Skip to main content

ISA homework: AIC publishes table on charges & minimum entry levels

7 March 2017

Information on investment company ISA schemes run by investment company managers.

With the end of tax year now in the home straight, those yet to set up an equity ISA better get studying.  The Association of Investment Companies (AIC) has published information on investment company ISA schemes run by investment company managers to help investors with their ISA homework – including minimum entry levels and charges. 

Annabel Brodie-Smith, Communications Director, Association of Investment Companies (AIC) said: “Investors with a specific investment company in mind, or a range of companies with the same fund management group, may find manager-sponsored ISAs a useful option.  Minimum entry levels are varied and can suit a range of budgets and it’s also worth comparing charges and examining on what basis managers levy the charges – some are a fixed fee, whilst others are on a percentage basis.  Depending on how much you have invested, the charges can make an important difference to your bottom line.  Manager sponsored ISA schemes can represent good value for money, suit a range of budgets and are worth considering when researching ISA options.”

Special offers

Caledonia Investments: New customers taking out a Caledonia ISA before 12 noon on Wednesday 5th April 2017 will have their first year’s administration fees paid by Caledonia Investments plc (a saving of £20 plus VAT).

Fidelity International Prize Draw (not specific to investment companies but across the range):  Invest a lump sum online with us by 31 March and be automatically entered for a chance to win your initial investment back in cash. www.fidelity.co.uk/investor/isa/open-isa-account.page

Investment company ISA schemes

Scheme

Minimum monthly regular savings

Minimum Lump sum

Initial admin charges

Annual charges

Other charges

Other features

Telephone

Aberdeen Asset Managers

£100

£1,000

Nil

£24

Purchase: Nil. Sale: £15. Transfer Out: £35. Switch: £10.

Share exchange facility. Optional dividend reinvestment. Statements issued twice a year. Annual & Interim reports.

0808 500 0040

Alliance Trust Savings

£50

£50

Nil

£18.75 per quarter.

Purchase: £12.50 (online). £40 (phone & post). Sale: £12.50 (online). £40 (phone & post). Transfer Out: £100. Switch: N/a.

Alliance Trust, all other investment companies, UK, AIM/ISDX shares, fixed interest, OEICs, UTs, ETFs, cash deposit & share exchange. Child accounts available. Statements issued twice a year.

01382 573 737

Asset Value Investors

£100

£1,000

£30

0.5% (max £50)

Purchase: Nil. Sale: tel: £15 (min), online: £11.95. Transfer Out: £35. Switch: N/a.

Statements issued twice a year. Share exchange facility.

0845 850 01 81

Baillie Gifford Savings Management

£100

£2,000 (£1,000 per trust)

Nil

£32.50

Purchase: Nil. Sale: £22. Transfer Out: £32.50. Switch: £22 (1st switch in any 12 month period free)

Annual & Interim Reports. Online account management. Statements issued twice a year.

0800 917 2112

BlackRock Investment Management (UK)

£50

£500

Nil

0.5% charged half yearly in March & September

Purchase: 0.75% (max £15). Sale: 0.75% (max £15). Transfer Out: 0.75% (max £15). Switch: 0.75%.

Statements issued twice a year.

0800 44 55 22

Caledonia Investments plc (through The Share Centre)

£10

£10

Nil

£20

Purchase: 0.5% (Min: £1.50 monthly,£15 Lump sum). Sale: 1% (min £15). Transfer Out: £20 Switch: N/a.

Dividend reinvestment. Statements issued twice a year.

08456185 165

F&C Management

£50 per investment company

£500 per investment company

Nil

£60

Purchase: 0.2%. Sale: 0.2%. Transfer Out: £50. Switch: Nil.

Transfer in facility. Online service and online ISA application: www.fandc.com. Statements issued twice a year.

0800 136 420

Fidelity

£50

£1,000 (top up £250)

Nil

£45 max

Purchase: 0.10% Sale: 0.10%. Transfer Out: N/a. Switch: max N/a

Investment trusts available from a range of managers.

0800 4141 10

J.P. Morgan Asset Management

£50

£500 (top up £100)

Nil

0.10%

Purchase: £10. Sale: £10 (N/A for regular savers). Transfer Out: N/a. Switch: N/a.

Investors can't invest directly in Elect Managed Cash. Dividend reinvestment. Statements issued twice a year. Annual & Interim reports.

0800 20 40 20

Law Debenture Corporation plc (through Computershare)

£50

£1,000

Nil

0.4% (min £25, max £200) charged half yearly in January & July.

Purchase: 1% (max £100). Sale: 1% (max £100). Transfer Out: N/a. Switch: N/a.

Dividend reinvestment.

020  7606 5451

M&G Financial Services

£10

£500

Nil

M&G Equity: 0.75% (+perf related fee). M&G High Income: 1.25%

Purchase: Nil. Sale: Nil. Transfer Out: N/a. Switch: N/a.

 

0800 390 390

Scottish Investment Trust plc - The SIT ISA (Plan Manager:SIT Savings)

£50

£500

Nil

0.6% (max £30)

Purchase: Nil. Sale: Nil. Transfer Out: £30. Switch: N/a.

Statements issued twice a year. Dividend reinvestment. Annual & Interim reports. Application forms are available on the website: www.sit.co.uk.

0131 225 7781

Troy Income & Growth Trust plc (through Equiniti)

No minimum

No minimum

Nil

£24 (charged half yearly)

Purchase – Nil

 

Sales - £10

Transfer in facility. Statements issued twice a year.

0345 300 0430

Personal Assets Trust plc

£500

£5,000

Nil

Nil

Transfer out £100

ISA scheme run via Alliance Trust Savings Limited.  PAT will cover annual fee, dealing and dividend re-investment charges, if only PAT held in the account. 

0131 538 6605

Witan Investment Services

£50

£1,000

Nil

£30

Purchase: Nil (£15 lump sum). Sale: £15. Transfer Out: £20. Switch: £15.

Statements issued twice a year. Dividend reinvestment. Annual & Interim reports. For more information visit www.witanwisdom.com/how-to-invest/witan-wisdom/charges

0800 082 81 80

Please note that charges do not include stamp duty or VAT.

-Ends-

Follow us on Twitter @AICPRESS

Notes

  1. Whilst the AIC has made great effort to collate the ISA schemes information and verify its accuracy, it cannot be guaranteed.
  2. The Association of Investment Companies (AIC) 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 344 members and the industry has total assets of approximately £159 billion.
  3. Disclaimer: The information contained in this press release does not constitute investment advice or personal recommendation and it is not an invitation or inducement to engage in investment activity. You should seek independent financial and, if appropriate, legal advice as to the suitability of any investment decision. Past performance is not a guide to future performance.  The value of investment company shares, and the income from them, can fall as well as rise.  You may not get back the full amount invested and, in some cases, nothing at all.

Announcements

View the latest investment company announcements or search the 12 month archive.

View announcements

Bringing VCT investment to life

See how VCT investment has helped dynamic businesses in the UK grow.
 

View company stories

Sign up for AIC email updates

Receive regular updates on the latest investment news and events.

Subscribe now

Case study questionnaire

Would you be willing to be a case study in the press?

Complete our questionnaire

Media enquiries

Annabel Brodie-Smith
Communications Director
Tel: 020 7282 5580
annabel.brodie-smith@theaic.co.uk
@annabelbrodies
@aicpress

Laura Thomas
PR & Marketing Executive
Tel: 020 7282 5551
laura.thomas@theaic.co.uk
@aicpress

Elmley de la Cour
PR & Marketing Executive
Tel: 020 7282 5583
elmley.delacour@theaic.co.uk
@aicpress