A simple, transparent stocks and shares ISA from Wesleyan Unit Trust Managers (WUTM), the Unit Trust ISA lets you invest in a range of risk-rated funds, each expertly managed on your behalf.
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.
Bear in mind all investments can go down as well as up, and you may get back less than you put in.
Our Unit Trust ISA allows you to invest your tax-free ISA allowance (£20,000 for 2024/25) in a range of funds managed by WUTM’s award-winning team.
When you invest in our Unit Trust funds, you’re effectively pooling your money with other investors - giving you the collective buying power to invest in things that might be hard to access on your own.
All our funds are invested differently to suit a range of different risk appetites, but typically, you’ll be putting your money into stocks, shares, bonds and other securities.
If those underlying assets perform well, your fund units gain value and your pot grows. Best of all, you won’t pay tax on any potential gains you make.
You can open your account online with a one-off payment (minimum £1,000). Once you have a plan in place you can choose to make regular payments (minimum £50 per month).
You can also explore other ways of opening a Unit Trust ISA by calling 0808 258 4480.
Before you invest, please read our guide to Investing in Unit Trusts (PDF 1.2MB).
When you open your Unit Trust ISA, it’s up to you where your money goes – with up to six managed funds to choose from.
You can simply select the one that best suits your attitude to risk and reward, or you can spread your money across as many different funds as you like. If you change your mind, you’re also able to switch funds at any time.
If you’re not sure what level of risk is right for you, you can book an appointment with a Specialist Financial Adviser from Wesleyan Financial Services. A 3% initial advice charge will apply for advised applications.
You don’t need to be an experienced investor to open a Unit Trust ISA. All our funds are managed on your behalf – and we like to think you’re in good hands.
The Wesleyan Investments team was named Investment Team of the Year at the Insurance Asset Risk Awards 2023.
Like most investments, the Unit Trust ISA is best suited to those who are able to leave money invested for a minimum of five years. That way, your investment has more time to grow and to ride out any dips in the market.
That said, you can take money out of your Unit Trust ISA at any time, with no exit fees at all. We just ask that you always leave at least £500 in the account (unless you’re closing your account, of course).
You can open a Unit Trust ISA online with a lump sum of just £1,000. You can then set up regular payments of £50 per month.
If you want to increase these payments or change the frequency of your investments later down the line, no problem – we don’t charge you for making changes. The minimum increase you can make to your Direct Debit is £10 per fund.
Be aware too that if you’re planning to invest in multiple funds, you’ll need to increase your subscription by £50 for every additional fund.
There are two ways Unit Trust funds can generate returns – capital growth (an increase in the unit value) or income, such as dividends from shares.
When your investment does generate a dividend, you can choose to have it paid out, or re-invested in your account.
Reinvesting can significantly boost your investment returns over time, through a process known as ‘compounding’.
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 with shares.
*Key Investor Information Documents
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%).
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.
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.
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.
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.
Alternatively, call us on 0808 239 0218 or request a call back to speak to a member of our team.
Call us on 0808 258 4480. We're open Monday to Friday, 9am - 5pm.
To make a transfer, you can call us on 0808 258 4480. Alternatively, if you need advice beforehand, you can book an appointment with a Specialist Financial Adviser from Wesleyan Financial Services.
A Unit Trust ISA is a type of stocks and shares ISA, invested in our Unit Trust funds. Unit Trust funds are split into a large number of equal units, and those units are effectively what you’re buying when you pay into your ISA.
The value of the units can then rise or fall depending on the performance of the fund’s underlying assets.
You can take out a Unit Trust ISA if you are a UK resident for tax purposes and aged 18 or over. With no upper age limit on applications, it’s an ISA for all generations of investor.
Each tax year (6th April to 5th April), there’s a certain amount of money you’re allowed to save into ISAs. For the tax year 2024/25 that allowance is £20,000.
Just be aware that tax rules for ISAs can and do change, so the allowance may vary from year to year. Remember too that if you don’t use your full allowance during the tax year, you won’t be able to carry any over.
You can open your account online with a one-off payment (minimum £1,000). Once you have a plan in place, you can set up a monthly subscription (minimum £50 per month). You can top up your account at any time, up to the maximum ISA allowance of £20,000 for the 2024/25 tax year.
For ad-hoc top ups, you’ll need to put in at least £500, or £250 per fund if you’re investing in multiple funds.
If you want to increase a monthly Direct Debit payment, you’ll need to put it up by at least £10.
You can also explore other ways of opening a Unit Trust ISA by calling 0808 258 4480.
Yes, you can transfer an ISA to us from another provider.
If you are opening a new Unit Trust ISA, you will need to transfer a minimum of £1,000. If you are transferring into your existing Unit Trust ISA, the minimum amount is £500.
Additional permitted subscriptions (APS) can give an increased ISA allowance to the surviving spouse or civil partner of a deceased investor.
APS is available with the Unit Trust ISA.
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.
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. We (WUTM) will collect this charge on behalf of Wesleyan Financial Services (WFS) and pay it to them.
However you invest in a Unit Trust ISA, there are some management and dealing costs (circa 1%) 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 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.
The WUTM Unit Trust ISA is a stocks and shares ISA. In total, you can save up to £20,000 in ISAs in the 2024/25 tax year.
To apply for a Unit Trust ISA, you must be a UK resident for tax purposes.
You'll pay no personal income tax or capital gains tax on your investment returns from the Unit Trust ISA. 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 ISA, 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) provided by Wesleyan Financial Services, the appropriate 'B' unit class KIIDs are available through the WUTM Investor Portal.