Fundsmith Equity Fund
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An ISA (Individual Savings Account) is a savings account available to UK residents on which the return is tax-free and which need not be declared on the investor’s tax return. All income (dividends and interest) and all capital gains within the account are free of tax. For the current year, 6 April 2024 to 5 April 2025 the overall investment limit is £20,000 (excluding the British ISA which has a separate £5,000 limit).

 
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The Mail on Sunday - New rules for advisers means that little-known funds will be opened up to smaller investors

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Ever wondered how the ultra-rich invest their money? One way has been for the wealthy to create special companies or portfolios in which they own a substantial stake - but until now most small investors have not been aware that they, too, could profit from these funds.

 

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Richard Dyson


The Mail on Sunday