S&S ISA Mess/Confusion - Clarification requested!

[Deleted User]

Thanks for clarifying this.

Tical

Thanks for all the replies.
I think I'll probably transfer the vanguard S&S ISA over to Charles Stanley and have it all in the same S&S ISA making it easier to manage.

steampowered

Why do you feel a need to diversify further, and which funds are you considering diversifying into? Vanguard funds are pretty well diversified.

For example, if you hold 2 funds which both focus on the UK, that's no more diversified than 1 fund which focusses on the UK. 

afis1904

Why has no one mentioned opening a general investment account instead of a S&S ISA? It's not unlikely that you won't invest enough for there to be any tax burden anyway. You'd have to make gains of £11,300 to be liable for any tax

eskbanker

afis1904 said:

Why has no one mentioned opening a general investment account instead of a S&S ISA? It's not unlikely that you won't invest enough for there to be any tax burden anyway. You'd have to make gains of £11,300 to be liable for any tax

CGT allowance is actually £12K now, but even if the long-term gains were below that (OP implies a 15+ year period but doesn't state amount being invested), there's still an admin burden associated with keeping records of purchases, sales, dividends (which would be taxable if unwrapped), etc, when using a GIA, so it's not without its disadvantages.