Unit trusts belonging to the Adult, Individuals in the Household or the Family (Benefit Unit)

Dataset: Family Resources Survey (Adult, Individual, Family (Benefit Unit), Household)

Field: Unit trusts belonging to the Adult, Individuals in the Household or the Family (Benefit Unit)

Description

Whether the adult or individuals in a household or a family (benefit unit) have any unit trusts, as reported by FRS respondents, where:

All individuals who are aged 16 and over are classified as an adult, unless the individual is defined as a dependent child. All adults in the household are interviewed as part of the FRS.
A household consists of one person living alone or a group of people (not necessarily related) living at the same address, who share cooking facilities and share a living room or sitting room or dining area. A household will consist of one or more benefit units.
A family (benefit unit) may consist of: a single adult, or a married or cohabiting couple, plus any dependent children. Same-sex partners (civil partners and cohabitees) have been included in the same benefit unit since January 2006.
Unit trusts are a collectively managed investment in the financial markets, where investors buy "units" of a fund, which invests in shares, stocks, Gilts, etc. Dividends are paid net of tax.

Classification

Applicable to: all adults or all individuals in a household or a family (benefit unit).

Total number of categories: 3

Quality Statement

The data presented for unit trusts also includes investment trusts, since these two assets are collected together in the FRS.

Further information can be found in the FRS Background Note and Methodology here.