General investments are investments without any special tax advantages. Because of this, you would usually only make a general investment if you've already used up your full ISA allowance (£20,000 for 2019/20).
Key things to know about general investments are:
|Tax benefits||They do not have the tax benefits of ISAs and you may have to pay tax on investment income and gains|
|Putting money in||There is no upper limit on the amount you can invest in a general investment|
|Getting money out||The money can be withdrawn at any time, although they are generally used for longer term investment (more than 5 years).|
|Risk and return||Investments will probably provide higher returns than cash savings in the long term, but there is a risk that you get back less than you put in. Our risk/return explorer can help work out if investing is for you.|
|Minimum investment||The minimum investment is £100 or a monthly amount of £50 by direct debit or £50 via payroll.|
For more details, see Part 3 "Key features of investment funds" of the Cofunds key information document.
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