Ways to invest

GIA

General Investment Account

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GBP, USD & EUR portfolios available

A General Investment Account (GIA) invests directly without a tax wrapper. You must be over 18 years of age. The minimum investment for UK residents investing directly, or through an ISA or SIPP is £10,000.

For clients that are not resident in the UK, the minimum investment is £100,000 or the Euro or US Dollar equivalent. For institutional investors such as charities and corporates, the minimum investment is £100,000.

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ISA

Individual Savings Account

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An Investment Savings Account (ISA) allows you to pay no tax on any of the income or capital gains from your investments. The ISA allowance for 2017 / 2018 is £20,000 for Stocks and Shares ISAs.

GBP portfolios available

You must be over 18 years of age, have a UK address and a UK bank/building society account to invest online in any of our portfolios.

You must be a UK resident for tax purposes.

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SIPP

Self invested personal pension via Hubwise Securities Ltd

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A Self-invested Personal Pension (SIPP) is a type of pension introduced in 1989 and was designed for people who wanted an alternative to company-sponsored pensions. They offer tax-benefits with the UK Government giving a 20% basic tax relief.

Ordinarily, the amount you can personally contribute into your SIPP each tax year is £40,000; but your employer can also contribute into your SIPP.

You can also ‘carry forward’ unused allowances from the previous three years.  To understand how this works and the calculations used, please read our SIPP Key Features Document here

SIPP cost

There is no initial fee. The maximum annual charge is £50+VAT. The ongoing fee is 0.1%+VAT subject to a minimum annual charge of £15+VAT.  There are no additional charges for transfers in and the fee for transfers out will not exceed the previous year’s fee. An additional fee of £125 +VAT applies to any SIPP that is in drawdown. Other fees for work in relation to commercial property, divorce & death, for example, are available on request and will be quoted to you before any work is carried out. Please note there will additional fees for holdings, please see latest factsheets – Link

GBP portfolios available

You must be over 18 years of age, have a UK address and a UK bank/building society account to invest on-line in any of our portfolios.

You must be a UK resident for tax purposes.

If you have a SIPP with another provider and wish to transfer / invest with SCM Direct, please contact us at enquiries@scmdirect.com.

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If you are a family office, charity or institutional investor,
please contact us directly

Frequently Asked Questions

How much does a SIPP cost with SCM Direct?

There is no initial fee. The ongoing fee is 0.1%+VAT subject to a minimum annual charge of £15+VAT and a maximum annual charge of £50+VAT. Ongoing fees are calculated using BPS (Basis points) where 100 BPS is the equivalent to 1%. There are no additional charges for transfers in and the fee for transfers out will not exceed the previous year’s fee. An additional fee of £125 +VAT applies to any SIPP that is in drawdown. Other fees for work in relation to for commercial property, divorce & death for example are available on request and will be quoted to you before any work is carried out. Please note there will additional fees for holdings on the SCM Direct platform. Details can be found on scmdirect.wpengine.com.

Will I have an electronic record of any correspondence or documents that I have previously received?

Yes.

Within the website you will have the ability to view and print electronic copies of correspondence we have sent you.

These can be located via your existing log in under the ‘Documents’ Section.

Which ETF providers do you use to invest?

SCM Direct only invest in UCITS IV ETFs for its GBP portfolios.

In all portfolios, we NEVER invest in any ETF that is either leveraged (i.e. which aim to magnify the movements in markets through borrowing) or inverse/short ETFs (that aim to make money when the benchmark being tracked falls in value).

SCM Direct is not biased towards any one ETF provider. We seek out ‘best of breed’ for all the ETFs we select for our portfolios.

When instructing to withdraw a cash amount, can I choose which specific ETFs to sell?

No. We will sell the various holdings within your portfolio pro-rata in order to ensure that your remaining portfolio follows the strategy and asset allocation of the particular portfolio in which you are invested.

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