benefits

Edited by: "shishiragarwal" 14th May

Thinking about opening a new isa for my child so won't be touching it for many many years. Seems like a good deal.

ycsb

Thinking about opening a new isa for my child so won't be touching it for … Thinking about opening a new isa for my child so won't be touching it for many many years. Seems like a good deal.


I think the ISA they offer is for 18+, so potentially you would have to open it in your own name.

Charges quite high. 5% initial and 1.5% AMC. If you are looking to invest much more than your £100 you might be better elsewhere.

24 hour deal? When did it start and what time does it end? Thanks

If you have previously had a wcottish friendly product (for cahback purposes) are you wligible for cashback again?

I believe you can open 1 ISA per year. So use your senses and avoid the £100 bribe.

Seems to have disappeared now.

ycsb

Seems to have disappeared now.



​as they reached their target perhaps?

Anyone know if I take this out will it mean I can't take out a Lifetime ISA (LISA) this year or does that count as a cash ISA?

RSteve

Anyone know if I take this out will it mean I can't take out a Lifetime … Anyone know if I take this out will it mean I can't take out a Lifetime ISA (LISA) this year or does that count as a cash ISA?


I haven't found anything definitive. My feeling is you can open one of all the variants of an ISA, namely: a Cash ISA, an Innovative Finance ISA, a Lifetime ISA and an Investment/Stocks and Shares ISA. The combined investment must not exceed 20k. If anyone has a source to corroborate this, I'd be keen to see.
Edited by: "nobigdeal" 14th May

Charges outweigh the cashback benefit here! Take care folks.

Agreed, unless you're only looking to invest a small amount then those charges will eat into your returns and quickly wipe out the £100 cashback. Therefore larger investors may be better off elsewhere.

For example if you invested £5k in this product, you could be paying out £75 each year in management charges. If you do a little research you could buy a diy isa and be paying less than half that.
Edited by: "Guzzle" 14th May

expired

I can only see monthly premiums

psychdee

I can only see monthly premiums


It's expired anyway

Pity I missed it

Well, I signed up and my TCB has tracked. However, it's going to take 26 weeks to pay!!

Original Poster

Its back again, until tomorrow. Mods please unexpired

The new one is a my moneybuilder isa I believe, which requires you to invest £10 each month so it's not quite the same offer
scottishfriendly.co.uk/aff…isa
Edited by: "WolFishAntics" 22nd May
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