- The Shepherds Friendly ‘ISA Boost’ consists of a payment into your Shepherds Friendly Stocks and Shares ISA or Junior ISA from Shepherds Friendly on your behalf.
2. If you currently hold an ISA or Junior ISA with Shepherds Friendly you will not be eligible for this offer.
3. If you have previously held an ISA or Junior ISA with Shepherds Friendly and have since cancelled or closed the plan you will not be eligible for this offer.
4. You can only hold one ISA with Shepherds Friendly. Multiple ISA applications will be merged, and the ISA Boost will not be paid in this instance.
5. You can only hold one Junior ISA account per child with Shepherds Friendly. Multiple Junior ISA applications for the same child will be merged, and the ‘ISA Boost’ will not be paid in this instance.
6. If opening your plan with a Direct Debit, the value of the ‘ISA Boost’ will be equal to your first monthly Direct Debit payment into your Shepherds Friendly Stocks and Shares ISA or Junior ISA, up to the value of £100. Additionally, an extra £5 will be added to your cashback boost if you apply through UNISON. See the below table for reference:
| Direct Debit deposit | ISA Boost Value |
|---|---|
| £10 | £15 |
| £20 | £25 |
| £30 | £35 |
| £40 | £45 |
| £50 | £55 |
| £60 | £65 |
| £70 | £75 |
| £80 | £85 |
| £90 | £95 |
| £100 | £105 |
7. If opening your plan with a one-off lump sum or transfer-in from another provider, the value of the ‘ISA Boost’ will be equal to the minimum lump sum payment of £100 that can be paid into your Shepherds Friendly Stocks and Shares ISA or Junior ISA. Additionally, an extra £5 will be added to your cashback boost if you apply through UNISON. See the below table for reference:
| Lump Sum or transfer-in deposit | ISA Boost Value |
|---|---|
| £100+ | £105 |
8. The ‘ISA Boost’ will be paid within 30 days of your first monthly premium being received into your ISA or Junior ISA.
9. The ‘ISA Boost’ will be paid directly into your Stocks and Shares ISA or Junior ISA, which will count towards your annual ISA allowance usage
10. If you open a plan by using the maximum ISA or Junior ISA allowance, a refund will be issued to the value of your ‘ISA Boost’ cashback. This is to ensure you do not breach ISA rules.
11. The offer is valid only for the adult Stocks and Shares ISA, or a Junior ISA only.
12. This offer cannot be claimed in conjunction with other offers, such as cashback and voucher codes.
13. If an ISA boost is paid into a Junior ISA, which then matures, the same member cannot receive an ISA boost into an adult stocks and shares ISA.
Fair usage policy
As a mutual society, we have a commitment to be fair to our members. Therefore, to protect the interests of members, a 12-months fair usage period applies to the ‘ISA Boost’.
If a breach of the fair usage policy is found, Shepherds Friendly reserves the right to deduct the value of your ‘ISA Boost’ from your Stocks and Shares ISA.
1. The 12-month fair usage period starts on the date your Stocks and Shares ISA is issued.
2. Closure of the plan will be defined as a breach of the fair usage policy.
3. Transferring funds to another provider will be defined as a breach of the fair usage policy.
4. As part of the fair usage policy, the ‘ISA Boost’ can only be used once per person. However, with regards to a Junior ISA, each child is classified as an individual person.
5. Shepherds Friendly reserves the right to withdraw this offer at any time.
