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Summer is almost over but we still have some special offers to let you enjoy the last of the sunshine – click here for more details.
We have had a busy few months at Alliance Trust Savings with the launch of our international equities trading service. We have been delighted with the response so far, and we asked one of our loyal customers to tell us exactly why he values the service.
I hope you enjoy this issue and if you have any suggestions for future topics please email us at marketingresponses@alliancetrust.co.uk.

Robert Burgess
Chief Executive
Important Information
This newsletter is prepared for general
information only. Please remember the
value of investments and any income from
them can go up or down and you may
not get back the amount you invested.
All investments carry an element of risk,
which may differ significantly, and if you
are unsure as to the suitability of any
particular investments, you should seek
professional financial advice. Foreign
markets will involve different risks than
UK markets, in some cases the risks
will be greater. You should remember
that the amount of tax relief depends
on your individual circumstances and
that the beneficial tax treatment of ISAs
may not continue in the future. Alliance
Trust Savings does not give financial or
investment advice. Information relevant to
2011/12 tax year unless otherwise stated.
This information is based on our understanding of current tax law and HM Revenue & Customs (HMRC) rules. Legislation and tax regulations are not guaranteed and can change at any time. Current tax advantages may change and could be withdrawn; tax rates and reliefs may change and depend on individual circumstances.