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How much can I invest?

Minimums for retail share classes are usually £50 per month or £1,000 lump sum. Some online investment platforms may allow you to invest smaller amounts.

Maximum limits apply to investment through ISAs and through pensions (including Self Invested Personal Pensions, or ‘SIPPs’).

The personal limit for ISAs a tax year (as of 2018/19) is £20,000. This can be split between a Stocks & Shares ISA, a Cash ISA*, a Lifetime ISA (maximum £4,000) and an Innovative Finance ISA*. You can open one of each type of ISA each tax year.

Other product providers and online platforms offer the fund via personal pensions, SIPPs and ISAs, and you can also speak to your financial adviser.

The above should not be considered financial or tax planning advice, or advice to invest in any particular investment vehicle or fund.

Taxation information is based on Hearthstone’s understanding of legislation in force as at July 2018. Legislation may change, and tax and trust law may be open to differing interpretation. The impact of taxation will depend on individual circumstances. Potential investors should seek advice from their financial adviser or tax specialist before investing.

The prospectus contains more information on taxation within TM home investor fund and taxation in the hands of the investor. Please contact us if you would like a copy.

How soon can I withdraw money?

This should be considered as a medium to long-term investment of at least five years, but you can apply to cash-in your investment whenever you want to, on any UK business day. Under normal circumstances, the deal will be settled four business days later. If using the WealthKernel portal, the money will usually be cleared into your bank account after one additional business day.

In unusual market conditions, there may be a delay in withdrawing money if properties need to be sold. However, the fund aims to hold 10% to 15% of assets in cash to cover withdrawals and has a stream of rental income that can be used to meet withdrawals in the short term. The fund buys properties outright in cash and does not borrow money or take out a mortgage to pay for houses, so it does not have to service any debt.