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INDIVIDUAL INVESTING
UNIT TRUSTS FREE SAVINGS Account Free Savings Account Application Form
1. BEFORE YOU INVEST
Tax free savings can be made into bank accounts, unit trusts, stockbroker accounts,
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What is savings into unit trusts?
Savings into unit trusts refers to the practice of investing money in a pooled investment vehicle where funds from multiple investors are combined to purchase a diversified portfolio of assets, managed by a professional fund manager.
Who is required to file savings into unit trusts?
Individuals or entities that have invested in unit trusts and are subject to tax regulations regarding their investment income or capital gains are typically required to file savings into unit trusts.
How to fill out savings into unit trusts?
To fill out savings into unit trusts, investors typically need to complete a form provided by the fund management company, which includes personal information, investment details, and declarations of income related to the unit trust investments.
What is the purpose of savings into unit trusts?
The purpose of savings into unit trusts is to provide investors with a means to achieve capital growth and income through professional management of a diversified portfolio, while allowing them access to markets that may otherwise be hard to reach.
What information must be reported on savings into unit trusts?
Investors must report details such as the amount invested, dividend income received, any capital gains made, and other relevant financial information related to their unit trust investments.
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