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Trackers without Excess reportable income

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Are there any global or sector trackers (fund, IT or ETF) not based in Ireland or similar that do not have the hassle of Excess reportable income which are comparable in cost to all the Vanguard, Blackrock and iShares funds I've looked at which are all Ireland Reportable status?
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  • masonic
    masonic Posts: 27,286 Forumite
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    edited 16 October 2021 at 6:41AM
    Anything UK domiciled won't have this issue. The Vanguard ETFs have been managed such that they distribute all of the income they receive, so excess reportable income is generally zero, although that isn't guaranteed to be the case going forward. The HSBC tracker above is a good option for all world, Fidelity Index World is cheap for developed world, Vanguard FTSE Dev World ex-UK equity index is an option for developed world ex-UK. It's not difficult to avoid offshore funds and find distributing funds if you're investing outside of an ISA/SIPP and don't want the headache of doing tax calculations yourself.

  • masonic
    masonic Posts: 27,286 Forumite
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    edited 16 October 2021 at 11:17AM
    coastline said:
    I don't see any way on those sites to filter by domicile (edit: the justETF site does have this functionality within its screener, but doesn't have any UK-domiciled ETFs in its list), but as a general rule ETFs will be offshore and therefore unsuitable for the OP, while OEICs will be UK domiciled and probably ok.
  • coastline
    coastline Posts: 1,662 Forumite
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    edited 16 October 2021 at 11:44AM
    masonic said:
    coastline said:
    I don't see any way on those sites to filter by domicile (edit: the justETF site does have this functionality within its screener, but doesn't have any UK-domiciled ETFs in its list), but as a general rule ETFs will be offshore and therefore unsuitable for the OP, while OEICs will be UK domiciled and probably ok.
    If you select global IT on the link you can go through each one .EG below..
    I'm throwing up ideas and agree with your views on ETF's. In general my selections are in ISA and SIPP and physical replication with a fair sized market cap. Basically the main ones eg. VWRL . Obviously going with IT's we are now "active" .

    Alliance Trust | The AIC
  • talexuser
    talexuser Posts: 3,531 Forumite
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    masonic said:
    The Vanguard ETFs have been managed such that they distribute all of the income they receive, so excess reportable income is generally zero, although that isn't guaranteed to be the case going forward. 
    I have VNRT, VERX and VJPN which all have declared excess? VJPN was zero in 2020 and the others I have calculated around £35 in tax to put on my brand new self assessment, but am still confused by the timing. Since I've got to pay 3 grand tax by Jan, I'm not too worried about declaring this insignificant reportable, but if could swap the ETFs for something equivalent without the hassle life would be a little bit simpler.
  • talexuser
    talexuser Posts: 3,531 Forumite
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    Also needs to be distributing to avoid ACC complications in GIA!

    Already got a chunk of Alliance in GIA.

    I've got Vanguard FTSE Dev World ex-UK in the daughters ISA for the grandkids and think its reporting? 

    Fidelity World isn't on iWeb funds search :-( 

    but does have

    HSBC MSCI World NAV GBP (HMWO) and
    HSBC Euro Stoxx 50 X NAV GBP (H50E)

    How do you find the definitive answer to domicile of funds?
  • masonic
    masonic Posts: 27,286 Forumite
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    edited 16 October 2021 at 5:12PM
    talexuser said:
    Also needs to be distributing to avoid ACC complications in GIA!

    Already got a chunk of Alliance in GIA.

    I've got Vanguard FTSE Dev World ex-UK in the daughters ISA for the grandkids and think its reporting? 

    Fidelity World isn't on iWeb funds search :-( 

    but does have

    HSBC MSCI World NAV GBP (HMWO) and
    HSBC Euro Stoxx 50 X NAV GBP (H50E)

    How do you find the definitive answer to domicile of funds?
    Fidelity World isn't an ETF and I'm sure iWeb does offer it (can't check right now as it is down for weekend maintenance) - you'd have to switch to their funds list to find it.
    Anything held within an ISA can be ignored for excess reportable income.
    The two HSBC funds look like ETFs, there are almost zero UK domiciled ETFs. The definitive answer comes from the factsheet/prospectus/KIID.
  • ColdIron
    ColdIron Posts: 9,851 Forumite
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    edited 16 October 2021 at 5:22PM
    It doesn't show up if you search on the name in the funds centre but if you look at the list of Fidelity funds it's there oddly
  • masonic
    masonic Posts: 27,286 Forumite
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    edited 16 October 2021 at 5:30PM
    talexuser said:
    masonic said:
    The Vanguard ETFs have been managed such that they distribute all of the income they receive, so excess reportable income is generally zero, although that isn't guaranteed to be the case going forward. 
    I have VNRT, VERX and VJPN which all have declared excess? VJPN was zero in 2020 and the others I have calculated around £35 in tax to put on my brand new self assessment, but am still confused by the timing. Since I've got to pay 3 grand tax by Jan, I'm not too worried about declaring this insignificant reportable, but if could swap the ETFs for something equivalent without the hassle life would be a little bit simpler.
    Yes, it looks like my comments are out of date as there have been quite a few new ones launched since that are retaining some of the income. The ones I previously held came in at zero consistently for a few years.
    VERX could be switched to Vanguard FTSE Developed Europe ex-U.K. Equity Index Fund (OCF: 0.12%)
    VJPN could be switched to Vanguard Japan Stock Index Fund (OCF: 0.16%)
    Not sure about VNRT if you want to maintain the small exposure to Canada. If that's not important, then Vanguard U.S. Equity Index Fund (OCF: 0.10%) is an option
    The above is just looking within Vanguard, I'm sure there are OIECs from other providers that could fit the bill.
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