The SIT ISA
Individual Savings Account
The SIT ISA is a stocks and shares ISA which allows investment in The Scottish Investment Trust PLC.
Anyone who is a UK resident, or who is ordinarily resident in the UK, and is over the age of 18 may invest in The SIT ISA.
Over the years, The Scottish Investment Trust PLC (SIT) has provided a highly attractive combination of low charges and long-term performance. Through The SIT ISA we offer our investors a low-cost, tax-efficient investment trust savings scheme which enables investors to buy shares in SIT. This allows investors access to a professionally managed portfolio of global equities.
SIT is ideal as the cornerstone in an individual investor's portfolio. With access to a worldwide spread of investment risk, a professionally selected portfolio of global shares and very competitive charges, The SIT ISA is a solid core holding for practically any ISA portfolio.
SIT Savings' charging structure for The SIT ISA allows your clients to purchase a global portfolio of equities on a very competitive basis:
- No initial charge.
As with all shares, there is compulsory government stamp duty on purchases and a different buying and selling price applies.
- Annual management charge of 0.6% (including VAT) currently capped at £30 + VAT
- Free withdrawals
- No closure fees
- Interest is paid on uninvested balances for monthly savers
- No transfer in fee
With no initial or withdrawal charges and a capped annual management charge, The SIT ISA is one of the most cost-efficient ISAs on offer.
For more information on The SIT ISA and an application pack, please click here.