The SIT ISA

ISAs

Individual Savings Accounts (ISAs) replaced both PEPs and Tessas in 1999.  ISAs have since proved to be a popular and well-established way to save and invest and offer tax-efficiency, in particular for the higher-rate tax payer.

Investments in an ISA are sheltered from capital gains tax (CGT) and you do not have to declare an ISA on your tax return.

Stocks and shares ISAs combine tax efficiency with a straightforward route into the stockmarket with its opportunity for long term reward.

An ISA is a tax-efficient wrapper placed around investment(s). There are two different types of ISA – stocks and shares ISAs and cash ISAs.

The Scottish Investment Trust ISA

The SIT ISA is a stocks and shares ISA which allows investment in The Scottish Investment Trust PLC (SIT).

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.

With SIT's worldwide spread of investment risk, professionally managed fund of global equities and very competitive charges, The SIT ISA is a solid core holding for practically any ISA portfolio.

SIT Savings Ltd, a wholly owned subsidiary of The Scottish Investment Trust PLC, is the plan manager of The SIT ISA and is authorised and regulated by the Financial Services Authority.