S&S ISA - Index Tracker AND Indv Shares?

goodwinsmith

Howdy all,

Apologies if this has been covered elsewhere, or if it's common knowledge that this is impossible, but I was wondering:

I currently have a Stocks & Shares ISA, inside which I've got a UK Index tracker set up. I haven't used very much of this tax year's allowance yet. Am I able to ALSO hold individual shares and stocks within this Stocks and Shares ISA? Or, because I have identified an Index Tracker, am I unable to also hold individual stocks in the ISA?

I'm really keen on trying out the stock market. I'm not looking to invest a large amount, but want to jump in the pool nonetheless. Have I painted myself into a taxed corner, or is this simply a limitation of the S&S Isa?

Thought I'd throw this out to the group. Ready to be educated.

Thanks,
Ryan

Lokolo

Why do you think you can't hold individual stocks as well? It is a little contradicting but it's worth it if you think you can pick individual stocks to outperform the index.

Masomnia

Depends on your broker. Your can't pay into more than one ISA in any tax year, if the ISA you have allows you to buy individual shares within the wrapper then yes. You may be able to switch, but someone will have to clarify the position on that.

Otherwise just open a separate trading account and use that. Unless you're going to make more than ~£10k profit this year there isn't all that much advantage to the ISA anyway. Next tax year you can sell up and rebuy in a different ISA.

goodwinsmith

Thanks Masomnia,

I believe this may be a feature not offered by my current S&S ISA provider. But good to know it is, in theory, possible.

I should be so lucky to get 10K profit this year. Thanks for putting this into some context for me.

dunstonh

If you want whole of market access within the ISA then you need a whole of market platform. You have platforms/providers that will allow anything listed on the LSE and any open retail (and some institutional) funds right down to ISA managers who only have one fund.

mango100

Not sure if this is the right forum for this question or not, we invested in stocks and shares ISA's a couple of years ago following advise from santander, within weeks of investing, our investment dropped dramatically, I was wondering if we have a case against santander for their bad advice?

Lokolo

mango100 wrote: »

Not sure if this is the right forum for this question or not, we invested in stocks and shares ISA's a couple of years ago following advise from santander, within weeks of investing, our investment dropped dramatically, I was wondering if we have a case against santander for their bad advice?

You can't have a case for market timing. You can have a case if the investments chosen aren't to your risk profile.

dunstonh

I was wondering if we have a case against santander for their bad advice?

Why was the advice bad?

Santander, like everyone else, do not have a crystal ball. Markets will zig zag. Always have, always will. You cannot complain because you get a zag instead of a zig.

black_taxi_2

index tracker fund--S&P500 isa

annual charge .25% monthly fee £2

---

index tracker fund--ftse-all-share index isa

annual charge .25% monthly fee £2

looking at 5year+ investing ---the american index has consistantly out performed the ftse-all-share

my target

beat cash isa--longterm 10/15 years

1.are these charges/fees value compared to others?

thx