With no limits on the amount you can invest, the Unit Trust Investment account from Wesleyan Unit Trust Managers (WUTM) lets you:
- Choose from six, risk-rated investment funds and swap when you want
- Leave award-winning Fund Managers to manage your investment
- View your portfolio online at any time
- Withdraw money, with no exit fees
On this page
Expanding your investment horizons
WUTM’s range of Unit Trust funds allow you to pool your money with other investors to access the kind of assets that might be difficult to buy alone.
If you haven’t yet used your full ISA allowance (£20,000 for the 2024/2025 tax year), you may be able invest in these same funds tax-free through a Unit Trust ISA. But if you’ve maxed out your allowance, you can still invest through our Unit Trust Investment Account.
This is based on current understanding of legislation and tax treatment, which can change in the future.
How to invest in a Unit Trust Investment Account
You can open a Unit Trust Investment Account with a minimum lump-sum payment of £1,000, a monthly subscription of at least £50, or a combination of both.
There's no upper limit on how much you can pay in, but the minimum for a top up is £500. Increases to monthly subscriptions must be by at least £10.
If you own a practice and you want to invest some of your spare business capital, the Unit Trust Investment Account can also be used for commercial investments.
You can apply direct online or, if you want help deciding whether this product is for you, speak to a Specialist Financial Adviser from Wesleyan Financial Services first. Advice charge applies.
Making the most of your investment
Auto-ISA subscriptions
If you want, we can help you make the most of your tax-free ISA allowance each year.
Opt in for auto-ISA subscriptions, and once a year we will automatically transfer the maximum amount possible from your Investment Account to a Unit Trust ISA, protecting it from tax. It’s one less thing for you to think about.
Auto-ISA subscriptions is unavailable online, but you can opt in or out by calling us on 0330 123 3813 (Monday to Friday, 9am to 5pm).
Reinvesting your returns
When your investment generates income or interest, you can choose to have it paid to you directly or reinvested in your account.
Reinvesting can significantly boost your investment returns over time, through a process known as compound growth.
Want to know how your investment is going?
If you have an individual plan, you can log in to the WUTM Investors Portal at any time to check on your portfolio. You can also top up your investment, switch funds, or take money out with just a few simple clicks.
Joint plans can also be viewed online, but to top-up these, switch funds or withdraw money, you’ll need to give us a call on 0330 123 3813 or book an appointment.
Your money, available when you need it
You can withdraw money either on a one-off basis or by taking regular income, without any exit fees (though capital gains tax may apply).
We just ask that you always leave £500 invested, until you close your account.
If you want, we can help you make the most of your tax-free ISA allowance each year.
Opt in for auto-ISA subscriptions, and once a year we will automatically transfer the maximum amount possible from your Investment Account to a Unit Trust ISA, protecting it from tax. It’s one less thing for you to think about.
Auto-ISA subscriptions is unavailable online, but you can opt in or out by calling us on 0330 123 3813 (Monday to Friday, 9am to 5pm).
When your investment generates income or interest, you can choose to have it paid to you directly or reinvested in your account.
Reinvesting can significantly boost your investment returns over time, through a process known as compound growth.
If you have an individual plan, you can log in to the WUTM Investors Portal at any time to check on your portfolio. You can also top up your investment, switch funds, or take money out with just a few simple clicks.
Joint plans can also be viewed online, but to top-up these, switch funds or withdraw money, you’ll need to give us a call on 0330 123 3813 or book an appointment.
You can withdraw money either on a one-off basis or by taking regular income, without any exit fees (though capital gains tax may apply).
We just ask that you always leave £500 invested, until you close your account.
Investment Team of the Year 2023
Wesleyan's Investments Team was named Investment Team of the Year at the Insurance Asset Risk Awards 2023. When you invest with WUTM, you can be confident your money is managed by the same safe hands.
A choice of funds
Through the Unit Trust Investment Account, you can invest in a choice of funds to suit your risk appetite. Our funds are rated on a scale of 1 to 5, where 1 represents the lowest risk (and lower potential returns) and 5 represents the highest risk (but potentially greater returns).
You can simply choose the fund you’re most comfortable with, or you can spread your money across multiple funds. If you change your mind at any point, you can always switch.
Risk Averse Fund
The Risk Averse fund aims to achieve a return by investing in a portfolio largely made up of UK government bonds. These are generally considered to be a relatively safe investment compared to shares.
- Risk rating - 1
- Ongoing Charge Figure (OCF) - 0%
- Read the fund fact sheet
- Read the key investor information document
Low Risk/Reward Growth Fund
This fund invests in a balanced portfolio of mainly UK shares, government and corporate bonds. The portion of the fund allocated to shares within the portfolio will not exceed 40% (typically between 30 and 35%).
- Risk rating - 2
- Ongoing Charge Figure (OCF) - 1.18%
- Read the fund fact sheet
- Read the key investor information document
Moderate Risk/Reward Growth Fund
This fund aims to provide capital growth through the active management of a mixed portfolio of shares, corporate bonds and government bonds. Shares will generally account for more than 50% of the portfolio.
- Risk rating - 3
- Ongoing Charge Figure (OCF) - 1.28%
- Read the fund fact sheet
- Read the key investor information document
Moderate-High Risk/Reward Income Fund
This fund typically contains a mix of investments, including 60 to 85% major-market shares, plus government bonds and higher quality corporate bonds to help counterbalance the investment in shares.
- Risk rating - 4
- Ongoing Charge Figure (OCF) - 1.42%
- Read the fund fact sheet
- Read the key investor information document
UK Growth Fund
This fund invests in companies listed on the UK stock market - providing access to a mixture of nationally focused businesses with global revenue streams. The fund takes a long-term view and expects to hold the core of its portfolio for years rather than months.
- Risk rating - 5
- Ongoing Charge Figure (OCF) - 1.21%
- Read the fund fact sheet
- Read the key investor information document
International Growth Fund
The International Growth Fund invests in global companies. It can invest directly in most major countries across the world, giving it access to a wide variety of sectors and markets, including emerging markets.
- Risk rating - 5
- Ongoing Charge Figure (OCF) - 1.56%
- Read the fund fact sheet
- Read the key investor information documents
What you need to know before investing
When you open your investment account online, you will not receive any investment advice or personal recommendation from us. Therefore, please make sure you read the important information (below), along with the KIIDs (above) for any fund(s) you're considering investing in.
Charges
Where you receive advice from Wesleyan Financial Services, an Initial Advice Charge of 3% is deducted from each payment to pay for providing that advice. WUTM will collect this charge on behalf of Wesleyan Financial Services.
However you apply, management and dealing costs are payable and shown as Ongoing Charge Figures (OCFs). OCFs for each fund can be found in the KIIDs above. If opted into, the Ongoing Advice Service (OAS) provided by Wesleyan Financial Services adds 0.5% to the OCF charge.
Key documents
Before you apply to open a Unit Trust Investment Account, please read the following documents:
- Key Features Document (non-advised applications) (PDF, 310KB)
- Key Features Document (advised applications) (PDF, 336KB))
- Guide to investing in Unit Trusts (PDF, 1.1MB)
- Terms and Conditions (PDF, 426KB)
- Unit Trust Prospectus (PDF, 583KB)
Please also read the latest key investor information document (KIID) for any fund or funds you’re considering investing in.
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.
Got a question about the Unit Trust Investment Account?
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.
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.
If you want advice on how and where to invest, you can book an appointment with a Specialist Financial Adviser from Wesleyan Financial Services.
Important information before you begin
Before applying for your investment account, please make sure you've read the following information and key documents.
Charges
Where you receive advice from Wesleyan Financial Services, an Initial Advice Charge of 3% is deducted from each payment to pay for providing that advice. WUTM will collect this charge on behalf of Wesleyan Financial Services.
However you apply, management and dealing costs are payable and shown as Ongoing Charge Figures (OCFs). If opted into, the Ongoing Advice Service (OAS) provided by Wesleyan Financial Services adds 0.5% 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.
Key documents
Before you apply to open a Unit Trust Investment Account, please read the following documents:
- Key Features Document (non-advised applications) (PDF, 310KB)
- Key Features Document (advised applications) (PDF, 336KB))
- Guide to investing in Unit Trusts (PDF, 1.1MB)
- Terms and Conditions (PDF, 426KB)
- Unit Trust Prospectus (PDF, 583KB)
Please also read the latest key investor information document (KIID) for any fund or funds you’re considering investing in.
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.
When you open your Unit Trust Investment Account online, you will not receive any investment advice or personal recommendation from us. By clicking below to start your application, you're confirming that you have read and understood these documents, and agree to our terms.