Whatever you are saving for, the Police Mutual ISA gives you control and flexibility over how you save.

The Police Mutual ISA lets you save in a way that suits you. You have the flexibility to change, stop and start the amount you decide to save.

Open yours today with a direct debit of just £30 a month, or a one–off lump sum of £100 up to the maximum £20,000. 

Things to think about

  • The Police Mutual ISA is a Stocks and Shares ISA.
  • The money you pay in is spread across a range of investments.
  • The value of your investment can go down as well as up so when you take your money out you may get back less than you put in.
  • Police Mutual ISA is designed to be a medium to long-term investment, held for 5 to 10 years or longer.
  • In the tax year 2022/23 the maximum you can save in ISAs is £20,000. You can only pay into one Stocks and Shares ISA each tax year.
  • ISAs are normally free of tax. Tax treatment depends on individual circumstances and may be subject to change. 
  • Risk IndicatorAssuming you save for at least 5 years, we have classified the product as 3 out of 7, which is a medium to low risk investment. This rates the potential losses from future performance at a medium to low level, and poor market conditions are unlikely to impact our ability to pay you. The risk may be higher if you hold the product for less than 5 years. The risk indicator allows you to compare the level of risk of this product against other similar products.Risk Indicator

  • For regular savings

    If you like to save regularly, month by month, the Police Mutual ISA makes it easy. You set up a direct debit for a minimum of £30 a month – that’s equal to just £1 a day – or more if you like.


    For lump sum savings

    You can also invest a lump sum into your Police Mutual ISA at any time, provided you don’t exceed your annual ISA allowance.

  • The tax year begins on 6 April and ends on the 5 April the following year, so take advantage of your 2022/23 tax-free ISA allowance, which is £20,000.


    Tax treatment depends on the individual circumstances and may be subject to change in the future


    How to transfer into a Police Mutual ISA

    You can transfer your previous years’ ISA savings into the Police Mutual ISA. No need to contact your current provider, just call us on 01543 441 630 and we’ll take care of it for you.

  • The Police Mutual ISA is available exclusively to the Police Mutual family. It’s offered to both serving and retired Police Officers, Staff, Specials and their families. To date, there are more than 107,000 customers who hold a savings product, to save for their future with Police Mutual. So, if you’d like to start saving, you’re in good company.
  • The table below shows the value of a Police Mutual ISA invested on 1 July 2017 to 1 July 2022.  

    It shows the value that you could have received if you were to withdraw all of your investment on the specified date.



    Police Mutual ISA

    % in period

    1 July 2017



    1 July 2018



    1 July 2019



    1 July 2020



    1 July 2021



    1 July 2022



    Total Gains



    Example based on Police Mutual simulated past performance figures due to the product launching in October 2020.

    You should remember that past performance is no indication of future performance and should not be the reason for choosing a product.

    • Example based on a £10,000 initial investment on 1 July 2017 and assumes no withdrawals are made.
    • Performance figures take into account all charges which applied during the period. Charges may vary.
    • The performance of your own investment will depend on how much you invest, our charges and our investment performance.
    • Your investment can go up and down and you may get back less than you put in when you withdraw your investment.
    • The value of tax benefits depends on your individual circumstances and tax rates or legislation which could change in the future.
    • Our Police Mutual ISA is a Stocks and Shares ISA.
The (not so) small print
Police Mutual is a trading style of The Royal London Mutual Insurance Society Limited. More information is available on our legal page.
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Product documents

It is important you understand the key information of the Police Mutual ISA if you are considering applying.