Table 28 – Junior ISA

For our investment and saving products, the benefits, terms and conditions are described generally in our Rules and more specifically in a “Table”.

Table 28

This is a tax-exempt single premium with profit whole of life assurance written under the legislation and rules governing Individual Savings Accounts. It is available to children under the age of 18.

A separate contract may apply for each tax year, but the Society reserves the right to aggregate contracts for ease of administration.

On contracts issued until 5 April 2016, the Sum Assured is equal to the premiums received to date.

On contracts issued since 6 April 2016, the Sum Assured is equal to the single premium.

Bonuses. See Rule 4. Bonuses are based on the accumulated sum assured (Sum Assured plus Bonuses).

The accumulated sum assured is payable on death or, prior to age 18, on terminal illness (as defined by ISA regulations).

Surrender. Rule 3(8) applies except that contracts written up to 5 April 2013 may be surrendered for a sum not less than the accumulated sum assured on the 18th or 21st birthday, in both cases provided at least 5 complete tax years have elapsed since the tax year of subscription, or on the 25th birthday and every 5th birthday thereafter.

Surrender values prior to age 18 may only be paid to another ISA manager for the benefit of the child.

‘I have always been pleased with the returns from my Metfriendly policies.’

Mr P Payne, Bordon

Very happy with the service. I have a number of policies for myself and my children.

Police Sergeant S Drysdale, DPS Borough Support

‘I would recommend Metfriendly to everyone.’

Mrs V Thompson, Dagenham

‘Very pleased with the service I’ve received to help me save money direct from my salary.’

DC Chris W, SO15

Great opportunity for family members to be offered the same offers as members.

Miss A McLeary, ESB

‘Hassle-free savings that are started every year on my behalf, without me having to call up.’


D.C. R McLaren, Hackney Borough Stations

Good service – always very helpful and informative.

Miss J Coward, South Norwood, London

‘I’ve used Metfriendly for the last 5 years and recently the money has gone towards a deposit for our house. I will be signing back up next year to help save towards my kids future.’

Mrs A Cooper, Met CC, Bow