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15 February 2010

Investment company ISA special offers

Latest investment company ISA special offers

For more information on investment company ISAs download the AIC ISA factsheet.

With the 5th April fast approaching, the Association of Investment Companies (AIC) has collated the latest ISA special offers from member investment companies.  If you would like more information on investment company ISAs and saving schemes you can download l factsheets from the AIC website.

Annabel Brodie-Smith, Communication Director, AIC said: “With interest rates at a record low, ISA tax allowances are more important than ever. There is now less than two months to go until the end of the tax year, so you need to act now to make the most of the ISA seasonal offers.  Some investment company managers have ongoing offers but some offers have deadlines.

“Investment company ISAs are a tax efficient way for investors to access a diversified portfolio. Investment company ISAs benefit from the features of investment companies – the closed ended structure which allows managers to take a long-term view, the independent board who look after shareholder interests, the ability to gear and generally low internal charges.”

AIC Member investment company ISAs

Provider	Offer	Offer expires	Contact number	Website	Online application facility
Alliance Trust Savings	Buy any investment trust online for fixed fee of £12.50* or £20* using postal service *plus stamp duty	Ongoing	01382 573737	www.alliancetrustsavings.co.uk	Yes
Aberdeen Asset Managers	A lower cost ISA/PEP with no initial, no ad valorem and no brokerage charges, just £24 +VAT a year per person, per ISA account for 15 investment companies.	Ongoing	Brochureline: 0500 00 40 00 Investor Services: 0500 00 00 40	Aberdeen Investment Trust Centre www.invtrusts.co.uk UK trusts: www.dunedinincomegrowth.co.uk www.murray-income.co.uk www.shiresincome.co.uk International: www.murray-intl.co.uk Asia: www.all-asia.co.uk www.edinburghdragon.co.uk www.asian-income.co.uk www.asian-smaller.co.uk www.newdawn-trust.co.uk www.newindia-trust.co.uk www.newthai-trust.co.uk Specialist: www.dunedinsmaller.co.uk www.shiressmallercompanies.co.uk/ Trackers: www.edinburghustracker.co.uk	Yes
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 investment between 1 March and 30 April will receive a £10 Amazon voucher (see website for more details).	Ongoing	0800 027 0133	www.bailliegifford.com/isa	Yes at www.bailliegifford.com/OMS
Caledonia Investments	1. No initial Charge 2. First year's annual administration charges waived for ISAs taken out before 5 April 2010	1.Ongoing 2. Expires 5 April 2010	020 7802 8472	www.caledonia.com	Application available online which then needs to be sent in by post
F&C Asset Management	Choice of 14 investment trusts. Invest for Income, growth or a combination of both. One off annual fee of £60, no matter how many ISA’s you hold with us.	ongoing	0800 136 420	www.fandc.co.uk	Yes, users can invest online. They can also manage their accounts online.
Gartmore Investment Managemen	Initial 3% fee removed from all new investments in ISAit	ongoing	Brokerline Freephone: 0800 212 433 Investor Services: 0800 289 336	www.gartmore.co.uk	Application available online but needs to be sent in by post
JP Morgan Asset Management	Online: 09/10 and/or earlybird 10/11 ISA allowance – 0% initial charge on all lump sum investments in J.P. Morgan investment trusts (0.5% government stamp duty still applies for investment trusts). If investing offline: 09/10 and/or earlybird 10/11 ISA allowance – 0.5% initial charge on all lump sum ISA investments in J.P. Morgan investment trusts until 30 April 2010 (0.5% government stamp duty still applies for investment trusts).	30 April 2010                 30 April 2010	0800 20 40 20	www.jpmorganassetmanagement.co.uk/investor/	Yes
The Scottish Investment Trust PLC The SIT ISA Plan manager: SIT Savings Ltd	No initial or closure plan charge The ISA annual management fee is 0.6% (including VAT) currently capped at £30 + VAT	ongoing	For literature: 0800 42 44 22 For further information: 0131 225 7781 Or email: info@sit.co.uk	www.sit.co.uk	You can download an application pack from the website.
SVM Asset Management Ltd	No initial charge for investments.	Permanent Offer	0800 0199 440	www.svmonline.co.uk	No, however application forms can be downloaded from the website.
Witan	Free Dealing* on ISA Purchases *This offer is subject to our minimum lump sum investment level of £2,000 for new applications and £500 top up for existing ISA holders. Offer applies to postal and telephone dealing only. 0.5% Government Stamp Duty still applies.	5th April 2010	0800 082 8180	www.witanwealthbuilder.com	Yes, but offer not available for online.

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Notes to Editors
The Association of Investment Companies was founded in 1932 to represent the interests of the investment trust industry – the oldest form of collective investment. Today, the AIC represents a broad range of closed ended investment companies, incorporating investment trusts and other closed ended investment companies and VCTs.  The AIC’s members believe that the industry is best served if it is united and speaks with one voice. The AIC’s mission statement is to help Members add value for shareholders over the longer term. The AIC has 347 members and the industry has total assets of approximately £85 billion.

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