Scottish Friendly
£315 Free Cash
Stocks & Shares ISA£265profit
15mins to complete
Offer overviewChris · Your personal guide
Scottish Friendly is a UK investment provider offering Stocks & Shares ISAs, with ready-made funds or a range you pick yourself.
TopCashback pays £315 cashback within 180 days when you start a Stocks & Shares ISA at £100 a month.
Keep that premium going until the cashback lands, so about £600 of your own money goes in. After the £50 early-exit fee, net profit is £265.
The cashback is separate from how the investment performs, so treat them as two things. This runs alongside the Shepherds Friendly offer, and you can do both.
Key terms
+£265
Credit checkNone
Invest£600
6 x £100 per month
Investment period6 months
Cashback£315
Cashback arrives6 months
Eligibility
- Qualifies:A new Scottish Friendly customer
Investment and Cashback Options
The bigger your monthly investment, the bigger your cashback. The sweet spot is £100 monthly investment which gives you £315.
| Monthly Investment | Cashback | Net Profit* |
|---|---|---|
£50-£99.99 | £150 | £100 |
£100-£199.99 (Quidsy Pick) | £315 | £265 |
£200-£299.99 | £335 | £285 |
£300-£399.99 | £410 | £360 |
£500-£999.99 | £490 | £440 |
£1,000+ | £510 | £460 |
*Once you complete this offer, if you close your Scottish Friendly ISA, you will pay a £50 exit fee. Therefore, we have reduced the net profit by £50. Alternatively, you could leave a minimum of £50 in your ISA and withdraw in 5 years' time to avoid the exit fee.
Last checked: 9 Sept 2026Full terms(opens in a new tab)
Step by Step Guide
Start here
Sign up to Scottish Friendly
10 mins
- 1Use the button below to go to the Scottish Friendly offer on TopCashback
- 2Click through to open your Scottish Friendly account
- 3Select 'MoneyBuilder ISA' and choose £100 per month as your premium
- 4Complete identity verification and set up your Direct Debit
Keep monthly investment
Keep paying your monthly investment until your cashback is paid. Missing payments may void the offer.
Up next · 1 step
Receive £315 cashback
Within 6 months5 mins
- Withdraw your £315 cashback from TopCashback to your bank
You now have three options with your ISA:
Withdraw everything and close your ISA (you'll pay the £50 exit fee)
Leave £50 in your ISA, withdraw the rest, and close in 5 years to avoid the exit fee
Keep your ISA open if you're enjoying Scottish Friendly as an investment platform
Your ISA balance may have risen or fallen; this does not change the TopCashback amount.
2 steps to £265
Quick review
Scottish Friendly
Wondering whether Scottish Friendly is worth it beyond the bonus? Here is our honest take.
A Scottish mutual life office that's been running managed Stocks and Shares ISAs since 1862. Quidsy has a tidy ISA deal via TopCashback that pays you back in cash for opening one. Suits hands-off savers who want a tax wrapper without picking funds themselves. Fees are higher than DIY platforms, so weigh that up.
CategoryInvesting Sign-ups
Last updated
Chris' verdictYour personal guide, QuidsyHonestly, Scottish Friendly is not the cheapest Stocks and Shares ISA on the market, and it's not trying to be. The headline AMC is 1.5% (currently discounted to 1.25% on the Unitised With-Profits Fund since January 2025, subject to periodic review), which is materially higher than something like Vanguard, InvestEngine, or Trading 212.
What you're paying for is a long-established, member-owned mutual that handles all the fund management for you and has been doing it for over 160 years. If you value that, it's a fair trade.
What I like is how straightforward the proposition is. You pick the ISA, set a monthly amount, and they invest it for you. No fund picking, no rebalancing, no notifications nudging you to trade. For a certain kind of saver, someone who wants the tax wrapper but doesn't want to think about it, that simplicity is the whole point.
The merger with OneFamily, due to complete in early 2027, doesn't change my view either way. The Scottish Friendly brand is staying, your ISA terms carry over, and the combined entity will be one of the largest mutuals in the UK. If anything it adds scale.
The one thing I'd pay attention to is the £50 exit fee within the first 5 years. Quick trick: leave £50 invested rather than fully closing the account, and the fee doesn't apply. Small admin step, but it's the difference between paying £50 to leave and paying nothing.
Worth it for hands-off savers who value mutuality over rock-bottom fees. Not worth it if you want to actively pick funds or run a multi-fund portfolio from one app.
Scottish Friendly Assurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. FRN: 110002. Investments are protected by the Financial Services Compensation Scheme up to £85,000.