Call our cheap Scottish Friendly Assurance Contact Number for all insurance services.
Scottish Friendly is a mutual organisation meaning it is owned and run by its members. It has 150 years of experience working with mutual investments. Their experience in this field helped many people benefit from their “New Individual Savings Account”. If you wish to know more about their mutual or friendly investment system called NISA, Junior ISA and other insurance plans, please call the Scottish Friendly Assurance Contact Number on 0843 504 3653. Their friendly assurance agents will answer your queries and help you understand why their mutual system is more beneficial than traditional investment systems. Other information such as insurance services will also be discussed. You’ll be more informed about the wonderful opportunities they are offering.
What is New Individual Savings Account and how will I benefit from it?
Great news! Scottish Friendly’s NISA is a new way to save and invest for your future. This investment system is tax free. The funds that are invested will grow free of income and capital gains tax (other than tax on dividends from UK shares). Tax free in terms of a New Cash ISA meaning you don’t pay tax on any interest earned on your savings. Tax treatment depends on your individual circumstances and tax law may change in the future. Currently, there are two types of Scottish Friendly NISAs. These are: New Cash ISA and New Investment or New Stocks & Shares ISA.
What is a New Cash ISA?
It is a savings account that Scottish Friendly offers where you can save your money without worrying about tax deductions. It’s a tax free saving account unlike other banks where all of their clients will be subjected to tax deduction mandated by Her Majesty’s Revenue and Customs.
What is New Investment ISA or New Stocks & Shares ISA?
It is an investment system offered by Scottish Friendly where your investments will be used in the stock market in things like funds, bonds or individual shares. Please be aware that the stability of stock exchange in the stock market is unpredictable. If the stocks went up or down, so does your investment.
Do I need to pay tax on a New Investment ISA?
No, just like a New Cash ISA, the tax collector can’t touch what your investments earn (other than tax on dividends from UK shares).
Scottish Friendly Assurance Complaints Number
Do you wish to know more how your insurance works? You can always phone the insurer’s customer services number if you want to ask any question related to you policy. If you are in doubt on how to do a particular claim, you are always welcome to call their helpdesk number to address your concerns.
If you encountered any problems or concerns that need escalation, you can call the Scottish Friendly Assurance Telephone Number on 0843 504 3653. Their professional support team will help you solve your problems or concerns in a timely manner.
You can also send them a letter at:
Scottish Friendly House
16 Blythswood Square
Glasgow G2 4HJ
They would be pleased to answer all your queries.
Is it possible to have both type of NISA?
According to the Scottish Friendly’s investment guidelines, you can have both New Cash ISA and New Investment ISA or New Stocks & Shares ISA as long as you follow their annual limit guidelines.
What is the maximum limit per annum for New Investment ISA and New Cash ISA savings accounts?
According to the Scottish Friendly’s investment guidelines every saving account holder can invest up to £15,000 in any tax year. It can be used for New Investment ISA or New Cash ISA savings accounts. Please be aware that you can only save and invest in one New Cash ISA and one New Investment ISA each tax year.
Which is better among the three mutual investment services that Scottish Friendly Assurance offers?
New Cash ISAs are mostly bank accounts where the interest is added tax-free to your account. New Investment ISAs are linked to the stock market which the potential full growth will reach long term. Usually, it would take five years