Low ISA charges have long term benefits for SIT ISA investors
Released on = March 9, 2006, 5:33 am
Press Release Author = Michael Hanna
Industry = Financial
Press Release Summary = The Scottish Investment Trust PLC (SIT) is offering ISA investors the opportunity to invest in a broadly-spread portfolio of global equities with one of the most competitive charging structures in the investment trust ISA market.
Press Release Body =
SIT is one of the few providers with a capped ISA pricing structure for the benefit of investors. The SIT ISA boasts no initial charge (there is no initial plan charge or dealing charge; external expenses, government stamp duty of 0.5% and dealing spread which has averaged 0.9% over the last 3 years, apply) and the annual charge is only 0.6% which is capped at £30 + VAT, no matter how much the investment grows or how many years' ISA allowances are invested with SIT. The 0.6% charge benefits small investors who, for example, would only pay £6 for an investment valued at £1,000 while the £30 + VAT cap favours those with an investment valued at £7,000. Investors often overlook the effect of high charges on returns but those with large ISA investments can make sizeable savings by choosing their ISA provider carefully.
The SIT ISA provides a very cost effective entry into The Scottish Investment Trust's professionally managed portfolio of global equities. The diversity of SIT's investments means that risk is spread over numerous companies, sectors and countries, while allowing a wide search for Web Site = http://www.sit.co.uk
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