Alliance Trust Savings is a British investment trust founded in 1986. It has more than 110,000 customers who can choose from more than 4,000 investment options. However, Alliance Trust Savings does not give advice.
Alliance Trust Savings is a British investment trust founded in 1986. It has more than 110,000 customers who can choose from more than 4,000 investment options. However, Alliance Trust Savings does not give advice.
Alliance Trust Savings is a British investment trust founded in 1986. It has more than 110,000 customers who can choose from more than 4,000 investment options. However, Alliance Trust Savings does not give advice.
Alliance Trust Savings sold its savings arm to Interactive for £40m in October 2018.
Alliance Trust Savings has a range of investment account options available.
The investment dealing account, or IDA, allows customers to invest as much as they like into as many IDAs as they want to open. Money is accessible at any time and if preferred, customers can have another named account holder or open an IDA as a company.
Alliance Trust also offers a Stocks and Shares ISA, where customers can invest up to £20,000 that could grow over time – with the money sheltered from taxation. Money held in an ISA can be accessed at any time.
Alliance Trust charges flat account fees, so even if your investment grows, you’ll still pay the same rate.
A Self Invested Personal Pension can help people think ahead to retirement, topping up their state pension with money they invest themselves. This money can then be accessed after a customer turns 55. If the customer passes away before that age, family members can inherit the money.
For an account that helps save for a child, Alliance Savings Trust offers a trio of options: a junior ISA, a child SIPP and a First Steps IDA. Of these, the ISA and SIPP are tax efficient but have limits on what can be paid in; the IDA is limitless but not as efficient when it comes to taxation. The SIPP also requires a level of knowledge and expertise, and the account holder (or the child, if they are over 18) should keep an eye on it. Money cannot be taken out of the SIPP until the child reaches 55.
Alliance Trust Savings is authorised by the Prudential Regulation Authority (PRA) and regulated by the PRA and the Financial Conduct Authority (FCA). Deposits of up to £85,000 are covered by the Financial Services Compensation Scheme (FSCS).
PO Box 164
8 West Marketgait
Dundee
DD1 9YP
Telephone: 01382 573737
Email: [email protected]
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