Income unit trusts
Your options
You may want to consider investing directly into a unit trust if you have already used up your ISA allowance for this tax year. Although unit trusts do not offer the same tax advantages as ISAs, there are no investment limits although you can only invest up to £50,000 online.
Legal & General offers a range of income unit trusts. You can choose from these three:
- Fixed Interest Trust. This invests only in good quality investment grade bonds with an average credit rating or higher, and government securities which are also considered relatively safe. Income is paid to you quarterly.
- Managed Income Trust.This invests largely in good quality investment grade bonds and government securities, which are considered secure investments, but combines this with an element of higher risk investment. Income is paid to you quarterly.
- Managed Monthly Income Trust. This has the same investment profile as the Managed Income Trust. Income is paid to you monthly.
- You can invest with a minimum lump sum of £500 or a regular minimum contribution of £50 per month. If you opt to invest monthly, you will not be able to take an income until you have at least £500 fund value.
- The income unit trust product table clearly lists the management charges for these unit trusts.
- See how each of our income unit trusts has performed for the last five years using the fund performance table.
