£50 Gift Card for Investing £10 in a Scottish Friendly My Fund Select (ISA)

When you take out a My Fund Select (ISA) - AND ONLY THAT ISA - Scottish Friendly will send you a £50 "My Rewards" gift card within 28 days of receiving your first payment - use card at The Apple Store, John Lewis - or just top up your Amazon balance.

FOLLOW THE DEAL LINK, NOT GIFFGAFF, TCB OR QUIDCO - THERE IS NO OTHER CASHBACK AVAILABLE! CORRECT LINK IS ABOVE AND HERE scottishfriendly.co.uk/isas/my-fund-select-isa

Invest £10, which has to be done by direct debit. Earliest direct debit payment is about 11 days after opening account.

Make sure you sign up to manage your account online and opt for paperless communication - if you forget, no £50.

If you already have a Scottish Friendly account, accept the offer to log in and apply through it - all your details will be filled in for you automatically (except bank account)and you still get the £50 reward!

As soon as you collect and have spent your £50 card (>>> Amazon?!) cancel the direct debit via your bank account. 400% profit (£50 card minus the £10 effectively lost = £40).

You will be temptingly offered a refer-a-friend bonus of 2x£25 vouchers, one for you, one for the person you refer (see scottishfriendly.co.uk/recommend). Don't bother. The refer-a-friend bonus code emailed to you does not stack on your wife's (etc.) application, so applicant ends up with two £25 vouchers instead of one £50 voucher

If you're concerned about your £10 languishing in an ISA black hole, opt for the high-risk fund when prompted to choose your risk level. You never know, in ten years it might then be worth £10K! Or at least over £50, which would make withdrawal worth your while...

If you're worried about risking your £10 and not getting anything for it, don't be - if by some fluke you do not get the £50 card, complain about breach of T&C* and mention the regulator. They will pay up

Deal first posted 16/11/17 by writergirl74 but only got to 61 degrees despite it being £40 FREE MONEY! What is wrong with people..... Four adults in my household applied last year at total cost of £40 and we got the four x £50 vouchers = £160 profit. The offer T&C are unchanged and you are entitled to re-apply for financial year 2018-2019. And perhaps every financial year thereafter! I've set a calendar reminder for 2019....

As ever, take screen-prints as you go to use as evidence later if need be. The one time you forget will be the one time you need said proof....

*FULL T&C scottishfriendly.co.uk/files/2615/2326/4728/my-fund-select-ISA-product-guide.pdf

ISA questions. How you can split your ISA allowance:

• Use the maximum allowance for cash or investing. You can put all the £20,000 in a cash ISA. Or invest the whole lot in an investment ISA. Or put it all in an innovative finance ISA.

• Mix 'n' match. Split the allowance between cash, stocks & shares or innovative finance ISAs. You get to choose!

• If you wanted to, you could invest £5,000 in a cash ISA, £10,000 in a stocks & shares ISA and £5,000 in an innovative finance ISA. Or split it another way. The only rule is that, combined, your tax-free ISA savings in the 2018/19 tax year don't exceed £20,000.

• So, Yes, you can have more than one ISA per tax year, but as with all financial stuff read it yourself!

• moneysavingexpert.com/savings/ISA-guide-savings-without-tax

Good luck!