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30 April 2008
The SIT SIPP expands investment universe
SIT Savings Ltd, the wholly-owned subsidiary of The Scottish Investment Trust PLC, recently added The SIT SIPP, a Self Invested Personal Pension, to its product range. SIT Savings Ltd announces the expansion of the investment universe of The SIT SIPP which now includes:
International equities listed in:
- New York (AMEX, NASDAQ, NYSE),
- Frankfurt (XETRA),
- Milan (MTA),
- Paris (Euronext),
- Amsterdam (Euronext) and
- Brussels (Euronext).
The dealing charges for these international equities are very competitive:
- £17.50 to buy or sell real-time online
- £20 to buy or sell real-time over the telephone
The SIT SIPP provides:
- an extensive choice of investments, including The Scottish Investment Trust PLC (SIT) - enabling you to tailor the investment combination in your pension to suit your particular needs and objectives
- flexibility - allowing you to choose from a number of contribution and investment options, including real-time online dealing, and letting you stop and start contributions and investment as and when it suits
- tax-efficiency - allowing you to take advantage of the tax incentives currently available.
Sherry-Ann Sweeting, Marketing Manager, SIT Savings Ltd, says:
"Choice and flexibility are key attributes of The SIT SIPP, accordingly we extended the already wide choice of investment to include international equities listed on major US and European stock exchanges."
"It was imperative to maintain the very competitive charging structure of The SIT SIPP so we are pleased to provide the opportunity for SIT SIPP investors to deal in these international equities very cost-effectively."
"The SIT SIPP offers choice, flexibility and control to help you invest for your retirement - whether you are just starting to contribute to your pension or are approaching retirement."
List of investments
The SIT SIPP enables clients to choose from a comprehensive range of investments, including:
- Equities listed on the FTSE 100, 250 and FTSE All-Share*
- Shares in Investment Trusts
- Alternative Investment Market (AIM) stocks
- Exchange Traded Funds (ETFs) also known as Tracker Shares
- Units in a wide range of authorised UK unit trusts
- Shares in UK Open Ended Investment Companies (OEICs)
- Gilts
- Corporate fixed and convertible bonds
- CREST Depositary Interests (CDIs)
- Warrants in UK shares settled in CREST
- UK convertible and cumulative preference stock
- International equities listed in New York (AMEX, NASDAQ, NYSE), Frankfurt (XETRA), Milan (MTA), Paris (Euronext), Amsterdam (Euronext) and Brussels (Euronext).
You can contribute to The SIT SIPP even if you are already an active member of an employer’s pension scheme or are contributing to other pension plans.
Your spouse or partner, children or grandchildren could have a SIT SIPP and, even if they are not earning, take advantage of tax relief on contributions of currently up to £3,600 gross each tax year. If you contributed £2,880, £720 would be claimed from HM Revenue & Customs on your behalf and paid into your SIPP.
SIT offers several routes to application. Investors can apply by downloading the application form available on the SIT website (www.sit.co.uk), or request the information pack by contacting SIT on 0800 42 44 22 or by asking their IFA.
The value of investments and any income from them can go down as well as up and cannot be guaranteed. This means you may not get back the amount you originally invested. Past performance may not be repeated and is no indicator of future performance. Please remember that The SIT SIPP may not be able to provide you with the pension you expect at your chosen retirement date. Even when contributions are maintained, there is no guarantee that a target benefit will be met. Tax benefits depend on individual circumstances and, as with governing law for SIPPs, may change in the future. If you are unsure as to whether The SIT SIPP is a suitable pension product for you, you should contact an appropriate independent adviser.
SIT Savings’ other products include an investing for children scheme - STOCKPLAN: A Flying Start; an investment trust savings scheme - STOCKPLAN; and a tax-efficient stocks and shares ISA - The SIT ISA.
* FTSE 100 Index™, FTSE 250 Index™ and FTSE All-Share Index™ copyright © FTSE International Limited. All rights therein reserved.
Issued by SIT Savings Ltd, a wholly-owned subsidiary of The Scottish Investment Trust PLC. SIT Savings Limited is registered in Scotland number SCO91859. Registered Office: 6 Albyn Place, Edinburgh, EH2 4NL. Authorised and regulated by the Financial Services Authority. FSA Registration Number: 125495. Financial Services Authority (FSA), 25 The North Colonnade, Canary Wharf, London E14 5HS.
The SIT SIPP is administered by A J Bell Management Limited, part of the A J Bell Group, one of the UK’s leading specialists in trustee and administration services for SIPPs.
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