Unit Trusts

These have gained in popularity as it gives the investor the ability to pool their income to invest collectively. This has the benefit of spreading and reducing risk and keeping costs under control.

Unit Trusts allow you to invest in the stock market but enable you to spread your risk and benefit from expert investment management.

The managers of unit trusts can buy and sell within the trust without having to pay any tax; however tax liabilities can arise on dividends and unit sales by the holder. Your Capital Gains tax allowance can currently be used to reduce and minimise the amount of tax you pay.

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