Investment Trusts - ISAs or savings schemes?

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
13 replies 958 views
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  • jamesdjamesd Forumite
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    Hargreaves Lansdown don't offer discounts for regular savings plans into investment trusts in any of their products. There are some S&S ISAs that offer reduced charges for regular share (including investment trust) purchases. Hargreaves Lansdown won't be the cheapest choice if you expect most of your investing to be in shares and investment trusts.
  • StinkyMonkeyStinkyMonkey Forumite
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    Agree with turbobob. A self select ISA will allow you to hold ITs, UTs and OEICs. Selftrade even offers discounts on some initial charges.

    I have to say that Selftrade's website doesn't look nearly as intuitive/functional as the H-L one...Cheerfulcat, would you be able to help me find details of the discounts offered by Selftrade on ITs? Many thanks!
  • cheerfulcatcheerfulcat Forumite
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    Hi, SM,

    Sorry, I should have been clearer. The discounts are on initial charges on unit trusts and OEICs ( details here ) - there are no initial charges on investment trusts; ITs are investment companies and their shares are traded just like those of other listed companies.
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