UK Income with Growth Trust
The perfect balance, for the best of both worlds
Good for...
Investors looking to receive a regular income, as well as an opportunity to achieve investment growth.
Nothing in life is risk-free, but you should remember this is a different type of investment to a bank or building society account. The value of an investment can go down as well as up and you may get back less than you put in.
“The fund is an ideal mix of shares and bonds. The shares held in this fund are great long term investments such as SABMiller that provide capital growth whilst the bond holdings provide a secure stream of income.”
Neal Foundly, Senior Fund Manager
Fund detail
Launched |
25th September 1989 |
|---|---|
Fund manager profile |
Neal Foundly currently manages the UK Income with Growth Trust alongside institutional portfolio responsibilities which he has carried out for over 20 years. During his time at the Co-operative he has also been a sector analyst covering most of the market sectors. Previous to this Neal worked as a UK Equity Analyst at Sun Alliance in London, for 3 years. Neal has a BA (Hons) in Economics from Leicester University. He is a qualified Associate Member of the Society of Investment Analysts; now CFA, UK. |
Risk profile |
Medium/High |
Fund aims and objectives |
Over time, the fund invests in high quality UK companies and also UK corporate bonds, government bonds and cash to reduce the overall risk to your money. |
You should read the following documents before you invest in any of our funds:
(Documentation will open as a PDF in a new window).
- CIS UK Income with Growth Trust Key Investor Information Document (PDF - 0.2Mb)
- CIS Supplementary Information Document (PDF - 0.3Mb)
Fund facts
Who can invest?
You must be over 18 to invest. This investment can be held jointly by up to four named people.
Investment limits
You can invest:
- a lump sum (minimum £1000)
- regular monthly contributions (minimum £50)
- or a combination of both.
There is no maximum investment limit, but if you wish to invest in a Stocks & Shares ISA, the total ISA allowance is £11,520. If you wish to invest more than this, simply choose to invest part of your investment inside the ‘ISA wrapper’ and the rest outside the ‘ISA wrapper’ in a unit trust.
Flexibility
There is no fixed investment term and you can choose to increase or decrease your monthly payments, as long as you let us know in advance. And you can even take up to two ‘payment holidays’ in a year if you like.
Income
You can receive an income from this investment on a quarterly basis. You can choose to add this income back to the fund for greater capital growth or you can receive a cheque/bank transfer into your account.
Withdrawals
You can make partial withdrawals from your investment but you should remember that making any withdrawals will not only reduce the value of your investment, but also any income you receive from it.
Valuations
We will send you a half-yearly statement to let you know how your investment is performing, or you can request a valuation of your investment at any time by calling us on 08457 46 46 46.
You can also check the daily unit price online.
Latest information
How has UK Income with Growth Trust been performing?
Take a look at the latest fund factsheet:
(Documentation will open as a PDF in a new window).
- UK Income with Growth
fund factsheet (PDF - 0.2Mb)
Fees, charges and taxation
When you invest in UK Income with Growth Trust, as either a unit trust investment, or a Stocks & Shares ISA, we will look after and manage your money, to give it the best chance of achieving your investment goals.
There are charges made for this - which are a percentage of the value of your investment at the time.
Here is a summary of the important information:
| Charge (% of the investment value at the time) | What’s this for | How and when is it deducted? | ||
|---|---|---|---|---|
| Initial charge | If you apply online without receiving financial advice from us. (You may also request a postal application by telephoning us). |
1.5% of your initial investment | The charge for opening a unit trust (or Stocks & Shares ISA) with us. |
One-off charge on ‘day one’ of your investment. You buy units at the buying price and sell them at the selling price. The difference between the two is the initial charge. |
| AND | Annual Management Charge |
1.5% per year | The annual cost of us managing your money and investing it on your behalf. |
Daily, from the income earned on your investment. |
| AND | Additional Management Charge |
About 0.1% per year | For the additional costs of managing the Trust, such as the Trustees fees and audit expenses. |
Once a year, from the income earned on your investment. |
We aim to keep these charges to a minimum and we will notify you if there are any changes to these.
What about tax?
You will find out more information about taxation in our CIS Supplementary Information Document (PDF - 0.3Mb). You should read this before you invest to make sure you understand your tax position and if you need further guidance, you should seek specialist advice.
- If you invest in this Trust through a stocks & shares ISA, you will have no further tax to pay on your investment.
- If you invest in this Trust outside the ‘ISA wrapper’, any income you earn from an investment in this Trust is taxed as an ‘interest distribution’ so you will pay tax on it subject to your personal income tax liability. You may also have to pay capital gains tax when you sell your units. This will depend on whether you have exceeded your annual capital gains tax exemption.
