Stock and Shares ISA maxed out - options?

Marcusian

So i am about to have maxed out my ISA for the year (with Vanguard, solely in FTSE Global All Cap Index). 
What options do i have available to invest elsewhere that are relatively tax efficient?

I probably have 500-1000 per month to to invest - I do have a GIA with Freetrade, but was unsure on the actual tax implications of investing in this? I would only look to invest in an ETF maybe small caps or EM (or whichever isn't covered as much in the Global All Cap). My understanding, is that the tax on £5k invested in this way wouldn't be that large surely?

The other option would be just to save this as cash (Marcus account, 0.4% interest), then next April, put it straight into my new ISA allowance? I understand the inflation bit, but the cash erosion should not be too large if i just saved the cash from July 21 to April 22?

kuratowski

Got a pension?

Thrugelmir

Marcusian said:

I probably have 500-1000 per month to to invest - I do have a GIA with Freetrade,

Then you are unlikely to suffer any adverse tax consequences. Unless you are extremely fortunate with your choice of investment. Dividend allowance is £2k and capital gains tax allowance is £12,300.  More than adequate to trade outside of an ISA. Until you can move the funds inside the wrapper. 

Marcusian

Thrugelmir said:

Marcusian said:

I probably have 500-1000 per month to to invest - I do have a GIA with Freetrade,

Then you are unlikely to suffer any adverse tax consequences. Unless you are extremely fortunate with your choice of investment. Dividend allowance is £2k and capital gains tax allowance is £12,300.  More than adequate to trade outside of an ISA. Until you can move the funds inside the wrapper. 

Yes, however i have a LTD Company, that will be using my tax free dividends. So if i am reading that right, unless I 'gained' more than 12k on my investments i won't be liable to any tax? (which from i can see would be highly unlikely with a max 10k invested before April 22).

Marcusian

kuratowski said:

Got a pension?

I do, a SIPP, but truthfully, I am not arsed about money I can't access before whatever age it will be by the time I get to that (I am 38). I know, i know...pensions and all that. But just not interested. 

MX5huggy

Marcusian said:

kuratowski said:

Got a pension?

I do, a SIPP, but truthfully, I am not arsed about money I can't access before whatever age it will be by the time I get to that (I am 38). I know, i know...pensions and all that. But just not interested. 

So true, free money really not worth the effort.

Marcusian

MX5huggy said:

Marcusian said:

kuratowski said:

Got a pension?

I do, a SIPP, but truthfully, I am not arsed about money I can't access before whatever age it will be by the time I get to that (I am 38). I know, i know...pensions and all that. But just not interested. 

So true, free money really not worth the effort.

I mean, I am guessing you are defining the tax relief as free money? This is my own SIPP, i work for myself, I don't have an employer contributing. 

Thrugelmir

Marcusian said:

MX5huggy said:

Marcusian said:

kuratowski said:

Got a pension?

I do, a SIPP, but truthfully, I am not arsed about money I can't access before whatever age it will be by the time I get to that (I am 38). I know, i know...pensions and all that. But just not interested. 

So true, free money really not worth the effort.

I mean, I am guessing you are defining the tax relief as free money? This is my own SIPP, i work for myself, I don't have an employer contributing. 

A better return on your money than investing in an ISA over the long term. Planning for a comfortable retirement is best done earlier in life rather than later. Time once gone can never be recovered, 

MX5huggy

Marcusian said:

MX5huggy said:

Marcusian said:

kuratowski said:

Got a pension?

I do, a SIPP, but truthfully, I am not arsed about money I can't access before whatever age it will be by the time I get to that (I am 38). I know, i know...pensions and all that. But just not interested. 

So true, free money really not worth the effort.

I mean, I am guessing you are defining the tax relief as free money? This is my own SIPP, i work for myself, I don't have an employer contributing. 

In that case work for your own limited company and pay into the directors pension dodging tax and NI. (Probably got my terminology wrong here). See a tax savvy account, not the book keeper sort that thinks their job to get every last penny to HMRC. 

Steve182

Don't forget VCT's. 30% tax rebate from HMRC paid when you do your tax return for the financial year of your investment (you need to stay invested for 5 years minimum, or pay it back) and all CG and divis are tax free

If this is a path you choose to pursue, Amati AIM VCT are one of the most popular. They are apparently going to be offering a new subscription in the summer. Their last, in March this year was so popular it was over subscribed and closed on the opening day so you really need to be on the ball to catch it. In fact it was so over subscribed I only received about 40% of what I requested and was refunded the remaining 60%.

You can register to be notified and invest through "wealthclub" 

george4064

Pension or General Investment Account then bed & isa the GIA assets next tax year.