Individual Savings Accounts
Witan extend ISA offer
Jennifer Lowe, 22 February 2010
Witan Investment Services is extending its free sharedealing period until 30 April 2010 enabling all investors to take advantage of new ISA limits.
Under current legislation only those aged 50 and over can invest up to £10,200 in a stock and shares ISA. From 6 April this limit will apply to all investors aged 18 and above.
During the offer period Witan Investment Services will waive sharedealing charges, usually levied at 1 per cent, on all new lump sum ISA investments into Witan and Witan Pacific Investment Trusts.
The increased allowance of £10,200 make ISAs a compelling proposition for those looking for a tax efficient means of gaining exposure to equities.
Investors in Witan, the £1.1 billion global growth investment trust and Witan Pacific, the £139 million Asia-Pacific (inc Japan) investment trust, will make savings equating to £102 by taking full advantage of these increased limits during the free share dealing period.
Both Witan and Witan Pacific employ multi-manager structure, an approach that selects best-of-breed managers to offer the potential for consistent long-term returns whilst minimising risk through the use of complementary geographical, sector and stock picking techniques.
Witan Pacific Investment Trust employs the complementary investment strategies of managers Aberdeen Asset Management and Nomura Asset Management aimed at minimising volatility and enhancing overall returns to shareholders against its benchmark.
The Trust invests on a whole of Asia including Japan basis providing a practical solution for investors seeking to outsource asset allocation decisions across all Asian markets.
Investors seeking further information on Witan or Witan Pacific Investment Trusts should call 0800 082 81 80 or visit www.witan.com.
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