Advice on Vanguard funds

Tom99

metrobus wrote: »

Thank you Tom I knew I was missing something.

Sorry for all the questions but one other thing what's the typical spread between buying and selling price on the Lifestrategy 80% fund?
Thank you.

There is no spread, buy/sell are the same price. This is common with a lot of funds but not all:
https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/v/vanguard-lifestrategy-80-equity-accumulation

metrobus

Thanks for the link Tom,

so going by a price of 21,913.05 if i wanted to buy £20,000 worth would i get the amount rounded off so 91 x 21,913.05 equalling £19,940.09 or would i receive the fraction of a unit up to £20,000?

ColdIron

You will get fractional units to many decimal places

Tom99

metrobus wrote: »

Thanks for the link Tom,

so going by a price of 21,913.05 if i wanted to buy £20,000 worth would i get the amount rounded off so 91 x 21,913.05 equaling £19,940.09 or would i receive the fraction of a unit up to £20,000?

With funds you can normally buy a fraction of a unit so you can invest exactly £20,000 if you want to. However if you pay platform charges from your ISA account it's usually better to hold enough to cover these charges in cash otherwise the platform will probably sell fractions of a unit to pay fees which make your dealing history look a mess.

Eco_Miser

metrobus wrote: »

i take it i can buy and sell vanguard LS60 or 80 at the same unit cost with them or when it comes to it would there be a charge to sell with iweb?

There's a £5 fee to buy or sell with iWeb, but that's the only charge, other than the initial £25. Direct with Vanguard, you would be charged .15% of your holding every year (£30 for a £20k holding)

metrobus

I think i read the iweb £25 initial fee allows me to have both a s&s isa account and a general account is that correct? At the moment I am only interested in buying vanguard LS60% AND 80% into an isa in this and next tax year 20/21 but I may put a little extra into a general account and transfer into the s&s isa in 21/22.
Thank you everyone you've taught me a lot in the last 24 hours.

ColdIron

When you open an ISA with iweb you automatically get a Share Dealing Account. It's up to you what to do with it

easterbunni

metrobus wrote: »

I think i read the iweb £25 initial fee allows me to have both a s&s isa account and a general account is that correct? At the moment I am only interested in buying vanguard LS60% AND 80%

If you open the iweb account, do bear in mind you have plenty of other options for funds, ETFs, ITs etc, not just Vanguard products

Eco_Miser

Th only thing I've done with the GIA is pay the £25, leaving the whole £20k in the ISA to be invested.
Incidentally, if you buy £20k's worth of a fund, you'll actually get £19995 of fund and £5 of transaction fee.

metrobus

ColdIron wrote: »

When you open an ISA with iweb you automatically get a Share Dealing Account. It's up to you what to do with it

and there is no problem then to have £40k(£20k19/20 £20k 20/21) of vanguard LS80% in the s&s isa and £20k of the same fund in the general account ready to transfer the following tax year, all for the same initial £25 fee and the £5 transaction costs?