SIT offers vehicle access with cost-capped Isa launch

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The Scottish Investment Trust is now offering investors access to its portfolio through a cost-cappe...

The Scottish Investment Trust is now offering investors access to its portfolio through a cost-capped Isa in conjunction with its subsidiary SIT Savings. The independent trust is touting the charging structure as "one of the most competitive in the investment trust Isa market". There is no initial plan charge or dealing charge but external expenses, government stamp duty of 0.5% and dealing spread (averaging 0.5% over the past three years) apply. Annual charge is 0.6% of the value of the Isa investment and is currently capped at £30 plus VAT, irrespective of investment growth or the d...

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