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Unit Trusts.
A unit trust reduces your risk of investing in the stock market by pooling your savings with thousands of others, and then spreading the money across a wide range of shares or other types of investment.
Unit trusts are also cost effective, charging a fraction of what it would cost you to invest in a broad basket of shares by yourself.
The beauty of unit trusts is that professional fund managers are employed to look after your money.
Whatever your objective, income now, income later, a growing income, building up a sizable investment, a suitable unit trust can be found.
There will be a unit trust to meet your risk profile.
Income from unit trusts is liable to income tax and capital gains are potentially liable to capital gains tax if personal allowances and reliefs are exceeded.
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