Lump Sum ISA

Make your money work harder

A Stocks and Shares ISA designed for the serious saver looking to invest a lump sum for the medium to long term, with tax-free returns.

Minimum £2,000 investment

Max £20,000 annual investment

For ages 18+

Medium to long term

Open a Lump Sum ISA Speak to our friendly team

What is a Lump Sum ISA?

A Stocks & Shares ISA designed with medium to long‑term goals in mind. It can work well for things like a future house move, university costs or retirement planning.

The Lump Sum ISA is a tax-free savings plan where you can invest up to £20,000 each tax year. It's designed for the serious saver looking to invest for the medium to long term.

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 ISA

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 Lump Sum ISA Speak to our friendly team

At a glance

Min. Investment 

£2,000 (up to £20,000 per tax year)

Recommended Term

Medium to long term (ideally 5 years or more)

Access 

Open ended
3% deduction on withdrawals or transfers during year 1

Returns

Annual and Final Bonuses (share of the With-Profits Fund performance)

Risks 

Return linked to With-Profits Fund performance. 

Quick links

Transfer your Lump Sum ISA 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 up to the ISA limit each tax year and leave your savings to grow. If you are looking to invest a lower amount, our Monthly Savings ISA may be worth considering.

Decide how much to invest

Apply online or speak to one of our friendly team who will be happy to help.

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.

Lump Sum ISA Calculator

See how your lump sum investment could grow in a With-Profits ISA fund. 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 Lump Sum ISA

Key Information

Before you open your Lump Sum ISA, please read the key information below.

Product guide

Comprehensive guide covering all aspects of the Lump Sum ISA product and features.

Download PDF

Key Information Document

Detailed information about your Lump Sum ISA, including features, risks, and costs.

Download PDF

Application form

Don't want to apply online? Speak to our friendly team or alternatively download your application form.

Download PDF

30-day cooling-off period

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

Penalty 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.

You can transfer existing ISA funds from other providers into the Lump Sum ISA. Speak to our friendly team who will mange the transfer process for you.

Yes, since 2024, you can pay into multiple ISAs of different types (e.g., a Cash ISA and a Stocks & Shares ISA) or even multiple ISAs of the same type in one tax year. The total amount contributed accross all your ISAs must not exceed the overall annual ISA limit.

You can do it online in a few minutes by clicking 'Open a Lump Sum ISA' or alternatively, speak to one of our friendly team to open your ISA over the phone.

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.