Vanguard noobie.. what now?!

madlyn

Really glad I found this thread.
I have a fixed rate regular saver account ending next month and I am planning on opening a Vanguard LS S+S ISA, and I would probably been asking these questions myself.
I am also looking at opening a LS S+S ISA, which i am guessing is a SIPP?

eskbanker

madlyn said:

Really glad I found this thread.
I have a fixed rate regular saver account ending next month and I am planning on opening a Vanguard LS S+S ISA, and I would probably been asking these questions myself.
I am also looking at opening a LS S+S ISA, which i am guessing is a SIPP?

A SIPP is a pension product, and is definitely different from an ISA!  Not sure what you mean by "a Vanguard LS S+S ISA" (and then "also opening a LS S+S ISA") but if you mean that you're intending to open a S&S ISA with Vanguard Investor, and then within that ISA investing in one of their LifeStrategy funds, then it would be advisable to familiarise yourself with the important difference between the platform, the wrapper and the investments themselves....

madlyn

My apologies.
I am going to open a LS S+S ISA and possibly a SIPP which can be a LS fund.

Alexland

madlyn said:

I am going to open a LS S+S ISA and possibly a SIPP which can be a LS fund.

Vanguard Investor platform offers the S&S ISA and SIPP tax wrapper accounts within which you can hold investments such as a LifeStrategy multi asset fund.

The ISA and SIPP are never themselves the fund.

madlyn

This is under the Vanguard Personal Pension header.

https://www.vanguardinvestor.co.uk/what-we-offer/all-products

Billycock

madlyn
S&S ISA, is tax free and can be accessed at any time
S&S SIPP can't be accessed until you're 55 years old at the earliest (currently), 25% of the SIPP pot would be tax free (also currently) the remaining sum is taxable (again currently), because any monies you invest in the SIPP will also benefit from the government tax relief of 20% (once more currently) with a like for like investment in both an ISA and SIPP, the SIPP should overall return the better outcome. Depends when you want to access the investment really.
Yes you can open both ISA and SIPP if you desire.

madlyn

Billycock said:

madlyn
S&S ISA, is tax free and can be accessed at any time
S&S SIPP can't be accessed until you're 55 years old at the earliest (currently), 25% of the SIPP pot would be tax free (also currently) the remaining sum is taxable (again currently), because any monies you invest in the SIPP will also benefit from the government tax relief of 20% (once more currently) with a like for like investment in both an ISA and SIPP, the SIPP should overall return the better outcome. Depends when you want to access the investment really.
Yes you can open both ISA and SIPP if you desire.

I understand all that.
The ISA would be there if and when I need it but I am planning on not touching it for at least 5 years, and the SIPP as a retirement income which I doubt I will touch once I turn 55.

Billycock

madlyn said:

Billycock said:

madlyn
S&S ISA, is tax free and can be accessed at any time
S&S SIPP can't be accessed until you're 55 years old at the earliest (currently), 25% of the SIPP pot would be tax free (also currently) the remaining sum is taxable (again currently), because any monies you invest in the SIPP will also benefit from the government tax relief of 20% (once more currently) with a like for like investment in both an ISA and SIPP, the SIPP should overall return the better outcome. Depends when you want to access the investment really.
Yes you can open both ISA and SIPP if you desire.

I understand all that.
The ISA would be there if and when I need it but I am planning on not touching it for at least 5 years, and the SIPP as a retirement income which I doubt I will touch once I turn 55.

That's fine, therefore at least from the Vanguard Investor website you just choose, the 'open an ISA' option and follow instructions and likewise to open a SIPP. And once your deposits are there then choose your investment funds. 

ranciduk

Is there anyway of checking the current price of a vanguard Ls funds during the day?

i only seem to be able to get a price for the previous day

coyrls

ranciduk said:

Is there anyway of checking the current price of a vanguard Ls funds during the day?

i only seem to be able to get a price for the previous day

The fund is only priced once a day.