With-Profit Bond

Make your money work harder

Looking to invest beyond your ISA allowance? Our With-Profit Bond gives you long-term growth but with the flexibility to dip in and acess your investment when you need it.

Invest from £2,000 with no max

Access your pot when needed

Annual and final bonuses

Get up to £500 added boost*

Open a With-Profit Bond Speak to our friendly team

What is a With-Profit Bond?

Invested in the same way as our Lump Sum ISA but with no maximum investment limit. The With-Profit Bond could be an option for those looking to invest a large lump sum such as a Police Pension or inheritance over the medium to long term.

Those who have used their ISA allowances and wish to invest larger lump sums.

Members’ policies have the safety net of the Financial Services Compensation Scheme (FSCS) for insurance policies to fall back on. This means that there is no upper limit on the amount protected, unlike the FSCS Deposit and Investment schemes which are limited to £120,000 per person per company. Therefore, offering reassurance for those looking to invest larger lump sums.

Invested in our With-Profits Fund with the aim of delivering a cash beating return over the medium to long term. This may be appropriate for those looking for consistent growth without the same level of risk as a pure Stocks & Shares investment.

Capital at risk. The value of your plan can go down as well as up and you may get back less than you pay in. Our savings and investment products should be considered medium to long term investments.

Open a With-Profit Bond Speak to our friendly team

At a glance

Min. Investment

£2,000 (with no upper limit)

Recommended Term 

Medium to long term (ideally 5 years or more)

Access 

Open ended

Early withdrawal penalty (3% during first year of investment)

Returns

Annual and Final Bonuses (share of With-Profits Fund)
Gains paid net of basic rate tax
Higher and additional rate taxpayers may have further tax liability

Risks

Return linked to With-Profit Fund performance. 

Quick links

What is With-Profits? Jargon Buster Police Pay Guide

Made for the Police Family

Better protection

Our policies are fully protected by the Financial Services Compensation Scheme (FSCS). Designed to keep your savings safe if a provider fails, giving you peace of mind.

Built for the Police Family

A Friendly Society serving the UK Police Family for 130+ years.

Member-owned

As a mutual, all profits are returned to members through bonuses and in support of the wider Police Family.

All serving and retired Police Officers, Staff and their families are eligible

Special Offers

Get up to £500 Added to Your Investment

Get an instant loyalty boost of up to £500 added to your investment plus a £50 Amazon.co.uk Gift Card! To get this offer, invest or transfer £10,000 or more into a Lump Sum ISA or With-Profit Bond before 5th April 2026, quoting Offer26. Terms and Conditions apply.

View Lump Sum ISA View With-Profit Bond

How it works

Invest from £2,000 with no upper limit. Your bond can then be left to grow over the medium to long term.

Decide how much to invest

Apply online or speak to one of our friendly team.

Invested in our With-Profits Fund

Your savings are pooled together with our Members' money with the aim of producing steady growth over the medium to long term.

Time to grow

Leave your savings to grow (for ideally 5 years or more) but with the flexibility to take some or all of your funds when needed.

With-Profit Bond Calculator

See how your lump sum investment could grow in a With-Profits Bond. Our calculator shows projections based on different expected annual returns

How much would you like to invest?

How long do you plan to invest for?

Expected annual return 2.0%

Please note this calculator provides an illustration only. Your choice shouldn't be seen as an average and isn't guaranteed. Investment returns cannot be predicted and may be higher or lower than this. You can change the growth rate to see how a different level of investment return could affect the final amount.

Your Investment Projection

Based on 10 years at 2% annual return

Projected final value

£12,190

Initial investment

£10,000

Total growth

£2,190

Percentage growth

21.9%

Open a With-Profit Bond

Key Information

Before you invest in a With-Profit Bond, please read the key information below.

Product guide

A detailed guide to how the With-Profit Bond works, including examples and past performance.

Download PDF

Key Information Document

Full product information including how bonuses work, charges, and risks.

Download PDF

Application form

Your With-Profit Bond application.

Download PDF

30-day cooling-off period

You have 30 days from opening your Bond to change your mind. If you cancel within this period, you'll receive a full refund of your original investment.

Penalties on withdrawals

There is a 3% penalty on withdrawals within the first year of investment.

Market Value Reduction (MVR)

With-profits funds may apply a Market Value Reduction if investment markets have fallen. This adjustment ensures fair treatment for all investors and protects those who remain invested.

As a NARPO Member, I’m proud to say that Police Friendly & Metfriendly has delivered financial security for me and my family.

Craig Haslam, DL FGPT, Retired Chief Superintendent

Your presenters were really good and explained what can be complicated and complex matters, in a simple and easy to understand format.

Pre-retirement seminar attendee

Little bits of saving down the line can make a huge difference to your family, whatever the future brings.

Emma Richards, third generation Retired Police Officer, Police Friendly & Metfriendly Non Executive Director

I have always been pleased with the returns from my Police Friendly & Metfriendly Policies.

Mr P Payne

With the Government’s Lifetime ISA bonus and my family chipping in, I was able to buy my first home sooner than I ever dreamed.

Mr B

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

Miss A McLeary

Contact us directly

Get free, personalised guidance on your savings and investment options.
For serving, former and retired Police Officers, Staff and their families.
A 20-30 minute session with one of our friendly team.

Call us today

08:30 to 17:00 Monday to Thursday and 08:30 to 16:30 on Friday.

01689 891454

Send a message

Get in touch using the email below or fill in the form to get a call back.

info@mpfs.org.uk

Office

MPFS, Central Court,
Knoll Rise,
Orpington
BR6 0JA

Get directions

Request a callback

Want to talk to one of our friendly team about your options? Drop your details on the form below and we will get in touch.