Your unit trust questions.

• It lets you put your money together with other investors’ to buy a wider range of investments than you would be able to achieve on your own.
• You'll be able to invest in one or more of a range of assets like:
  • Cash - The least risky of the four asset classes but the risk is often accompanied by modest returns on investment.
  • Shares/Equities - Shares issued by a company normally listed on a stock exchange. Individuals who buy shares hold a share in that company and are entitled to dividend payments and voting rights.
  • Corporate bonds or fixed interest investments - Are loans to companies. They usually pay an agreed level of interest each year and aim to pay back the capital at the end of a stated period. There are different types of bonds determined by a credit rating system. A 'risky' or 'sub-investment grade' bond has a lower rating than an investment grade bond. The lower the rating, the riskier the bond.
  • Property - Invests in commercial property such as shops, office blocks, retail parks and warehouses.

By spreading your investments you can help reduce risk.

• You can invest an unlimited amount in a unit trust, but you won’t get the tax advantages of an ISA.
• You can invest up to £50,000 online, today.
• Minimum investment - £500 lump sum or £50 monthly.

• You’ll need to be aged 18 or over.
• Unlike an ISA, you can hold a unit trust jointly.
• These investments aren’t available to US residents, this is mainly for UK tax reasons.

• You’re able to have as many as you like.
• You can hold a unit trust in joint names or on behalf of other people.

• Our investment funds are designed as medium to long term investments, ideally five years or more.
• You can withdraw your money from a unit trust with us at any time because there’s no minimum holding period.
• If you do decide to withdraw your investment we won’t charge you for this.
• You can withdraw amounts of £500 or more from your investment at any time, providing you leave £500 in your unit trust.

• It’s income we pay to you six-monthly, quarterly or monthly, depending on which fund you invest in.
• If you choose a fund that pays an income we pay you by BACS
• If you choose funds that reinvest for growth you won’t receive an income because we reinvest this income for growth.
• You can choose whether you reinvest your income for growth, receive an income from your investment or have a mix of both.
• The amount of income paid can fall as well as rise and is not guaranteed.

• Any income earned is reinvested in the investment fund.
• This means that you’re reinvesting your income for growth, so you’ll see the unit or share price increase if the investment fund is doing well.
• You can choose whether you reinvest your income for growth, receive an income from your investment or have a mix of both.

• If you’re looking to invest, you should think about both tax payable by the trust and your personal tax position.
  
• For more information on tax payable by the trust and your personal tax position please look at Section 1 in the Key Information document called ‘What is my UK tax position’.
  
• Tax assumptions are those currently relevant.
  
• Tax law can change and it may affect you.
• Your tax position depends on your personal tax situation and where your money is invested.
  

For advice on your personal tax circumstances, please contact your financial adviser. Or you can visit HM Revenue & Customs at www.hmrc.gov.uk. Your local tax office will also be able to help answer your questions on tax.

Your investment doesn’t automatically close.

• For joint holdings, the trust continues in the name of the survivor(s).
• For single holdings, the personal representative(s) can:

    1) request a full withdrawal and payment to be made to the named beneficiary(ies); or

    2) request a transfer of the holding to the named beneficiary(ies) and continue the investment.

In the event of death, the following three steps will need to be completed:

Notification

You can contact us in a variety of ways:

By phone:

0370 050 0955
8.30am to 6.00pm, Monday to Friday.

We may record and monitor calls. 

Call charges will vary.

By post:

Legal & General Investments 
PO Box 6080
Wolverhampton
WV1 9RB

Documentation

In all cases we will need sight of the Original Death Certificate or Coroner’s Report. We will return the document(s) to you by Recorded Delivery once received.

Estate Value

Depending on the value of the Estate, will depend on what documentation will be required for the final step. We will contact you with further requirements by post.