A unit trust is simply a pool of individual investors' money, which buys a spread of investments.
The trust is then divided into units. The number of units you buy represents your share of the trust.
You may want to consider investing directly into a unit trust if you have already used up your ISA allowance for this tax year. You can make a single investment or make regular payments.
Unit trusts are not tax free and there is no limit to the amount you can put in
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