Dumb question about S&S ISAs

ktk

Sorry about this. I have some money to invest, which I am happy to tie up for 10 to 20 years. I already have cash ISAs, but would like to put some funds into S&S. I have been looking at Vanguard's Life Strategy fund, but have no idea how to put this into an ISA. I have an endowment policy maturing next year, and have already paid off my mortgage, so I also need to think about what to do with that!

Also, while I think about it, I do have a few shares knocking about from work based sharesave schemes etc. Is is worth putting them into an ISA, if so how?

Thanks for your help!

grey_gym_sock

you need to use a platform to buy vanguard lifestrategy in an ISA. (you can only go direct to vanguard with £100k+, and not for ISAs anyway.)

i believe hargreaves landsdown are the cheapest platform when you only want to buy 1 vanguard fund. they charge £2 per vanguard fund held per month.

to put shares in an ISA, you'd have to sell them and buy them back again, incurring some costs. this is called a "bed and ISA". may or may not be worth doing. it would use part of your ISA allowance for this year, so it also depends on whether you'll be maxing it out already.

xylophone

http://www.tddirectinvesting.co.uk/choose-an-account/trading-isa/faqs/

"Share Save/Save As You Earn (SAYE):
The only exception to the rules regarding transferring shares into an ISA is if you have shares in a company Share Save/SAYE scheme. Shares released from these schemes can be transferred directly into an ISA as long as you complete the transfer within 90 calendar days of the stock being released from the scheme. If you have an account already, it needs to be fully upgraded and able to accept subscriptions for the current year.
If you wish to deposit Share Save/SAYE shares into your ISA, please return the following documents:
1. A Trading ISA application form (only required if you do not have an account already)
2. The share certificate(s)
3. A completed Crest Transfer Form
4. Written covering letter with instructions
5. The Notice of Exercise*"

The above may be of interest?

longwalks1

Xylophone you are a star thank you