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Scottish Mortgage Trust ISA

Review the Scottish Mortgage Trust Fund For Your 2020-21 ISA
Selected ISAs

Scottish Investment Trust

from Baillie Gifford

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Scottish Mortgage is a low-cost equity fund which invests on a global basis. Stocks are carefully selected for their strong growth prospects.
  • Invest From: £50 pm
  • Investment Options: Scottish Mortgage is an actively managed, low-cost investment trust, investing in a high conviction global portfolio of companies with the aim of maximising its total return over the long term.

About this fund: Scottish Mortgage is a low-cost equity fund which invests on a global basis. Stocks are carefully selected for their strong growth prospects. The trust aims to outperform world stock market indices over a five year rolling period.

The trust has a long term investment horizon and invests with real patience. The portfolio is driven by corporate attraction rather than index construction. The managers see themselves as owners of companies rather than renters of stocks.

The resolutely global approach taken by the trust is reflected in the current investment themes such as the speed of technological advances and how they can disrupt established business practices, and the re-emergence of China as an economic superpower.

As at 31 March 2020, Scottish Mortgage had total net assets of £8.2 billion, making it one of the UK's largest investment trusts.

*Dividend yield as at 31/5/2020

This fund is available via: Hargreaves Lansdown investment platform

Important information: Please remember the value of your investment and any income from it may fall as well as rise and is not guaranteed. You may get back less than you invest.

Scottish Mortgage Trust ISA

Scottish Mortgage Trust is a low-cost investment trust fund which invests on a global basis investing predominantly in equities with stocks carefully selected for their strong growth prospects. The trust aims to outperform world stock market indices over a five year rolling period.

How To Invest In the Scottish Mortgage Trust Stocks & Shares ISA

Savers can invest either a one of deposit or make monthly instalments into the ISA and use the money to invest in the SMT fund.

You can access Scottish Mortgage Trust via a range of platforms including Hargreaves Lansdown, Interactive Investor, AJ Bell and Fidelity.

ISA Guide

In order to be eligible for a UK ISA you need to be:

  • Aged 16 or over for a cash ISA.
  • Aged 18 or over for a stocks and shares ISA.
  • A resident of the United Kingdom.
  • If you don’t live in the UK then you need to be a Crown Servant or their spouse/civil partner.
  • You can open a Junior ISA for someone under 18 who you have parental responsibility for.

Types of ISA

There are two distinct types of ISA available: Cash ISAs and Stocks & Shares ISAs, which are considerable different from one another. ISA rules allow each eligible person to open up to one of each type of ISA each tax year, however if you do so you will need to break up your ISA allowance between the two accounts so as not to exceed it.

  • Cash ISAs – Are a type of savings account. The interest that accrues on your saving however is paid tax-free up to your maximum allowance. Providers may offer different kinds of Cash ISA plans depending on how easily you would like to be able to access your cash to make withdrawals, generally speaking plans that offer more restricted access to your savings during their term also offer better rates of interests:
  • Stocks & Shares ISAs – Are a kind of investment account that offers a tax-efficient wrapper for your money, you can use this kind of account to invest in various capital at risk products. Some Stocks & Shares ISAs are known as ‘self-select’ as they let you directly choose what stocks you invest in, other kinds of Stocks & Shares ISAs give you a selection of managed funds to pick from based on your attitude towards risk. Up to you maximum allowance you do not have to pay any Capital Gains Tax or Income Tax on profits made from the increase in value of your investments, you will still however be taxed on dividends. It is important to remember with these kinds of products that you may get back less money than you originally put in if the value of your investments decreases.

ISA Transfers

You can transfer ISAs to other providers or to another ISA with the same provider. However you may be charged an interest based penalty for doing so. 

Important Risk Information:

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.

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Latest News

Investment ISA Pros and Cons

7th August 2020

The tax-free returns offered by an Investment ISA (otherwise known as a Stocks and Shares ISA) can be very tempting at first glance - however, as with any investment, it is important to weigh up the pros and cons. So we've put together a list of what you need to consider before opening your own Stocks and Shares ISA account. 

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