Guaranteed ISA Top Up

Our Guaranteed ISA is now closed to new applicants

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Guaranteed ISA Top Up

Benefits

If you are a current Guaranteed ISA holder, you can still top up your ISA online by clicking the 'Top up my Guaranteed ISA' link on the right hand side of the page.

If you are looking to invest into a new ISA, why not take a look at our Options ISA - one ISA, more ways to save. Whether you're looking for a fixed rate, total security or happy to sacrifice some protection for potential better returns, you can get it all in one simple ISA. Click here to find out more.

The (not so) small print

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 circumstance and tax rates or legislation which could change in the future.

Important Information

It is important you understand all of the key features of the Guaranteed ISA if you are considering topping up.

Guaranteed ISA important information document

Key Guide to investing in a with-profits plan

FAQ

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

How much can I put in an ISA?

The government says that the maximum you can invest in an ISA in the tax year between 6 April 2016 and 5 April 2017 is £15,240.

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

Who can buy an ISA?

You need to be 16 to start a Cash ISA and 18 to start a Stocks and Shares ISA.

Once you have fully used your tax-free ISA allowance in a tax year, any amount subsequently withdrawn, cannot be reinvested.

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

The Guaranteed ISA provides the potential for higher returns than an average cash ISA over the medium to long term (minimum five years), although cash ISAs provide security and access at all times. There are no set interest rates because what you'll get back, depends on the performance of our Life Fund, which is where your money is invested.

But remember, 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 other time other than on the guarantee points you could get back less than you have invested.

You can access money whenever you need to as there is no fixed term. But remember, the Guaranteed ISA is designed for those looking to invest for the medium to long term.

If you cash in between guarantee points, you'll get back what the ISA is currently worth, which 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 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.

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

Reducing the risks of investing

Investing in the stock-market gives you the potential for better growth than cash-based deposits like Cash ISAs or savings deposit accounts. However, all investments have a degree of risk, and 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 than a typical cash savings account over the medium to long-term (a minimum of five years).

Remember cash based deposits provide access and security at all times.

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.

What if the value of my investment falls over the first five year period?

Five years from the end of the tax year in which you invest we'll restore its 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.

What if my investment grew in the first five year period, but then fell after I left it 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.

How long can I stay invested in the plan?

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.

What if I need to cash-in my investment, between guarantee points?

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.

The table below shows the value of a Guaranteed ISA invested on 1 January 2012 to 1 January 2017. It shows the value that the member could have received if they were to withdraw all of their investment on the specified dates.

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 January 2012 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.
  • Guaranteed ISA performance figures are taken from Police Mutual internal figures.
  • 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.

 

Product Summary
  

Returns How much you get back depends on the performance of the Police Mutual Life Fund and your money is protected at set points by our unique double guarantee.
Guarantees 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 have invested.
Withdrawals 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.
Tax Status As it's an ISA there is no personal tax to pay. The value of tax benefits depends on your individual circumstance and tax rates or legislation which could change in the future.
Maximum Investment The ISA allowance for the current tax year is £15,240.
Transfers We accept transfers from other ISAs.
Charges There are charges on this plan. You can find full details in the “What are the charges?” section of the Guaranteed ISA Important Information document, by following this link.

 

It is important you understand all of the key features of the Guaranteed ISA if you are considering topping up. 

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Product documents

It is important you understand all of the key features of the Guaranteed ISA if you are considering topping up.

Guaranteed ISA important information document

Key Guide to investing in a with-profits plan

Top up my ISA