Investing through Rafidain Bank

When investing in unit trusts, investors purchase units in an Investment Fund.

A Unit Trust means the fund manager will set up a trust that is separate from their company and will appoint an independent financial institution, such as a bank to act as trustee. The trustee’s role is to look after the assets that the fund is invested in and to monitor the fund manager.

To open a Unit Trust online you'll be asked to choose the fund that suits you, your goals and your attitude to risk, from the online investment fund range. You will then need to choose the Unit Trust option.

Before you proceed with your application you should ensure that all documents can be printed and/or saved, and all information can be clearly read on the device that you are using.

Stocks & Shares ISAs are a tax efficient way to invest.

A Stocks & Shares ISA allows you to invest into a range of investments, such as government and corporate bonds, property and stocks & shares as part of your ISA allowance. Because they are held in an ISA, any gains you make are tax efficient, helping you to save some tax depending on what investments you have and what levels of tax you pay. There's more on this in our guide to Stocks & Shares ISAs.

• The potential returns can be higher than cash equivalents with the current low interest rates. However, investing should be a long term plan and you should be comfortable with aiming to invest for a minimum of 6 years, and prepared to accept the higher risk of investing.
• Any gains you make are protected from capital gains tax, and for higher rate tax payers, you'll pay less income tax on any dividends you may get.

To open a Stocks & Shares ISA online you'll be asked to choose the fund that suits you, your goals and your attitude to risk, from the online investment fund range. You will then need to choose the Stocks & Shares ISA option.

Before you proceed with your application you should ensure that all documents can be printed and/or saved, and all information can be clearly read on the device that you are using.