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Unit Trusts

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Jill was excellent with her advice and we would recommend her to anyone who needed help with their pension.

– T Last.

24/10/2009

Unit Trusts and Open Ended Investment Companies (OEICS) invest in a similar way to the Equity ISA element but do not have the same tax advantages.

A Unit Trust or OEIC can provide a wide range of holdings in different units or shares, thus offering much more security than would be available from buying shares direct. Professional investment management provides two further benefits: specialist expertise that should provide better performance and a reduction in the administrative burden of looking after individual holdings.

Growth within these contracts is taxed and any income received is also taxed. Higher rate tax payers will have a liability for further tax even if the distribution is retained within the contract. Encashment can lead to a Capital Gain Tax liability in certain circumstances.

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Alan Boswell Insurance Brokers Limited, Alan Boswell Insurance Services Limited and Alan Boswell & Company Limited are authorised and regulated by the Financial Services Authority. The Registered Office for all companies is: Harbour House, 126 Thorpe Road, Norwich, Norfolk, NR1 1UL. Registered in England No. 02591252, 03532804 and 04379208.