Investment advice

AAZ

Altior said:

There may be some inheritance tax implications. If there are, could be tricky if the gift has been placed (and locked) in a pension wrapper.  

We are not looking for pension as my partner has a pretty good work pension. At the moment we have decided to invest in tracker funds , 20 K in ISA and then every year move the money from normal saving account to ISA. Vanguard is the obvious favourite , is there any other notable tracker worth considering ?

Nurse2047

https://youtu.be/ZfNkyzmdnyg I’m no expert but a global fund is normally recommended 

dunstonh

We are not looking for pension as my partner has a pretty good work pension.

That is not a reason to rule out the pension tax wrapper.  In the pecking order, the pension tax wrapper beats the ISA tax wrapper, providing the time for investment takes you over 57.

At the moment we have decided to invest in tracker funds ,

It is unusual for a new investor to go straight into portfolio building (a requirement if you use trackers - unless you intend to go 100% global equity).   What knowledge do you have with regards to portfolio building?

20 K in ISA and then every year move the money from normal saving account to ISA.

Why ISA and not pension?

Why limit yourself to £20k and not use a GIA for any excess and then bed & ISA/bed & pension each year?

Vanguard is the obvious favourite , is there any other notable tracker worth considering ?

Why obvious favourite? 

Vanguard do not have the best trackers in most areas.

Nardy

Vanguard do not have the best trackers in most areas.

Ooh you teaser, who does?

Prism

Nardy said:

Vanguard do not have the best trackers in most areas.

Ooh you teaser, who does?

Nobody does. Different trackers from different companies for different indexes are perfectly fine as long as the platform has that selection.

dunstonh

Nardy said:

Vanguard do not have the best trackers in most areas.

Ooh you teaser, who does?

Prism beat me to it.  No single fund house has the best funds in all areas.   In terms of trackers, you get different styles of tracking (sampled, full etc), you get tracking errors and charge differences. 

If you were building a portfolio using passive funds and wanted the best then you would end up with around 4 or 5 fund houses.

P1Fanatic

AAZ said:

Altior said:

There may be some inheritance tax implications. If there are, could be tricky if the gift has been placed (and locked) in a pension wrapper.  

We are not looking for pension as my partner has a pretty good work pension. At the moment we have decided to invest in tracker funds , 20 K in ISA and then every year move the money from normal saving account to ISA. Vanguard is the obvious favourite , is there any other notable tracker worth considering ?

What does pretty good pension mean? Unless they are already maxing it out annually or have concerns on hitting Lifetime Allowance then its still something you should at least look at.

AlanP_2

P1Fanatic said:

AAZ said:

Altior said:

There may be some inheritance tax implications. If there are, could be tricky if the gift has been placed (and locked) in a pension wrapper.  

We are not looking for pension as my partner has a pretty good work pension. At the moment we have decided to invest in tracker funds , 20 K in ISA and then every year move the money from normal saving account to ISA. Vanguard is the obvious favourite , is there any other notable tracker worth considering ?

What does pretty good pension mean? Unless they are already maxing it out annually or have concerns on hitting Lifetime Allowance then its still something you should at least look at.

And I would add to that look at both your pensions not just your partner's.

AAZ

dunstonh said:

We are not looking for pension as my partner has a pretty good work pension.

That is not a reason to rule out the pension tax wrapper.  In the pecking order, the pension tax wrapper beats the ISA tax wrapper, providing the time for investment takes you over 57.

At the moment we have decided to invest in tracker funds ,

It is unusual for a new investor to go straight into portfolio building (a requirement if you use trackers - unless you intend to go 100% global equity).   What knowledge do you have with regards to portfolio building?

20 K in ISA and then every year move the money from normal saving account to ISA.

Why ISA and not pension?

Why limit yourself to £20k and not use a GIA for any excess and then bed & ISA/bed & pension each year?

Vanguard is the obvious favourite , is there any other notable tracker worth considering ?

Why obvious favourite? 

Vanguard do not have the best trackers in most areas.

Many thanks for advice
I have looked at fidelity and legal and general as well and perhaps best to spread pots between them

bostonerimus

dunstonh said:

Nardy said:

Vanguard do not have the best trackers in most areas.

Ooh you teaser, who does?

Prism beat me to it.  No single fund house has the best funds in all areas.   In terms of trackers, you get different styles of tracking (sampled, full etc), you get tracking errors and charge differences. 

If you were building a portfolio using passive funds and wanted the best then you would end up with around 4 or 5 fund houses.

Don't worry too much about different trackers, just understand what you are buying. Go for low fees and you will be ok, the differences are not as important as investing i them regularly and sensibly.