This is an investment product for people who want to invest a one off or regular amount in our range of Unit Trust Funds outside of the tax efficient ISA wrapper, perhaps because they have used up their ISA allowance.
Maximum investment: There is no maximum limit on the size of the investment that you make to the product, and you can add to your investment at any time.
Withdrawals: You are able to withdraw your investment, either by means of regular withdrawals, or on a one-off basis at any time.
Tax: Investments in the Unit Trust Investment Account may be subject to Capital Gains Tax when money is taken out (including to pay for the costs of advice), and to Income Tax on any interest or dividends distributed by the funds.
It is also possible to use this account as a feeder to your ISA, with an amount up to the maximum ISA allowance automatically transferred each tax year.
For more information, contact your Wesleyan Financial Consultant, who can talk you through the key features of this product.