Our Guaranteed ISA is no longer available for new applicants. Why not take a look at the benefits of our flexible Options ISA?

If you already have a Guaranteed ISA, maximise its potential here

  • Make the most of your £20,000 ISA allowance (this tax year) by topping up your savings
  • Your double guarantee locks in growth and lets you access your savings at five-year intervals
  • Topping up or transferring in from another ISA is quick and easy

How our Guaranteed ISA works

  • Our unique double guarantee protects your money and locks in any growth at five-year set points. If you do cash-in at any other time you could get back less than you’ve invested
  • Access your money at any time, but you should aim to invest for at least five years. Any withdrawals you make will reduce the value of your investment and therefore your guarantee
  • As it's an ISA there’s no personal tax to pay. The value of tax benefits depends on your individual circumstances and tax rates or legislation which could change in the future
  • Our Guaranteed ISA is a Stocks and Shares ISA
  • The ISA allowance for the current tax year is £20,000
  • We accept transfers in from other ISAs
  • The amount you will get back from your investment is based on the performance of our Life Fund.
  • There are charges on this plan. You can find full details in the “What are the charges?” section of the Guaranteed ISA Key Features Document

  • The table below shows the value of a Guaranteed ISA invested on 1 July 2014 to 1 July 2019. It shows the value that the Member could have received if they were to withdraw all of their investment on the specified date.

    Date

    Police Mutual Guaranteed ISA

    % in period

    01/07/2014

    £13,000

     

    01/07/2015

    £13,730

    +5.6%

    01/07/2016

    £13,261

    -3.4%

    01/07/2017

    £14,511

    +9.4%

    01/07/2018

    £15,411

    +6.2%

    01/07/2019

    £15,065

    -2.2%

    Total Gains

    £2,065

    15.9%



    You should remember past performance is no indication of future performance and should not be the reason for choosing a product.

    • Example based on £13,000 initial investment on 1 July 2014 and assumes no withdrawals are made.
    • Investment of £13,000 based on ISA transfer.
    • Performance figures take into account all charges (including the initial charge) which applied during the period. Charges may vary.
    • The performance of your own investment will depend on how much you invest, our charges and our investment performance.
    • If you access your money in our Guaranteed ISA at any time other than on the guarantee points, you'll get back the current value ‐ which may be less than you invested. The guarantee points are every five years.
    • The value of tax benefits depends on your individual circumstances and tax rates or legislation which could change in the future.
    • Our Guaranteed ISA is a Stocks and Shares ISA.
The (not so) small print

These products are provided by Police Mutual Assurance Society Limited trading as Police Mutual, more information is available on our legal page.

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Your Questions Answered You GISA questions answered

An Individual Savings Account (ISA) lets UK taxpayers enjoy tax-free returns on the money they put in their ISA.

  • The government says that the maximum you can invest in an ISA in the tax year between 6 April 2019 and 5 April 2020 is £20,000.

    Your ISA allowance can be allocated between a Cash ISA and a Stocks and Shares ISA any way you like.

  • There's no interest rate with the Guaranteed ISA. Any growth in your investment is based on the performance of our Life Fund.

  • Your money has the protection of valuable guarantees at five-year points should the financial markets take a downturn. But if you do cash-in at any time other than on the guarantee points you could get back less than you’ve invested.

  • Our Guaranteed ISA is designed for those looking to invest for the medium to long term, but you can access your money whenever you need to as there’s no fixed term.

    If you cash in between guarantee points, you'll get back what the ISA is currently worth. This may be more or less than you originally invested.

  • The Guaranteed ISA is a stocks and shares ISA designed for those looking to save or invest for the medium to long term. Typically this is at least five years.

    It aims to take advantage of growth within the stock market during the good times whilst, at the same time, offering the protection of valuable guarantees at five-year points should the financial markets take a downturn.

    If you do cash-in at any other time you could get back less than you’ve invested.

    You can choose to save a regular amount each month (from £40), invest a lump sum (from £1,000) or both.

  • Investing in the stock-market gives you the potential for better growth than other investment options, however all investments have a degree of risk, so their value can go down as well as up.

    Police Mutual's unique double guarantee reduces the risk, whilst giving you the opportunity for better returns over the medium to long-term (a minimum of five years).

    Please note that if you do cash-in at any other time you could get back less than you’ve invested.

    The unique double guarantee protects your original investment and locks in any growth at set guarantee points. The following scenarios help explain how the guarantee works and assumes that no withdrawals have been made.

  • Five years from the end of the tax year in which you invest, we'll restore the value back to the original amount you invested.

    You can then choose to stay invested, or you can cash-in your plan, and receive the original amount that you invested.

  • Five years from the end of the tax year in which you invest (your first guarantee point), we'll lock-in the original amount you invested plus any growth. Imagine that the value of your investment then falls. At your next guarantee point we'll restore the value of your plan back to the value it had at your first guarantee point.

    You can then choose to stay invested, or you can cash in your plan, and receive back the original amount you invested, plus the growth locked in at your first guarantee point.

  • You can stay invested in the plan for as long as you wish. We'll apply a guarantee point five years from the end of the tax year in which you invest and every five years thereafter.

  • You can withdraw all or part of your money from the plan at any time. However, if you do cash-in at any time other than the guarantee points, you could get back less than you invested. Any withdrawals you do make will reduce the value of your investment and therefore your guarantee.

    Please note that the minimum withdrawal is £50, and £500 must remain in the plan to keep the plan open.