Invest in a flexible choice of six managed funds, each suited to a different level of risk.
- Save up to £20,000 in the 2024/2025 tax year
- Pay no income tax or capital gains tax on your investment returns
- Leave your investment in the hands of award-winning Fund Managers
- View your investment online at any time
On this page
Opening the world of investing to you
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 an award-winning investments 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.
* This is based on current understanding of legislation and tax treatment, which can change in the future.
Choose your funds, we'll do the rest
When you open your Unit Trust ISA, you can choose from up to six funds.
Picking a fund
Simply select a fund that best suits your appetite for risk and reward, or spread your money across as many as you like. If you change your mind, you can switch funds at any time.
Managed on your behalf
Little or no experience with investing? No problem, 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.
Advice if you need it
Unsure of the level of risk that's right for you? A Specialist Financial Adviser from Wesleyan Financial Services can help you decide. Book an appointment for financial advice tailored to your needs. An initial advice charge applies for advised applications.
A flexible way to invest
You can open a Unit Trust ISA 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.
For further details, please read the Key Features Document.
You can explore other ways of opening a Unit Trust ISA by calling 0808 258 4480.
Making the most of your investment
Looking longer term
Like most investments, the Unit Trust ISA is best suited to those who can leave money invested for a minimum of five years. That way, your investment has more time to potentially grow and 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, unless closing your account, you always leave at least £500 invested.
Potential for growth through re-invested returns
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’.
Like most investments, the Unit Trust ISA is best suited to those who can leave money invested for a minimum of five years. That way, your investment has more time to potentially grow and 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, unless closing your account, you always leave at least £500 invested.
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’.
A choice of funds
With a Unit Trust ISA, 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 the greatest returns).
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 Unit Trust ISA online, you will not receive any investment advice or personal recommendation from us.
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 (around 1%) 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 ISA, please read the following documents:
- Key Features Document (non-advised applications) (PDF, 2MB)
- Key Features Document (advised applications) (PDF, 6.2MB)
- Unit Trust Prospectus (PDF, 583KB)
- Guide to investing in Unit Trusts (PDF, 1.1MB)
- Terms and Conditions (PDF, 426KB)
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 ISA?
Want to transfer in from an existing ISA?
Frequently asked questions
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.
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.
Important information before you begin...
Before you start your application, please make sure you've read the following information and 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 (around 1%) 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.
ISA and tax rules summary
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.
Key documents
Before you apply to open a Unit Trust ISA, please read the following documents:
- Key Features Document (non-advised applications) (PDF, 2MB)
- Key Features Document (advised applications) (PDF, 6.2MB)
- Unit Trust Prospectus (PDF, 583KB)
- Guide to investing in Unit Trusts (PDF, 1.1MB)
- Terms and Conditions (PDF, 426KB)
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 ISA 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.