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Calculating how much your ISA could grow

What is a My Smarter ISA?

With My Smarter (ISA), your money is invested in Scottish Friendly's With-Profits fund, which is linked to the stock market. So, while it's impossible to predict exactly what return you may get, we can try to give you an idea of how much you might get back on your investment in the future.

As with any investment, the value of your My Smarter (ISA) can go down as well as up, and you could get back less than you paid in.

How much money might I get back?

The figures below show what could happen in three different assumed investment scenarios – lower growth, where investments grow at 1.5% a year, medium growth, where investments grow at 4.5% a year, and higher growth, where investments grow at 7.5% a year.

Based on an investment of £30 per month escalating at 5% per year over 10 years. The total amount you would have invested is £4,529. The figures below are what your My Smarter ISA could be worth after charges for the three different scenarios:

Lower growth of 1.5% – you would get back £4,520*

Medium growth of 4.5% – you would get back £5,200

Higher growth of 7.5% – you would get back £5,990

*For the regular monthly payments the lower projected growth rate of 1.5% provides for a return which is less than the total investment you will make over a 10 year term. This is due to the effect of rounding

Based on a lump sum investment of £2,000 for 10 years. The figures below are what your My Smarter ISA could be worth after charges for the three different scenarios:

Lower growth of 1.5% – you would get back £2,000

Medium growth of 4.5% – you would get back £2,670

Higher growth of 7.5% – you would get back £3,550

Remember, this is just to give you an idea of what you might get back. What you get back depends on the rise and fall of the underlying assets and on the tax treatment of the investment which could change over time. You could get more or less than the example figures above and the total amount invested. Do not forget that inflation would reduce what you could buy in the future with the amounts shown.

Please note that a Market Value Reduction may apply when you cash in your policy. This is designed to ensure that the amount you receive is in line with the value had you invested directly in the assets backing your policy. The annual rates of growth assumed for the projection have been based on Scottish Friendly's reasonable estimate of potential returns. They are subject to the assumed maximum rates specified by the Financial Conduct Authority. All the figures include the deduction of the actual charges on the policy. These charges may vary in the future.

To help you keep track of how your My Smarter (ISA) is doing, Scottish Friendly send you a statement twice a year showing the current value of your investment.

SunLife offers a range of straightforward and affordable products including over 50s life insurance, funeral plans, equity release, home insurance, car insurance, ISAs and Will writing services.

Here's the information that you need to know about who we are and the other companies that we work with in order to provide our products and services.

Who are SunLife?

Phoenix Life Limited trades as SunLife and is the provider of the Guaranteed Over 50 Plan, SunLife Insurance and the life insurance policy payment option for Funeral Plans. Phoenix Life Limited’s registered office is at 1 Wythall Green Way, Wythall, Birmingham, B47 6WG (registered in England, no. 1016269). 

SunLife Limited distributes financial products and services and is a company limited by shares, registered office: 1 Wythall Green Way, Wythall, Birmingham, B47 6WG (registered in England, no. 05460862). SunLife Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (registration no. 769427).

You can contact us by post at SunLife, PO Box 1395, Peterborough, PE2 2TR or by phone on 0800 008 6060.

If you choose to add Funeral Benefit Option to your Guaranteed Over 50 Plan, Dignity Funerals Ltd arranges and provides the funeral services, registered office: 4 King Edwards Court, Sutton Coldfield, West Midlands, B73 6AP (registered in England and Wales, No. 00041598). Dignity Funerals Ltd is a member of the National Association of Funeral Directors.

Who provides the Funeral Plans?

Dignity Funerals Ltd arranges and provides the funeral services, registered office: 4 King Edwards Court, Sutton Coldfield, West Midlands, B73 6AP (registered in England and Wales, No. 00041598). Dignity Funerals is not authorised or regulated for this activity by either the Financial Conduct Authority or the Prudential Regulation Authority. Dignity Funerals Ltd is a member of the National Association of Funeral Directors.

The life insurance policy that pays for your funeral will be provided by Phoenix Life Limited, trading as SunLife.

Who provides My Smarter (ISA)?

My Smarter (ISA) is provided by Scottish Friendly Asset Managers Limited. Authorised and regulated by the Financial Conduct Authority. Details can be found on the Financial Services register, registration No. 188832. Member of The Investment Association. Registered Office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ.

Who provides the Will writing services?

Hugh James is authorised and regulated by the Solicitors Regulation Authority (SRA Number:303202).

The information contained on this website is based on Hugh James' understanding of the law of intestacy in England and Wales only as at April 2014. The law in Scotland and Northern Ireland is significantly different. This is for information purposes and is not intended to be legal advice.

Who provides SunLife Pet Insurance

SunLife Pet Insurance is arranged and administered by BDML Connect Limited. BDML Connect Limited is authorised and regulated by the Financial Conduct Authority (No. 309140). Registered in England and Wales Number 02785540. Registered Office: 45 Westerham Road, Bessels Green, Sevenoaks, Kent, TN13 2QB.

Who provides SunLife Home Insurance

SunLife Home Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 03231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.

Who provides SunLife Car Insurance

SunLife Car Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 03231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.