Unit Trusts / OEICs
These are both types of collective investment schemes which again are simply savings plans into which you can either make a lump sum contribution or a regular contribution. They are also known as pooled investments because you effectively pool your money with other investors so that that pooled fund can be used to buy a large portfolio of investments helping to spread your risk. Again, the choice of investment is very wide and there is no monetary limit. They are usually therefore suitable for most investors particularly for those who have already used up their Individual Savings Account allowance. The taxation of the investment will depend on the investment type and the individual investor but there are tax planning opportunities.
PLEASE NOTE RONNIE B MORTGAGES GIVES NO ADVICE IN CONNECTION WITH
INVESTMENTS