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Invest in your future with the Police Mutual ISA

Thu 01 Apr 2021

Saving money doesn’t come easily to everyone, but it’s a good habit to get into. And perhaps the best way to start is to save little and often. By setting aside just a small amount each month, you may not even really ‘feel’ the dip in your bank balance. But what you will get is the satisfaction of knowing you’re investing in your future.


It feels good to save
None of us knows what the future holds. But it’s good to ask yourself now and again where you’d like to be 5-10 years from now. In your own home? Married to a partner? With children of your own? Getting ready for your retirement? Looking forward to a dream holiday? Whatever your goals in life, you always need money to make things happen. That’s why it’s good to start saving. Even if you don’t have a particular goal in mind right now, by committing to save for at least five to ten years, you’re giving your money the potential to grow – and that feels good.


The Police Mutual ISA makes it easy to save regularly
You simply set up a direct debit for a minimum of £30 a month. It gets you into the habit of saving regularly without you even having to think about it. And once you start saving, you can always increase your investment by upping your monthly direct debit amount.


You can put away as little as £30 a month
The minimum amount you can save in a Police Mutual ISA is £30 a month. That’s equal to just £1 a day. So, even if saving money regularly feels like a challenge to you, think of it in daily terms. A lot of us probably spend more than we realise on day-to-day expenses. How much do you spend each day on takeaway coffees, snacks and lunch, for example? Could you cut back just a bit and afford to save £1 a day? If so, why not set up a direct debit for the minimum £30 a month and start investing in your future.


You can always top up with a lump sum, too
The Police Mutual ISA makes it easy to save regularly every month, little and often. But you can also pay in a lump sum if you have one. So, if you were to inherit some money, for example, you could pay it into your Police Mutual ISA – provided you stay within your ISA allowance for the tax year – and give your investment a boost.


Risk Indicator
Assuming you save for at least 5 years, we have classified the product as 3 out of 7, which is a medium to low risk investment. This rates the potential losses from future performance at a medium to low level, and poor market conditions are unlikely to impact our ability to pay you. The risk may be higher if you hold the product for less than 5 years. The risk indicator allows you to compare the level of risk of this product against other similar products.

Risk Indicator

Things to think about

  • The Police Mutual ISA is a Stocks and Shares ISA
  • The value of your investment can go down as well as up, which means when you withdraw your money you may get back less than you paid in.
  • Tax treatment depends on the individual circumstances and may be subject to change in the future
  • In the tax year 2021/22 the maximum you can save in ISAs is £20,000. You can only pay into one Stocks and Shares ISA each tax year.


Talk to us about opening a Police Mutual ISA today.

Call 01543 441 630

We’re open from 8.30am – 5.30pm Mon – Fri

Find out more

Police Mutual is a trading style of The Royal London Mutual Insurance Society Limited. The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL. For your security, all calls are recorded and may be monitored.

Type of article: Articles
Category: Saving my money

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