Your options

You may want to consider investing directly into a unit trust if you have already used up your ISA allowance for this tax year. Although unit trusts do not offer the same tax advantages as ISAs, there are no investment limits although you can only invest up to £50,000 online.

The three funds in the Legal & General Multi Manager Unit Trust range are:

• Multi Manager Growth Unit Trust: For investors looking for the potential to achieve outright capital growth. The Multi Manager Growth Unit Trust is benchmarked against the IMA Active Managed Sector, currently averaged across 74 similar funds. Any profit is automatically reinvested for maximum long term potential.

• Multi Manager Income Unit Trust: For investors who wish to receive an income. The Multi Manager Income Trust is benchmarked against the IMA Cautious Managed Sector, currently averaged across 99 similar funds. The original capital remains invested for the long term and dividends can be paid to you quarterly.

• Multi Manager Balanced Unit Trust: For investors looking for a balanced mix of investments to provide long term capital growth potential. The Multi Manager Balanced Trust is benchmarked against the IMA Balanced Managed Sector, currently averaged across 138 similar funds.

• You can invest a minimum lump sum of £500 or a regular minimum monthly contribution of £50 per month.
• The Multi Manager unit trusts table clearly lists the management charges excluding performance fee for these unit trusts.