ETFs vs Index Funds for non-UK residents

PanosGR

Hello to you all,

I am currently holding 53k in a First Direct e-savings account that gives me 4,90% AER that I collect in full being a non-UK resident. Ideally I would have transferred my savings to another bank with a better rate, but not being a UK resident anymore I am unable to open another bank account.

I am considering in investing in FTSE index funds. The costs that I will incur, if I have calculated them correctly, are (for a FTSE All-Share Index Fund via parent HSBC): 0% initial charge, 0,5% annual management charge and 0,14% other expenses (which I do not really understand).

However, having read many threads in this forum, I can see as a viable alternative the ETFs, eg Barcrlay's iShare. In this case, the costs I will be incurring are 10 GBP per transaction and 0,5% stamp duty charge per transaction. Having to hold the shares for more than 2 years (which is of course what I am planning of doing) amounts to fewer expenses.

Am I correct to assume all of the above as correct? Also, are there any reasons to pick iShare stocks over other ETFs?

Thanks

ChloeRadshaw

I also would be very interested in this...