AIC publishes this year’s offers on investment trusts for Isa season

19th February 2013

The Association of Investment Companies (AIC) has published a list of this year’s ISA offers from investment companies and their managers and listed them below.

First AIC communications director Annabel Brodie-Smith makes the case. She says: “With the end of the tax year approaching it’s time for investors who intend to use their ISA allowance to research their options. Investors are more aware than ever before of the impact charges can have on investment returns.  ISA wrapper charges can vary a great deal and it’s well worth considering them.  Whilst charges are only one of a number of considerations when choosing an investment company, we’re very pleased to be able to publish ISA offerings from a third of our investment company members.

“Investment companies are a useful way to tap into the long-term potential of the stock market.  With an independent board of directors to look after shareholder interests, strong long-term performance, the freedom to gear to enhance returns, and a range of sectors and risk profiles to choose from, they are worth considering for this year’s ISA.”

It is certainly worth considering such offers as they can make a difference to returns over time. Of course, a discount shouldn’t be your sole rationale for investing, but it doesn’t hurt getting money off the cost of investing.


Provider Offer Offer Expires Contact Number Website Online Application Facility (yes/no)
Aberdeen AssetManagement PurchasesNIL plus 0.5% government stamp duty On-going offer 0500 00 40 00 Yes
Aberdeen Asset Management (Via interactive Investor) Charges: £10 online flat and £10 telephone flat On-going offer Yes
AVI ISA for British Empire Annual Fee capped at £50 0845 850 0181 No
Baillie Gifford No initial charge or dealing commission.  Minimum investment of £100 per month.Flat rate management fee of £32.50 (+VAT) per year regardless of how many ISAs held.Any new ISA opened between 1 March and 30 April will receive a £10 Amazon Gift Card (see website for more details). No expiry 0800 917 2112 Yes,
Caledonia Investments plc There will be no quarterly administration fee for new investors until 5 April 2014, a saving of £20 plus VAT. 1. New      Investors only2. Expires at 12 noon on 5 April 2013 08456 185 165 Application form available online which then needs to be sent by post quoting reference ‘OFFER 101187’
Fidelity 0% initial charge On-going Mon to Sat 9am – 6pm 0808 252 8470 No
Invesco Perpetual 2% discount on the 5% entry charge for all new ISA investments and ISA transfers*. This includes ISA monthly savings. 8pm, Friday 5 April 2013 0800 917 7581 No
J.P. Morgan Asset Management Invest in a J.P. Morgan ISA before 30th April and we’ll donate £15 to WaterAid*.(*J.P. Morgan will donate up to a total of £15,000)Zero initial transaction charge, annual charge is 0.25% (min: £2, max: £10 pcm) 30th April 0800 20 40 20 Yes
The New City Investment Managers Individual Savings Plan (“NCIM ISA”) provided by Halifax Share Dealing Limited The NCIM ISA provides a tax-efficient way of investing in the ordinary shares of City Natural Resources High Yield Trust plc and New City High Yield Fund Limited without incurring any initial or annual plan charges for doing so. On- going Toni Wall0207 201 5369 -plans.php No.Forms available on the website
Personal Assets Trust Zero charge 0131 538 6605 No
The Scottish Investment Trust PLCThe SIT ISAPlan manager:SIT Savings Ltd  No initial or closure plan chargeThe ISA annual management fee is 0.6% (including VAT) currently capped at £30 + VAT No limited period For literature:0800 42 44 22For furtherinformation:0131 225 7781 

Or email: You can download an application pack from the website.
Standard Life Savings There is no entry, exit or annual management wrapper charges for the following trusts:Standard Life Equity Income Trust plc2. Standard Life UK Smaller Companies Trust plc
3. Standard Life European Private Equity Trust plc
4. Standard Life Investments Property Income Trust Limited
On-going 0845 60 24247 You can download an application for an ISA or a savings plan
Witan Investment Services Free ISA dealing on all lump sum postal and telephone dealing. The usual dealing charge is 1%. This offer is subject to a minimum of £2,000 for new accounts and £1,000 for existing investors who wish to top up. 30th April 0800 082 8180 Yes (although offer only applies to postal and telephone dealing).

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