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Fund Supermarket FAQs

How do I know which funds I can invest in?
A full list of funds that you can invest in through Alliance Trust Savings Accounts are available in our List of Funds.

Why is the Alliance Trust Savings Fund Supermarket different?
Through the Alliance Trust Savings Fund Supermarket, we offer you two unique advantages that make investing in funds with us cheaper and fairer for you:

unlike most other fund supermarkets in the UK, Alliance Trust Savings does not retain any platform fees from fund managers, so you do not pay any extra for the funds being available on our list
we also separate the cost of advice from the cost of investing in the fund, putting control over advisory fees back in your hands. You are free to agree with your own adviser how much you pay for the advice given to you, rather than fund managers paying your adviser on terms that you have no say in

How will rebate payments be made?
Your rebate payments will always be made into an Account that you hold with us in your own name.

However, rebate payments may be made to different Account destinations, depending on the type of Account in which your funds are invested.


Rebate payments for ISAs
In the case of ISAs, UK tax regulations currently treat the rebate as a subscription if it is paid directly into your ISA. To ensure that you can still receive your rebate without difficulty, we will arrange to open a new Investment Dealing Account in your name when your first rebate becomes payable even if you have an existing Investment Dealing Account open with us.

We will not be able to arrange an automatic redirection of your rebate into your ISA. However, if you would like to use your accumulated rebates to make an ISA subscription, you can withdraw the whole or part of your rebate balance from your Investment Dealing Account and transfer it into your ISA. Please remember that any payments of this kind will be counted towards your annual ISA subscription limits for the tax year in which you give them, and so you should ensure that it does not put you over your maximum subscription for that year.

You are free to use your new Investment Dealing Account in any way that you choose:


You may use it to simply receive your rebate payments, and transfer, invest or withdraw your rebate balance as you wish. If you would like to use your rebates to make a payment into your ISA or SIPP, please note that this will be taken into account as an ISA subscription or SIPP contribution
Alternatively, you may elect to use your Investment Dealing Account more actively, for broader investment purposes. You can contribute additional cash or investments to your new Account, and continue to invest in any of our broad range of investments


Rebate payments for all other Account types
For all other Account types – Investment Dealing Account, First Steps Account, Select SIPP and Child SIPP – we will pay your rebates directly into the Deposit Account for the relevant Account in which your funds are invested.

When will rebate payments be made?
Rebate payments for funds you have invested in will be made into your Account after we receive them from the fund manager.

Payments may be made to us at different intervals, depending on the fund manager involved – monthly, quarterly, six monthly, or annually. Details of the frequency of rebate payments made by each fund manager are included in the List of Funds, so you will generally know at what frequencies you should expect to receive your rebates.

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See Also
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pdf List of Funds
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pdf Guide to Funds
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Funds Library
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U.S. Person Definition
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Alliance Trust Savings Limited is registered in Scotland No. SC 98767, registered office, PO Box 164, Meadow House, 64 Reform Street, Dundee DD1 9YP; is authorised and regulated by the Financial Services Authority whose address is 25 The North Colonnade, Canary Wharf, London E14 5HS firm reference number 116115; gives no financial or investment advice.