Scottish Friendly - £94.50 cashback if you open an investment ISA - Must pay in £90 of premiums @ Topcashback
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Scottish Friendly - £94.50 cashback if you open an investment ISA - Must pay in £90 of premiums @ Topcashback

18
Found 26th Sep 2015
Scottish Friendly via Topcashback .I know people will start comparing ISA performance but if you don't have an investment ISA you could set one of these up with a £10 a month direct debit. Once you've paid in £90 in premiums Topcashback will give you £94.50 cashback. Theoretically you can then stop the dd. You have to leave the money for 5 years to avoid deductions but if you don't withdraw they guarantee you'll receive at least 95% of what you've paid in. Obviously if they invest it well it could be more. Therefore - free money! Deal ends tonight

18 Comments

Presumably if you want the cashback quickly you can just stick a £90 lump sum in and be done with it right?

Otherwise you would be waiting at least 9 months if you did a £10 monthly direct debit.

Seems a fair deal, although our daughters CTF is the most impressive investment we have ever made easily out performing any of our families other investments. Will be interesting to see how her CTF fairs this year with what has happened in the Chinese markets.

" If you cash in the plan before the end of 5 years there will be a £50 deduction from your cash-in value."

money does not grow on trees, your cashback comes from yourself, you will see the year end accounts that cashback appears as appearing as expenses in the management costs of the scheme.

Chanchi32

" If you cash in the plan before the end of 5 years there will be a £50 … " If you cash in the plan before the end of 5 years there will be a £50 deduction from your cash-in value."



I was about to post that. Anyone wanting to make a quick buck needs to look elsewhere.

Also, you can only invest a max of £50 a month...

Used Shepperds friendly for isa, put 100£ in for 5 months, then wait for cashback and withdraw, you get all money back...think its 136 on topcashback

splender

money does not grow on trees, your cashback comes from yourself, you will … money does not grow on trees, your cashback comes from yourself, you will see the year end accounts that cashback appears as appearing as expenses in the management costs of the scheme.


It is not the case that 'your cashback comes from yourself'. That would only be true if everybody in the scheme claimed a cashback.

hash7777

Used Shepperds friendly for isa, put 100£ in for 5 months, then wait for … Used Shepperds friendly for isa, put 100£ in for 5 months, then wait for cashback and withdraw, you get all money back...think its 136 on topcashback


I used Shepherd for insurance with the cashback promise that £100 would be paid once 6 months' premiums were paid. It wasn't -- I finally got it after a year and several emails to TCB (not much help there) and directly to Shepherd.

Original Poster

Chanchi32

" If you cash in the plan before the end of 5 years there will be a £50 … " If you cash in the plan before the end of 5 years there will be a £50 deduction from your cash-in value."



I said that

Original Poster

McHotpoon

Seems a fair deal, although our daughters CTF is the most impressive … Seems a fair deal, although our daughters CTF is the most impressive investment we have ever made easily out performing any of our families other investments. Will be interesting to see how her CTF fairs this year with what has happened in the Chinese markets.



Yeah my daughter's is too. There's no way I am taking it out and making it an ISA

Original Poster

pasheast

I used Shepherd for insurance with the cashback promise that £100 would … I used Shepherd for insurance with the cashback promise that £100 would be paid once 6 months' premiums were paid. It wasn't -- I finally got it after a year and several emails to TCB (not much help there) and directly to Shepherd.



Scottish Friendly are very reliable payers

pasheast

I used Shepherd for insurance with the cashback promise that £100 would … I used Shepherd for insurance with the cashback promise that £100 would be paid once 6 months' premiums were paid. It wasn't -- I finally got it after a year and several emails to TCB (not much help there) and directly to Shepherd.


Got paid on 2 accounts after 5 months no probs, and been waiting on LV insurance to pay out over a year instaed of 4 months

Original Poster

splender

money does not grow on trees, your cashback comes from yourself, you will … money does not grow on trees, your cashback comes from yourself, you will see the year end accounts that cashback appears as appearing as expenses in the management costs of the scheme.



Yes out of the overall investment from everybody - but if you only stick £90 in and get no deductions the worst that can happen is that your profit on top will be limited. You've already made more than £90 at the beginning so at least 100% return

Original Poster

jono8

Presumably if you want the cashback quickly you can just stick a £90 lump … Presumably if you want the cashback quickly you can just stick a £90 lump sum in and be done with it right?Otherwise you would be waiting at least 9 months if you did a £10 monthly direct debit.



You can only do £50 a month so it would take at least 2 months

theoljoolzpop

Scottish Friendly are very reliable payers



But not in my case.

pasheast

It is not the case that 'your cashback comes from yourself'. That would … It is not the case that 'your cashback comes from yourself'. That would only be true if everybodyin the scheme claimed a cashback.


Yes, that's the same everywhere, even social benefits, not everyone claims, but the "tax payer"s pay. So in this case the analogy is that you pay for your own benefits but as you rightly put, not every one claims.

Original Poster

pasheast

But not in my case.



Thought you were talking about Shepherd?

theoljoolzpop

Thought you were talking about Shepherd?


Correct -- my bad.
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