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  • Over 50 not over the hill

    Save for a bright future with our affordable Stocks and Shares ISA

    Open My Smarter (ISA)

    Why choose SunLife for a Stocks and Shares ISA?

    More affordable

    from just £10 a month

    Money back guarantee

    built-in on set dates

    Boost your saving

    choose automatic annual payment increases

    Free gift

    choose a £60 wine voucher or a £25 gift card

    What is My Smarter (ISA)?

    • My Smarter (ISA) is a Stocks and Shares ISA that’s available to UK residents aged 18 and over
    • Invest as little as £10 a month or a lump sum of £100 or more
    • Grow your investment faster by automatically increasing your payments each year using our Savings Escalator
    • Make the most of your investment by investing for at least five years (or ideally ten or more)
    • Get back at least what you put in on your 10th anniversary and every five years after that (as long as you haven’t made any withdrawals)
    • Stop, start or change your payments at any time without paying a penalty
    • Invest up to £20,000 in My Smarter (ISA) in the 2017/18 tax year (minus any amount you have already saved in a Cash ISA, Innovative Finance ISA or Lifetime ISA)
    • A 1.5% charge will be deducted from the value of your ISA each year. These charges may vary in the future. For more information see Scottish Friendly's Key Features document.
    • You won’t pay income or capital gains tax on your returns (other than tax on dividends from UK shares). Exactly how tax affects you depends on your individual circumstances and tax law could change in the future
    • My Smarter (ISA) is provided by Scottish Friendly. Your money is invested in their With-Profits fund

    The value of your ISA can go down as well as up and you could get back less than you pay in. And bear in mind that inflation will reduce what you can buy in the future.

    My Smarter (ISA) explained

    Video transcript
    Helping you save more

    With The My Smarter ISA, your money is invested in Scottish Friendly’s ‘With-Profits’ fund. This fund is carefully managed and aims to provide steady growth. It does this by spreading your money across a range of different investments - like shares, property, bonds & cash deposits – making sure all your eggs aren't in one basket.

    With an ISA, the more you invest, the more it could grow! So to make life easier, this ISA lets you increase your monthly payments automatically by up to 10% each year. But of course the ISA is flexible, so if you want to change this, you can. Here’s how it could work:

    Starting at £30 a month, and increasing your payments by 10% each year for 10 years. You would have invested a total of £5737. That’s compared to £3600 invested over the 10 years if you decided not to increase your payments. And of course that’s before any potential growth on either of these amounts! Although this ISA aims to pay back more than you put in, as with any investment, there’s an element of risk so it could pay back less.

    But this ISA has a special guarantee.

    If you want, provided you haven’t made any withdrawals, on the 10th anniversary of starting your ISA, you can take out at least 100% of the money you invested, which you don’t get with most other ISAs!

    Stocks & Shares ISAs. Just another thing we’ve made straightfordable.

    As this is a Stocks and Shares ISA you could get back less than you invest.

    Inflation will reduce what you can buy in the future.

    Where your money is invested

    Your money is invested in Scottish Friendly's cautiously managed With-Profits fund, which invests in a mix of shares, property, cash and bonds.

    How the With-Profits fund works

    The chart above shows how the With-Profits fund spread its investments on 31/12/2015

    The fund aims to smooth some of the short term highs and lows of these investments over time, so you see a steadier return year on year.

    Scottish Friendly aim to increase the value of your ISA, based on the performance of the investment within the fund.

    They also aim to ensure your total return reflects how the With-Profits fund has performed during the entire time you were invested in it.

    • If the With-Profits fund has performed well, Scottish Friendly could add an additional Final Bonus when you take your money out.
    • If the With-Profits fund has not performed well, Scottish Friendly could apply a Market Value Reduction (MVR), which will reduce the value of your ISA when you take your money out and can mean you could get back less than you have paid in.
    • If you choose to cash in your ISA, on the 10 year anniversary of your start date and every 5 year anniversary after that, you're guaranteed to get back at least all the money you've paid in, as long as you haven't already made any withdrawls.
    • You can check the value of your ISA at any time on My Plans including the current Final Bonus or MVR that would be applied if you make a withdrawl, and the dates on which the safety net will apply.

    We'll help you save more

    Unlike most other ISAs this one features something called a 'Savings Escalator'.

    The Savings Escalator lets you increase your monthly payments autmatically each year so the amount you put away gets bigger, quicker. You can choose to increase your payments by 10%, 5% or 2.5% each year. Our example is based on a monthly payment of £30 that increases by 10% every year.

    See how your ISA could grow

    Our growth calculator is a handy tool that uses three assumed investment scenarios to show how much you might get back on your investment in the future.

    Try our growth calculator

    Frequently asked questions

    What is a Stocks and Shares ISA?

    An ISA is an Individual Savings Account that allows you to put money aside tax-efficiently for the future.

    You don't pay any income or capital gains tax on your returns (other than tax on dividends from UK shares). How tax affects you depends on your individual circumstances, and tax law could change in the future.

    A Stocks and Shares ISA invests your money in a wide range of areas including shares, property, bonds and cash. These all have greater long-term growth potential than a cash savings account, for example.

    Unlike a cash savings account, the value of your Stocks and Shares ISA can go down as well as up, so you could end up with less than you paid in.

    Who can open a Stocks and Shares ISA?
    How much can I invest in a Stocks and Shares ISA?
    Why is a Stocks and Shares ISA tax-efficient?
    Can I transfer money from another ISA provider?
    How long should I invest for?
    I'm not sure a Stocks and Shares ISA is right for me, what should I do?
    Who is Scottish Friendly?
    Why has SunLife teamed up with Scottish Friendly?
    What is the My Plans Online Service?
    What might I get back from My Smarter (ISA)?
    Is there anything you don’t cover?
    What is a Final Bonus?
    What is an MVR or Market Value Reduction?
    What is the money-back guarantee?
    What happens if I cash in My Smarter (ISA)?
    What happens if I die?
    What happens if I cancel My Smarter (ISA) or change my mind?
    How can I keep track of my investment?
    Where is my money invested?
    Why is My Smarter (ISA) sometimes referred to as a 'policy'?
    Are there any charges?
    How do I invest in My Smarter (ISA)?
    Can I top up my Stocks and Shares ISA?
    Can I pay a lump sum in to my Stocks and Shares ISA?
    How does the Savings Escalator work?
    Is my money protected by the Financial Services Compensation Scheme (FSCS)?

    Important information

    This website explains how My Smarter (ISA) works. It doesn't give advice on whether My Smarter (ISA) is right for you. Therefore it's very important that you read and understand the Key Features and Terms & Conditions of My Smarter (ISA), the 'How Scottish Friendly invests your money' guide and the SunLife Key Facts about our services.

    Please print or save these documents and keep them for future reference. If you do not have access to Adobe Reader, you can download the software by clicking the following link.

    get-adobe-reader-logo

    Please note that the Adobe website is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority and, as it is not operated by AXA Wealth Services Ltd, we cannot be liable for Adobe contents.

    View the Key Features and Terms & Conditions of the My Smarter (ISA)

    View the SunLife Key Facts about our services (PDF 0.6MB)

    Stocks & Shares ISA

    The smallest print

    This website explains how My Smarter (ISA) works. It doesn't give advice so you need to be sure this investment is right for you. If you need advice, go to unbiased.co.uk to find an Independent Financial Adviser near you. You may have to pay for their advice.

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?

AXA Wealth Ltd 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. AXA Wealth Ltd is a company limited by shares and the registered office is at 1 Wythall Green Way, Wythall, Birmingham B47 6WG (registered in England, No. 01225468). AXA Wealth Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. AXA Wealth Ltd is entered on the Financial Services Register (registration no. 119201).

AXA Wealth Services Ltd distributes financial products and services and trades as SunLife. AXA Wealth Services Ltd is a company limited by shares and the registered office is at 1 Wythall Green Way, Wythall, Birmingham B47 6WG (registered in England, no. 02238458). AXA Wealth Services Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (registration no. 465753).

‘SunLife’ (comprising of the companies AXA Wealth Services Limited, AXA Wealth Limited and AXA Sun Life Direct Limited) has been acquired by Pearl Life Holdings Limited (and now forms part of the Phoenix Group - www.thephoenixgroup.com). ‘AXA’ is a trademark that is owned by AXA SA and will be used for a short period under a licence granted by AXA SA to the Phoenix Group.

Pearl Life Holdings Limited is registered in England (4560778) at 1 Wythall Green Way, Wythall, Birmingham B47 6WG. As part of the Phoenix Group, AXA Wealth Limited will continue to be authorised by the Prudential Regulation Authority and regulated by Prudential Regulation Authority and Financial Conduct Authority. AXA Wealth Services Limited will continue to be regulated by the Financial Conduct Authority.

You can contact us by post at SunLife, PO Box 7054, Willenhall, WV1 9ZH or by phone on 0800 008 6060. As part of our commitment to quality service and security, calls may be recorded.

If you choose to add Funeral Benefit Option to your Guaranteed Over 50 Plan the funeral services are arranged and provided by Dignity Funerals Limited. Dignity Funerals Limited is a company registered in England and Wales No. 00041598. VAT registered No. 486 6081 14. 4 King Edwards Court, King Edwards Square, Sutton Coldfield, West Midlands, B73 6AP. Telephone No. 0121 354 1557. Fax No. 0121 355 808. Part of Dignity plc. A British Company. Dignity are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority but are registered providers with the Funeral Planning Authority.

Who provides the Funeral Plans?

The funeral services are arranged by a funeral director selected by Golden Charter Ltd. Golden Charter Ltd are not required to be authorised or regulated by the Financial Conduct Authority or the Prudential Regulation Authority in relation to funeral plans but are registered providers with the Funeral Planning Authority.

If you choose to pay for your funeral in one go, with a single payment, you will have a contract with Golden Charter. The funeral services will be arranged by a funeral director selected by Golden Charter Ltd.

If you choose to pay for your funeral with a life insurance policy, the policy will be provided by AXA Wealth Ltd, trading as SunLife. The funeral services will be arranged by a funeral director selected by Golden Charter Ltd.

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 Family Life Insurance?

SunLife Family Life Insurance is provided by Scottish Friendly Assurance Society Limited which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Details can be found on the Financial Services register (registration number 110002). Registered Office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ. 

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.