Cost-effective investment

Competitive charges

No entry charge

STOCKPLAN has no initial charge.

As with all shares, there is compulsory government stamp duty on purchases and a different buying and selling price applies (average spread 0.5%). For every £100 of SIT shares purchased, 50p is paid in government stamp duty (which is currently levied at the rate of 0.5% of the amount invested).  There is also a PTM (Panel on Takeovers and Mergers) levy of £1 for any purchase or sale of shares over £10,000.

No annual management charge

No annual management charge is paid to SIT when you invest through STOCKPLAN.

As in any public limited company (PLC), the overheads of running SIT are clearly identified as expenses in the Annual Report.  These expenses are not levied directly on the investor, they are paid out of the income of the trust. SIT dividends are paid to shareholders after these costs have been met. Please refer to our Key Features document for details of current expenses and their effect on an investment.

Penalty-free closure

Unlike many schemes, there are no fixed investment periods or prohibitive closure penalties with STOCKPLAN. It costs just £11.95 to withdraw some or all of your holding.

Flexible investment