RLUM ISA fund details
No matter what kind of investor you are, we offer a range of funds to suit you.
But you should remember that an ISA is a different type of investment to a bank or building society savings account. The value of an investment can go down as well as up and you may get back less than you put in.
Making or changing an investment is an important decision. If you feel you need advice you should speak to a financial adviser. Our Find a financial adviser tool can help you find a financial advisor in your area.
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Fund performance definitions
- Ongoing charges - These charges cover the costs of managing the Trust. These include the annual Management Charge, Trustee's fees and expenses and audit fees but excludes portfolio transaction costs. You can find details of all charges in the Key Investor Information Documents (KIIDs) and Costs & Charges Disclosure Documents (CCDDs).
- Transactional charges - These are costs we have to pay when buying and selling underlying investments.
For individual fund factsheets please see table above.
To view the Costs and Charges Disclosure Document and to view the KIID please visit:
Who can invest
You must be over 18 to invest.
Up to four named people can collectively hold a unit trust.
Only one person can hold a Stocks & Shares ISA.
ISAs are only open to people who have already invested in an RLUM ISA.
We're not accepting any new investors into our ISA. But you can still open a new unit trust with us.
- invest a lump sum (minimum £1,000)
- make regular monthly contributions (minimum £50)
- or a combination of both.
There is no maximum investment limit in a unit trust.
If you're an existing customer, you can still top up your investment. See the Topping up your investment section.
Topping up your investment
You can top up with:
- a lump sum (minimum £500)
- regular monthly contributions (minimum £25)
There's no maximum investment limit in a unit trust. If you want to invest in a unit trust through an ISA, the most you can invest is £20,000.
Don't forget that any cash ISA and / or innovative finance ISA and / or lifetime ISA investment you make in this tax year counts towards your overall ISA allowance limit.
There's no fixed investment term and you can choose to increase or decrease your monthly payments.
You can even take up to two 'payment holidays' in a year if you like. You'll need to let us know in advance if you'd like to do this and the minimum monthly payment must be at least £50.
You can make partial withdrawals from your investment. But you should remember that making any withdrawals will reduce the value of your investment and any income you receive from it. You can withdraw all of your money at any time.
Please remember that if you withdraw your full ISA allowance in the same tax year that you opened it, you won't have another ISA allowance until the following tax year.
The minimum withdrawal is £250.
We'll send you a half-yearly statement to let you know how your investment is performing. You can also ask for a valuation of your investment at any time by calling us on 0345 605 7777.
You can check the daily unit price online using the fund performance table for your funds.
If you invest in a unit trust through a stocks & shares ISA, you won't have to pay any further tax on this investment.
You'll have to pay personal income tax on any income you earn from an investment, other than a Stocks & Shares ISA. You may also have to pay capital gains tax when you sell your units. This depends on whether you've gone over your annual capital gains tax exemption.
Annual Management Charge
Our annual management charge is 1.25% for all Trusts, except for the Corporate Bond Monthly Income Trust where it's 0.75%. We aim to keep our charges to a minimum and will let you know about any changes.
As well as the Annual Management Charge, we make ongoing charges for the additional costs of managing the Trust. These include the Trustee's fees and expenses and audit fees but excludes portfolio transaction costs.
You can find details of all charges in the Key Investor Information Documents (KIIDs) and Costs & Charges Disclosure Documents (CCDDs).
These are costs we have to pay when buying and selling underlying investments.
An illustration of the effect of the charges on the funds can be found in the Costs & Charges Disclosure Document for each fund.