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An investment trust for growth?
briley
Posts: 42 Forumite
I feel sort of stupid but I can not find an investment trust that goes for growth and not for income. I've tried using a number of sources to find a list but singularly failed.
I have enough income from shares to use up the new £5,000 allowance so am looking for something with growth to use my CGT allowance instead. I like investment trusts as they are easy to understand.
Anyone able to supply some suggestions?
I have enough income from shares to use up the new £5,000 allowance so am looking for something with growth to use my CGT allowance instead. I like investment trusts as they are easy to understand.
Anyone able to supply some suggestions?
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Comments
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Go to www.trustnet.com. Select Investment Trusts from the top left pull-down menu. Click "search" - 400ITs are listed. Sort by one of the performance data items and research possible candidates forr consistency, diversification etc. Avoid ones with high premiums and be suspicious of ones with unusually high discounts. Depending on your other investments you may want to look for ITs investing broadly and globally.
If you have more than £5K from dividends why not use S&S ISAs.0 -
Hi,
you should look for accumulation units, or pick a good income fund and reinvest the income.0 -
Which sources have you been using thus far?"If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
Bit difficult with an Investment Trust.[Deleted User] wrote:Hi,
you should look for accumulation units, or pick a good income fund and reinvest the income.0 -
[Deleted User] wrote:Hi,
you should look for accumulation units, or pick a good income fund and reinvest the income.
Name one! fj0 -
City of London Investment Trust?0
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Hi,Bit difficult with an Investment Trust.bigfreddiel wrote: »Name one! fj
there seems to be quite a few here on the growth button.0 -
That still generates an income which will be taxable for the OP. The OP wants growth to avoid taxable income.[Deleted User] wrote:Hi,
you should look for accumulation units, or pick a good income fund and reinvest the income.Eco Miser
Saving money for well over half a century0 -
Isnt this the difference between a unit trust and an IT? An IT as a company is surely a tax paying "person" and so whatever it does internally cant result in a tax charge on the share owner. The IT owns the assets it manages and pays any taxes arising. A unit trust isnt taxable in its own right. It holds assets on behalf of the unit holder who is responsible for any tax due.0
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