Unit Trust Products

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 income distributed by the funds.

This account can be used as a feeder to your ISA, with the option of transferring an amount up to the maximum ISA allowance automatically each tax year.

An initial charge of up to 3% of your contribution will apply, which currently covers the cost of the advice you receive. Ongoing charges vary by fund, by whether you opt into the Ongoing Advice Service, and by time.

The Ongoing Charge Figure (OCF) found on fund Key Investor Information Documents (KIIDs) provides the most up to date information. KIIDs can be found on the Fund Prices section of our website.

For more information, contact your Wesleyan Financial Services Consultant, who can talk you through the key features of this product.

This is a Stocks and Shares ISA that allows you to invest in a tax-efficient way. There is no personal liability to pay tax on income or capital gains in the ISA and you don’t need to declare the income or gains on your tax return.

Maximum investment: For the 2020/21 tax year, the allowance for ISAs is £20,000. You can put up to this amount into a Cash ISA, Stocks and Shares ISA, Lifetime ISA or Innovative Finance ISA, or a combination of all four. Each individual has an ISA allowance, so if you are married or in a civil partnership, both you and your partner can make use of this tax-efficient way of investing.

Withdrawals: You are able to withdraw your investment, either by means of regular withdrawals, or on a one-off basis at any time.

Tax: Utilising your tax free ISA allowance is a must when investing to prevent tax from unnecessarily eating in to your potential returns.

An initial charge of up to 3% of your contribution will apply, which currently covers the cost of the advice you receive. Ongoing charges vary by fund, by whether you opt into the Ongoing Advice Service, and by time.

The Ongoing Charge Figure (OCF) found on fund Key Investor Information Documents (KIIDs) provides the most up to date information. KIIDs can be found on the Fund Prices section of our website.

For more information, contact your Wesleyan Financial Services Consultant, who can talk you through the key features of this product.

This is a version of the ISA designed for savings on behalf of children up to the age of 18. It is opened and managed by a 'registered contact' (usually a parent or guardian) until the child reaches the age of 18, when ownership will pass directly to the child and the account becomes an adult ISA. The child is able to start managing their account from the age of 16.

Maximum investment: Anyone can contribute to the Unit Trust Junior ISA, up an annual limit - £9,000 for the 2020/21 tax year. The limit is per account and parents, friends and family are able to contribute to your child's future up to this limit.

Withdrawals: Junior ISA rules do not normally allow withdrawals until the child reaches 18, although it is possible to transfer to another provider.

Tax: Utilising the tax free Junior ISA allowance is a useful way of preventing tax from unnecessarily eating into your child’s savings.

An initial charge of up to 3% of your contribution will apply, which currently covers the cost of the advice you receive. Ongoing charges vary by fund, by whether you opt into the Ongoing Advice Service, and by time.

The Ongoing Charge Figure (OCF) found on fund Key Investor Information Documents (KIIDs) provides the most up to date information. KIIDs can be found on the Fund Prices section of our website.

For more information, contact your Wesleyan Financial Services Consultant, who can talk you through the key features of this product.

With Wesleyan Unit Trust Managers you can invest into six professionally managed funds that invest in a mix of assets, appropriate to different risk levels:

• Risk Averse Fund
• Low Risk/Reward Growth Fund
• Moderate Risk/Reward Growth Fund
• Moderate - High Risk/Reward Income Fund
• UK Growth Fund
• International Growth Fund

Our unit trust funds are managed by Wesleyan’s professional Fund Managers.

For more information on individual funds, including applicable charges, please visit our Fund Prices and Performance Centre.