The SIT ISA

ISAs - Individual Savings Accounts

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).  SIT does not offer a cash ISA.

Anyone who is resident in the UK for tax purposes and is over the age of 18 may invest in The SIT ISA.

With access to a worldwide spread of investment risk, a professionally-managed fund of global equities and very competitive charges, The SIT ISA may be a solid core holding for your ISA portfolio.

Important notes

The information in this section does not constitute advice nor a recommendation to invest in The SIT ISA.  If you are not sure if an investment in The SIT ISA is suitable for your circumstances, you should consult your professional adviser.

The value of investments and the income from them can go down as well as up as a result of market and currency fluctuations and investors may not get back the amount originally invested.  Taxation levels, bases and reliefs are subject to change and may depend on individual circumstances.

The SIT ISA is marketed and provided by SIT's wholly-owned subsidiary, SIT Savings Ltd, which is regulated by the Financial Services Authority. SIT Savings Ltd is not authorised to give investment advice to individual investors.