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Vanguard - Reinvesting Dividends
bcfclee27
Posts: 228 Forumite
In my GIA with Vanguard I'm trying to change settings so any dividends are reinvested automatically.
However the only options I have are....
- Leave as cash in my investments account
- Pay to my bank account.
Is there no option with Vanguard to automatically reinvest ?
Thanks
However the only options I have are....
- Leave as cash in my investments account
- Pay to my bank account.
Is there no option with Vanguard to automatically reinvest ?
Thanks
0
Comments
-
I had to do a section 104 capital gains tax calculation for someone that had reinvested dividends covering 47 transactions. Not a lot of fun. As you are in a GIA, section 104 will apply to you.
You may find it easier to use the yield to buy a different fund or just stick to once a year rebalancing on the cash float.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I had to do a section 104 capital gains tax calculation for someone that had reinvested dividends covering 47 transactions. Not a lot of fun. As you are in a GIA, section 104 will apply to you.
You may find it easier to use the yield to buy a different fund or just stick to once a year rebalancing on the cash float.
Oh right, what happens if it's put in an ISA as opposed to a GIA ?0 -
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AnotherJoe wrote: »No paperwork is needed
But how do I make sure any dividends are reinvested and accumulated rather than paid out to bank account or stored as cash ?0 -
buy the acc rather than the inc version of the fund?I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0
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