Investments are simply a way of using your money to try and make more money, and there are a number of different ways to do this. It's crucial to remember that any investment and any income provided by it, can rise and fall in value and it is not guaranteed, so there is a risk that you may get back less than you originally have paid.
What is an ISA?
ISA stands for 'Individual Savings Account'. It's a kind of account that allows you to save money without having to pay any further tax on your returns.
Stocks & Shares ISAs invest in unit trust funds across a range of 'assets' such as shares, bonds and property. Where as Cash ISAs are cash deposit savings offering variable or fixed rates of interest.
What is a Unit Trust?
A unit trust is a collective investment where a large number of investors pool their money together. These funds are then used to invest in assets such as property, bonds and shares with the aim of making investment profits from capital growth, interest and dividend income. Each unit trust is divided into a number of equal-sized units, which can be purchased by investors at the buying price and sold back to the fund at the selling price. Unit trusts can be held within a stocks and shares ISA or on their own.
What ever your choice, we're here to help...