Transferring Non ISA Into ISA

Glen_Clark

suts wrote: »

Thanks for that Glen.

Obviously we have just had a correction

That wasn't a correction - just a normal blip.
Nobody knows where it will be in the next few months.
Only that in the long term (at least 5 years) its very likely to do better than cash

suts

I dont suppose anyone could recommend a fund which would closely mirror the one i have currently?

MRS - ISHARES WORLD EQUITY INDEX FUND USD - CLASS 1

TIA

kidmugsy

How old are you?

How much money is involved?

suts

Age 45

100K +

Thanks

masonic

If you are planning to stay with Fidelity, then perhaps a global ETF, so that your service fee will be capped at £45 per year.

SWDA - iShares Core MSCI World UCITS ETF is one of the cheapest. It doesn't include exposure to emerging markets. There is a slighly more expensive Vanguard fund (VWRL) that might also be considered.

This assumes you want something that closely matches your existing investment.

kidmugsy

suts wrote: »

Age 45

100K +

Thanks

Then how do you plan to carry it off? You can subscribe £20k p.a. to an ISA. If you use your wife's capacity too then that becomes £40k p.a.

If you hold Cash ISAs you could always transfer those to S&S ISAs while selling your unsheltered funds for cash.

pafpcg

suts wrote: »

100K +

Check what gain you'll have made on selling - you may be liable to pay Capital Gains Tax (total gain over £11,700 in any one tax-year). In any case, if you sell more than £46,800, you'll have to include details of ALL disposals in your 2018/19 tax return even if your gain is below the £11,700 threshold.

suts

Was thinking along the lines of moving 20k per into ISA's.

I,m guessing within those 20k sums there wont be anywhere near 11700 of profit ?? (just a guess)

Thanks for those fund suggestions i think something like this is what i,m after.

Thanks again.

eskbanker

suts wrote: »

Was thinking along the lines of moving 20k per into ISA's.

I,m guessing within those 20k sums there wont be anywhere near 11700 of profit ?? (just a guess)

As with any other unwrapped asset disposal, you have to do more than guess and need to be able to ascertain the purchase price to measure the gain on sale - obviously it makes sense to do so before committing to the sale, in that this may give you the opportunity to reduce your total CGT liability by rescheduling sales....

kidmugsy

You can double your annual CGT exemption by adroit use of your wife.

Where's jamesd these days? He's just the chap to explain how you should really use VCTs and P2Ps to solve your problem.