Investment Trusts

Andrew4444

I see. Thanks for example.

Loughton_Monkey

jimjames wrote: »

Its not a huge difference but for the ISA
minimum monthly investment - £100

• minimum lump sum investment - £1,000
• low annual charge of £24 (plus VAT) per annum, regardless of how many Aberdeen Investment Trust ISAs you hold.
• £15 exit fee per sale

Don't know how they avoid Stamp Duty within ISA, but if so, then this would be perfect for OP. Especially as no initial dealing charge. But I suppose he is restricted to Aberdeen IT's?

The normal wisdom, I think, is that IT's don't fit monthly payments because of the buying flat charge. But that could be avoided, I guess, in a mixed ISA by putting the monthly amount into funds, and then once a year, or so, liquidate the funds and shove whole lot into an IT.

jimjames

Loughton_Monkey wrote: »

Don't know how they avoid Stamp Duty within ISA, but if so, then this would be perfect for OP. Especially as no initial dealing charge. But I suppose he is restricted to Aberdeen IT's?

The normal wisdom, I think, is that IT's don't fit monthly payments because of the buying flat charge. But that could be avoided, I guess, in a mixed ISA by putting the monthly amount into funds, and then once a year, or so, liquidate the funds and shove whole lot into an IT.

Not sure why it wasn't listed in the bit I quoted but according to their brochure the ISA is still liable for stamp duty.

With the Aberdeen plan in particular it is ideal for monthly savings as the buying charges are so low - only stamp duty - whereas one like HL would charge £10 per purchase plus stamp duty so not really viable for smaller amounts.