Any dividends or investment gains from the tracker funds and ETFs that Moneybox offers investment into are automatically re-invested into the funds, producing more income. These are known in the investment industry as ‘accumulation’ funds (rather than ‘income’ funds, where any gains made by the fund will be paid out to you).

This is dictated by the funds, so occurs at the fund manager level (BlackRock, Legal & General, Fidelity, Vanguard, Royal London, HSBC, and Old Mutual) and according to their timings. These gains are taken into account when your daily performance figure is calculated, so they won’t be visible in your ‘recent activity’ in the Accounts tab or on an account statement.

When this reinvestment occurs, your total number of units will remain the same, however, their value will increase!

If you hold a S&S ISA, and invest in US stocks, some of these also pay out dividends. Any dividends you earn from investing in stocks will be paid into your Available Cash, for you to then either reinvest as you wish or withdraw to your linked bank account in Settings > Withdraw. Dividends do not count towards your annual ISA allowance.