basic help - compare these two funds pls

help50

Hello
I have a couple ISAs, not much in either. £8k with Invesco Perpetual Managed Growth Fund and £4k through Charles Stanley and the Vanguard Lifestrategy 60. The Invesco is older and currently has no more payments going in. The Vanguard has £100/m going in. I have another £3k to put somewhere just now, not sure where. I have company pension, plus personal pension, mid 50's, retire in say 10 years all being well, thinking will put this £3k into an ISA. But which one, should I keep both of these going, transfer one into another, take out another one? What are the factors to consider to help me make such a decision? Any help appreciated.
thanks.

ValiantSon

You can only subscribe to one ISA within any tax year, so if it is the Charles Stanley ISA that you have been paying into this year then you can only pay the £3,000 into that ISA until 5th April. From 6th April you could choose to pay the £3,000 into your Invesco ISA (Who is this with - is it directly provided by Invesco?), but if you do that then you won't be able to pay any money into the Charles Stanley ISA until 6th April 2019, because you would have subscribed to the Invesco ISA for the 2018/19 tax year.

The easiest option might perhaps be to apply for an "in specie" transfer from Invesco to Charles Stanley and then you can apportion money between the Invesco fund and Vanguard fund as you wish from that point forwards.

help50

Excellent thanks for the clear points, I'm no expert on this! The Invesco ISA is directly provided thy them. Sounds like that transfer could be the way to go.

dunstonh

But which one, should I keep both of these going, transfer one into another, take out another one?

There is a difference in investment risk between the two of them. The IP fund is the better performer but that will largely be down to risk levels.