Topic
Index funds & ETFs · Explainer
Income units pay a fund's dividends and interest to you in cash; accumulation units reinvest them. Outside an ISA, both are taxed the same way each year, and Budget 2026 raises tax on interest distributions to 24%, 44% and 49% from 6 April 2027.
Investment trusts · Explainer
Investment trusts are listed companies that own a portfolio, so their shares can trade below or above the value of the assets. The AIC says the average discount narrowed from 12.3% to 11.6% over the first six months of 2026. Here is how discounts, gearing, dividends and costs work.
Money market funds · Explainer
Money market funds hold short-term debt and aim to track money market rates, but they are investments, not deposits. From April 2027 a stocks and shares ISA can hold them only as part of a portfolio.
