Why choose a Unit Trust Investment Account?
The Unit Trust Investment Account from Wesleyan Unit Trust Managers (WUTM) allows you to invest in a range of risk-rated, fully managed funds. It doesn’t have the tax breaks of an ISA, but it doesn’t have the investment limits either - making it an option for investors who’ve already used their ISA allowance.
- Take your pick from six risk-rated investment funds, and swap at any time
- Invest as much as you like, with no maximum limit
- Let award-winning Fund Managers manage your investment
- Withdraw money at any time, with no exit fees
- View your portfolio online at any time
Dealing costs and ongoing charges will apply. If you take advice from a Specialist Financial Adviser from Wesleyan Financial Services, an initial advice charge will also apply.
Keep in mind that the value of your investments can go down as well as up, and you may get back less than you put in.
Investment Team of the Year 2023After winning Responsible Investor of the Year at the Insurance Asset Risk Awards 2022, Wesleyan's investments team was named Investment Team of the Year in 2023. When you invest with WUTM, you can be confident your money is managed by the same safe hands.
A choice of funds...
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
Got a question about the Unit Trust Investment Account?
Call us on 0808 258 4480. We're open Monday to Friday, 9am - 5pm.
Frequently asked questions
What is a Unit Trust?
Unit Trusts are investment funds that allow investment from an unlimited number of investors.
Each fund is split into a large number of equal units, with new units created for every new investment. Those units are effectively what you’re buying when you pay into your Unit Trust Investment Account.
The value of the units (and therefore your investment pot) can then rise or fall depending on the performance of the fund’s underlying assets.
Am I eligible for a Unit Trust Investment Account?
You can take out a Unit Trust Investment Account if you are a UK resident for tax purposes and aged 18 or over. There’s no upper age limit on applications.
You can open an account on your own, or you can open a joint account with a partner. If you want to open a joint account, you’ll need to do this via a Specialist Financial Adviser from Wesleyan Financial Services.
How much can I save in a Unit Trust Investment Account?
You can open your account with a one-off payment of at least £1,000, a monthly subscription of at least £50 per month, or a combination of the two. Thereafter, there’s no upper limit on the amount you can pay in, or how often you can contribute.
Minimum top-ups are £500, and if you’re increasing a monthly payment, you’ll need to put it up by at least £10.
Remember, if you’re paying in less than £20,000 per tax year, your money could be better off in the Unit Trust Investment ISA. That’s why we offer an auto-ISA subscription feeder service, to automatically transfer money from your Investment Account into your ISA until you reach your tax-free allowance.
What funds should I invest in?
If you want advice on how and where to invest, you can book an appointment with a Specialist Financial Adviser from Wesleyan Financial Services.
Just note that if you choose to open a Unit Trust Investment Account with advice, you’ll pay an initial charge (3% of your initial payment).
Things to know before you apply
When you open your investment account online, you will not receive any investment advice or personal recommendation from us. Please therefore make sure you read the important information and key documents below, and any documents presented to you during your application.
When you invest in a Unit Trust Investment Account, there are some management and dealing costs to pay. These costs are shown as Ongoing Charge Figures (OCFs). The latest OCFs for each fund can be found in the Key Investor Information Documents (KIIDs) above.
If you are opted in for the Ongoing Advice Service (OAS) provided by Wesleyan Financial Services, please note an additional 0.5% will be added to the OCF charge.
Tax rules summary
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). You may also need to pay income tax on any interest or dividends distributed by the funds.
This is based on current understanding of legislation and tax treatment, which can change in the future.
Before you apply to open a Unit Trust Investment Account, please read the following documents:
Please also read the latest Key Investor Information Document (KIIDs) for any fund(s) you’re considering investing in. These can be found above.
If you are already investing with us and have opted into the Ongoing Advice Service (OAS), the appropriate 'B' unit class KIIDs are available through the WUTM Investor Portal.