Monthly Savings ISA

Our Monthly Savings ISA has been specifically designed to give you tax-free benefits, competitive returns and much more flexibility. It is a Stocks and Shares ISA.

With our Monthly Savings ISA your money is working hard for you AND you’re in control!

It’s a stocks and shares ISA and allows you to shelter £20,000 from the taxman every year.

Competitive Returns

  • get a guaranteed annual bonus of 2%* until 5 April 2019
  • subsequent annual bonus rates will be no less than the annual bonus rate for our Lump Sum ISA
  • your savings can then be left to grow, withdrawn, or switched to our Lump Sum ISA for even higher growth potential

Flexibility

  • you can vary your premiums or add a lump sum (min £300; max £1,499) at any time
  • you can stop and restart your premiums at any time
  • all funds invested for at least two tax years can be withdrawn with no penalty

Low Starting Premium

  • save from just £50 a month (£30 if you are in your first five years of service as a police officer or staff member)
*For amounts invested in 2017/18 tax year. A new guaranteed rate will be set in April 2018.
What returns might I expect from this plan?

This plan has only been offered since 2016 and therefore has no ‘past performance’ to show.

However, an indication of future returns can be guided by the guaranteed annual bonus of 2% until 5 April 2019.

This rate applies only for amounts invested in 2017/18. The next guaranteed rate (for amounts invested in 2018/19) will be set in early 2018. The annual bonus rate applying to amounts remaining invested after the guarantee period will be no less than the annual bonus rate for our Lump Sum ISA.

 

 

2%

Guaranteed bonus rate until April 2018

Where is my premium invested?

graph 2016

The premiums are invested in the Metfriendly With-Profits fund which is made up of equities, commercial property, bonds and cash. The example in the diagram shows the approximate “mix” as at 31 December 2016. For more information on how the with-profits fund works, please refer to How we manage the with-profits fund.

 

 

 

 

What are the early redemption charges?

We seek to keep our charges to a minimum. However should you seek to cash in within 2 years of investing the following apply:

  • Withdrawal or transfer of savings during their tax year of investment – one month’s premiums
  • Withdrawal or transfer of any amount invested in previous tax year – 3% of the value.
What if I change my mind?

We will send you a certificate showing your benefits and a cancellation notice. If you change your mind, you can return the notice within 30 days for a full refund.

How much will it cost for advice?
  • We do not offer or give financial advice.
  • We do not make any form of commission.
  • The cost of providing verbal or written information about this product is included in our overall expenses.
**Amazon.co.uk is not a sponsor of this promotion. Amazon.co.uk Gift Cards (“GCs”) may be redeemed on the Amazon.co.uk website towards the purchase of eligible products listed in our online catalogue and sold by Amazon.co.uk or any other seller selling through Amazon.co.uk. GCs cannot be reloaded, resold, transferred for value, redeemed for cash or applied to any other account. Amazon.co.uk is not responsible if a GC is lost, stolen, destroyed or used without permission. See www.amazon.co.uk/gc-legal for complete terms and conditions. GCs are issued by Amazon EU S.à r.l. All Amazon ®, ™ & © are IP of Amazon.com, Inc. or its affiliates.

Good service – always very helpful and informative.

Miss J Coward, South Norwood, London

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

Miss A McLeary, ESB

‘I have been a member since 1980. Never had any problems or issues. Staff always helpful.’

Mr Nino Trancucci, London

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

DC Chris W, SO15

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

Police Sergeant S Drysdale, DPS Borough Support

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

Mr P Payne, Bordon

‘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

‘I would recommend Metfriendly to everyone.’

Mrs V Thompson, Dagenham

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

 

D.C. R McLaren, Hackney Borough Stations

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