LawDebenture

Investing the full ISA allowance in Law Debenture annually from 1999 to 2024, a total of £326,560, and reinvesting the dividends would have generated a tax-free pot of £1,207,077 by 31 January 2025. 

Law Debenture CEO Denis Jackson said: "Law Debenture's investment objective is to produce capital growth over the longer term and steadily increasing dividend income. Recognition by the AIC in the form of the ISA Millionaire status is hard won and it underscores our ability to deliver against this objective. We will certainly wear our badge with pride."

Annabel Brodie-Smith, Communications Director of the Association of Investment Companies (AIC), said: “Investment trusts’ long-term approach has delivered strong performance for investors over time. With their permanent capital structure, investment trusts can take a long-term view and are never forced sellers. This makes them particularly suitable for hard-to-sell assets like smaller companies and unquoted companies. 

“History demonstrates the resilience of investment trusts, which have navigated numerous crises including two world wars, the financial crisis, the dotcom boom and bust and the pandemic over more than 155 years. While past performance is no guarantee of future returns, the structure of investment trusts offers a compelling approach for investors seeking to build long-term wealth amidst economic uncertainty.

“Our research shows that 50 investment trusts would have returned more than £1 million for ISA savers who invested their entire allowance each year since 1999 – with four returning more than £2 million. I’d emphasise that it’s vital to spread your risk when investing. A diversified portfolio of investment trusts and other assets which meet your needs is the best way to succeed over the long term. If investors are in doubt about which trust is right for them, it’s important to speak to a financial adviser.”