Cookie Policy

To ensure you get the best possible experience when browsing the NFU Mutual website, all cookies have been allowed by default. By continuing to browse the site you are agreeing to this - however, you can change your cookie settings at anytime.

I agree

Shrewd Savings Plan ISA

Plant your money in the right place for the long term

The NFU Mutual Shrewd Savings Plan ISA is a stocks and shares ISA that invests in our With-Profits Fund.

This means that your money is invested in a tax-efficient environment within our With-Profits Fund, which aims to achieve long-term (typically minimum of 5 years) growth. In addition, any money you take out of your plan is paid without any further personal liability to taxation.

Full details of this policy can be found in the Shrewd Savings Plan ISA Key Features Document which should be read and understood before you decide to proceed with any purchase.

Our Financial Advisers* can guide you through the things you need to consider when investing your money.  NFU Mutual Financial Advisers advise on NFU Mutual products and selected products from specialist providers.


Tax treatment depends on individual circumstances and may change in the future.

The value of your investments can go down as well as up, and you may not get back the amount you invested.

What are the investment limits?

The amount you can invest each tax year in an ISA is £15,240.  You can split the ISA allowance as you wish between a Cash and Stocks & Shares ISA.  The flexibility means that you can now transfer funds from a Stock & Shares ISA to a Cash ISA, and vice versa.  NFU Mutual does not offer Cash ISAs.

Minimum investment amounts

For Regular Savings: If you want to contribute on a monthly basis, the current minimum amount is £25 per month.

For Lump Sums: The minimum lump sum you can contribute to open your ISA is £1,000.  If you are topping up your existing ISA, this amount may be less.

How does the investment work?

If you take out an NFU Mutual Shrewd Savings Plan ISA, your money will be invested into the NFU Mutual With-Profits Fund, which means it will be spread across a number of different investments, including fixed interest stocks, property and equities.

The returns from this type of investment are 'smoothed', to offer you the potential for steadier growth over the long-term.

Any growth achieved will be reflected through a combination of adding annual bonuses, by increasing the unit price and by further additions of terminal bonus which may be added when the units are cashed in.

Remember, as with all stock market linked investments, the value of this plan can go down as well as up, and you may not get back the amount you invested.  The value of your investment in the With-Profits Fund may be reduced to reflect market conditions on full or partial withdrawal, at any time other than on the policyholder's death.

This reduction is called a Market Value Reduction (MVR). This could reduce the value of your investment and is most likely to happen following a large or prolonged fall in the stock market, or after a period where investment returns are regularly below the level we normally expect.

Our philosophy is always to balance potential returns without taking unnecessary risk.

Can I take money out or transfer money into it?

You can withdraw all or part of your investment at any time by writing to us.  The minimum withdrawal you can currently make is £100, and you must leave at least £500 invested.

If you make withdrawals, the amount of your capital will reduce if the growth of your investment does not exceed the level of withdrawals taken.

You can transfer your investment from another stocks and shares ISA or Cash ISA.

Which investment is right for me?

At NFU Mutual we rate all our funds against the type of investment that's right for you, to help you understand if a fund suits you.

If you'd like to know more about the risk profiles, go to Our Risk Ratings page.

Take the time
to talk to us

Our Financial Advisers will help create a picture of what you want to achieve and devise a financial plan that could help you realise your dreams.*


* Please note

When you contact us we'll explain the advice services we offer and the charges. NFU Mutual Financial Advisers advise on NFU Mutual products and selected products from specialist providers.

For security and training purposes calls may be recorded and monitored.