Protected Growth

Part of Options ISA

What is the Options ISA?

The Options ISA is a stocks and shares ISA that gives you four different, tax-efficient options to save lump sums, regular amounts or both. You can pick just one option, split your money across several or put money into different options, at different times. 

So, whether you’re looking for a fixed rate, total security, potentially better returns or a combination of all of these, you can get them all with our Options ISA plan.

Why Protected Growth?

This has been designed for savers who are looking to invest a lump sum over five years or more with guaranteed protection*.

It is suitable for those seeking growth potential but want the protection of money-back guarantee points and the opportunity to lock in growth every five years.

There is no set period of time you need to save over, but it’s really designed for money to be invested until at least the next five-year set guarantee point.

Options ISA brand image

Key features

Money back guarantee

*A money back guarantee at five-year set points with any gains made also locked in. However, if you withdraw your money other than at the five-year set guarantee points, you may get back less than you put in.

Lump sum investment

The minimum lump sum investment is £1,000.

Transfers and top ups

Transfers from previous tax years are permitted, but top ups to your original investment are not. However, you can start another investment in this option with a separate guarantee at any time.

How has Protected Growth performed?

Please see the table below. It shows the value of the Protected Growth option invested on 1 October 2013 - 1 October 2018 and the value that the member could have received if they were to withdraw all of their investment on the specified date. Example based on Police Mutual simulated past performance figures, though you should remember past performance is no indication of future performance and should not be the reason for choosing a product.

Date Police Mutual Protected Growth % in period
01/10/2013 £13,000 -
01/10/2014 £13,749 + 5.8%
01/10/2015 £14,436 + 5.0%
01/10/2016 £14,279 - 1.1%
01/10/2017 £15,401 + 7.9%
01/10/2018 £15,788 + 2.5%
Total gains £2,788 + 21.4%
You should remember past performance is no indication of future performance and should not be the reason for choosing a product.
Example based on Police Mutual simulated past performance figures due to product launching in November 2015.
Example based on a £13,000 initial investment on 1 October 2013 and assumes no withdrawals are made.

Investment of £13,000 based on ISA transfer.
Performance figures take into account all charges which are 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 Protected Growth ISA option 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 Options ISA is a Stocks and Shares ISA.

Am I eligible?

Yes, if you’re a UK resident. The minimum age for opening a plan is 18 and the maximum age you can add money is 85. You will also need to be a serving/retired police employee, Special or a member of their family.

Partners and wider family of the above, including parents, brothers and sisters, children and grandchildren, nieces and nephews, brothers and sisters-in-law and parents-in-law are also eligible.

Family eligbility cards

How do I save?

You can invest a lump sum by card, bank or building society account transfer, cheque (not online) or ISA transfer.

Options ISA funds

Our Options ISA includes other options you may find of interest:

Anytime Access

For savers who want money-back protection on their investment at all times

More info

Fixed Term

For savers who want to invest a lump sum over a fixed term for fixed growth

More info

Non Guaranteed

For savers who are willing to sacrifice guarantees for potentially higher returns

More info

You may also want to know how different options can work together. Click here to see how, using our Options ISA Calculator.

And finally, if you want to look into the benefits of a stocks and shares ISA versus a Cash ISA, please seek professional advice.

Important information

It’s important you understand all of the key features of the Options ISA if you are considering applying.

Apply now

It should take no more than 5 minutes to complete the online application. 
Just have your NI number and bank details to hand.

Apply now

Or if you’d prefer to call to apply, ring us on 0345 88 22 999.


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