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Investment & Unit Trusts
Investment Trusts are a sort of collective fund. They are companies that pool in the money of investors and invest in the shares of other companies. A professional fund manager is responsible for managing the capital.
Investment Trusts have been in existence for over 130 years and are popular till today as they provide a low-cost route to the stock market for the average investor. This way, even laymen can invest in the stock market across a wide range of portfolios without having to manage them himself.
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These investments can be managed and held on behalf of your children till they turn 18. However, it is necessary to complete all the paperwork in order to gain tax benefits from this scheme.
Unit Trusts are similar to Investment Trusts. Here too investors money is pooled into a collective fund and then invested in the stock market across a wide portfolio. The funds are managed by a professional and investments can be held on behalf of your children till they are 18. Paperwork must be completed property to gain tax benefits. |
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