Changing my S&S isa?

Cam93

sorry of a newb question.

I currently have a VLS80 which is averaging around +14% with est 4.5k in there with 300pcm contributions 

As the VLS80 is heavily UK weighted, I've been looking ti change to global tracker, which also appear historical to proform better too. My question is, now I've contributed to my VLS80 in this tac year, do I need to wait until April until I can open a vanguard global tracker and then transfer my VLS80 monies into the global tracker? Or is there a way I can do that this year?

Thanks in advance 

Albermarle

If you are holding VLS 80 within a S&S ISA , then you can change from VLS 80 to any other investments available within that ISA with no problem. 
What you can not do is open a new S&S ISA.

bowlhead99

If you have an ISA holding VLS80 you can sell that existing investment and buy a different investment inside your ISA, the ability to change your investment is a standard feature of ISAs that offer VLS.

Beware of observing that something has historically performed better and presuming that will mean it should continue to perform better in future; the future is uncertain. A global tracker will still have the potential to lose over 50% in any given year, while  the potential falls experienced in VLS80 in the 'really bad times' would theoretically be less (fewer equities, fewer foreign currency holdings). Still if you are going to be investing over an indefinite long term time period you will probably get an overall better result if you don't include bonds in your holding, but it may be a bumpier ride.

83705628

Cam93 said:

sorry of a newb question.

I currently have a VLS80 which is averaging around +14% with est 4.5k in there with 300pcm contributions 

As the VLS80 is heavily UK weighted, I've been looking ti change to global tracker, which also appear historical to proform better too. My question is, now I've contributed to my VLS80 in this tac year, do I need to wait until April until I can open a vanguard global tracker and then transfer my VLS80 monies into the global tracker? Or is there a way I can do that this year?

Thanks in advance 

1. There's a whole debate about UK/global allocation which does not belong in this thread.
2. VLS80 is a great choice if you're starting out.
3. It's not "heavy" on the UK it's 25%. Maybe if it was 50:50 you could say heavy.
4. You're right that global equity looks like it has performed better recently but thatsonly because of Brexit, since 1900 UK equity has averaged a 5.5% real total return, global equity 5.2% and the performance is very correlated. So IMHO there's little to no need for a UK investor to have a heavy weight of global equity. Albemarle and bowlhead will tell me off for saying this but you should know it's a false myth that global equity is going to magically outperform the UK.
5. No you can do whatever you want whenever you want with your S&S ISA. You could sell that and buy a different fund whenever you want. What you can't do is pay into more than 1 in the same tax year, or pay more than £20k into ISAs in total within a tax year.