Investing for future returns

wmb194

If all you want is VWRL you could use Freetrade* or Trading212 and pay no fees or trading commission.

*Isa has a £3 monthly fee.

ColdIron

london21 said:

I am tempted to sell my many funds and buy the VWRL ETF and stay with HL but although their charge will be fixed max £45 they also charge per trade at 9:99 so monthly investment won't be worth it.

HL charge £1.50 per trade for ETFs with their Monthly Savings option

Albermarle

What do you reckon is the best choice? I am investing for the long term, I am in my 30s.

Nobody has mentioned it yet, but if you are investing long term/for retirement, it is normally better to invest via a pension ( or even a LISA) due to the tax benefits.

S&S ISA are useful for money you may need before age 60, and/or your pension is already being well funded, or is maybe a public sector pension.

london21

Thanks for all the responses but curious about Investengine. They do not for platform fee for DIY. 

They also allow Transfer existing ISAs for free, regulated by the FCA etc.

for ETF Vanguard FTSE All‑World VWRL will just be the fee of 0.22%

I now need to start with selling the funds I have with HL, keep the funds in ready for transfer. The 2 funds with losses are slowly getting better hold for now or also sell.

london21

Albermarle said:

What do you reckon is the best choice? I am investing for the long term, I am in my 30s.

Nobody has mentioned it yet, but if you are investing long term/for retirement, it is normally better to invest via a pension ( or even a LISA) due to the tax benefits.

S&S ISA are useful for money you may need before age 60, and/or your pension is already being well funded, or is maybe a public sector pension.

I am currently investing in my work pension. My employer contributes 8% even if I do not contribute but I also started contributing about 8% due to the tax benefit higher rate tax payer. 

I have looked into LISA but don’t like the idea of non-flexibility having to wait till retirement to get the money out. I will eventually open one I think but hate that its only £4000 per year. 

Albermarle

london21 said:

Albermarle said:

What do you reckon is the best choice? I am investing for the long term, I am in my 30s.

Nobody has mentioned it yet, but if you are investing long term/for retirement, it is normally better to invest via a pension ( or even a LISA) due to the tax benefits.

S&S ISA are useful for money you may need before age 60, and/or your pension is already being well funded, or is maybe a public sector pension.

I am currently investing in my work pension. My employer contributes 8% even if I do not contribute but I also started contributing about 8% due to the tax benefit higher rate tax payer. 

I have looked into LISA but don’t like the idea of non-flexibility having to wait till retirement to get the money out. I will eventually open one I think but hate that its only £4000 per year. 

Anyway as a higher rate taxpayer, pensions wins hands down against LISA, so probably best to forget about that option.

dunstonh

Albermarle said:

london21 said:

Albermarle said:

What do you reckon is the best choice? I am investing for the long term, I am in my 30s.

Nobody has mentioned it yet, but if you are investing long term/for retirement, it is normally better to invest via a pension ( or even a LISA) due to the tax benefits.

S&S ISA are useful for money you may need before age 60, and/or your pension is already being well funded, or is maybe a public sector pension.

I am currently investing in my work pension. My employer contributes 8% even if I do not contribute but I also started contributing about 8% due to the tax benefit higher rate tax payer. 

I have looked into LISA but don’t like the idea of non-flexibility having to wait till retirement to get the money out. I will eventually open one I think but hate that its only £4000 per year. 

Anyway as a higher rate taxpayer, pensions wins hands down against LISA, so probably best to forget about that option.

Although, ideally, it would be best to maximise the higher rate band on pensions and then use the LISA fully before then doing S&S ISA.

I have looked into LISA but don’t like the idea of non-flexibility having to wait till retirement to get the money out. I will eventually open one I think but hate that its only £4000 per year. 

£4,000 in a single year isn't a lot but you get £1000 of free money with that each year and the years do quickly add up.

It is important to keep money that needs to be accessible in the S&S ISA but also be realistic about money that you dont intend to access for the long term.   Both the LISA wrapper and the pension wrapper beat S&S ISA for money that is going to be held until your retirement years.

jimjames

london21 said:

Hi All,

I have had some thoughts about the suggestions given and will like to trim this down.

I am tempted to go for Iweb as will get £100 fee back but they charge £5 per trade and I tend to like transferring my monthly savings in to average the cost of the funds.

I am tempted to sell my many funds and buy the VWRL ETF and stay with HL but although their charge will be fixed max £45 they also charge per trade at 9:99 so monthly investment won't be worth it.

I am also considering Vanguard with their 0.15% platform charge.

No reason why you can't move the existing ISA to iWeb and then use HL or Vanguard to pay in monthly amounts for next year.

london21

dunstonh said:

Albermarle said:

london21 said:

Albermarle said:

What do you reckon is the best choice? I am investing for the long term, I am in my 30s.

Nobody has mentioned it yet, but if you are investing long term/for retirement, it is normally better to invest via a pension ( or even a LISA) due to the tax benefits.

S&S ISA are useful for money you may need before age 60, and/or your pension is already being well funded, or is maybe a public sector pension.

I am currently investing in my work pension. My employer contributes 8% even if I do not contribute but I also started contributing about 8% due to the tax benefit higher rate tax payer. 

I have looked into LISA but don’t like the idea of non-flexibility having to wait till retirement to get the money out. I will eventually open one I think but hate that its only £4000 per year. 

Anyway as a higher rate taxpayer, pensions wins hands down against LISA, so probably best to forget about that option.

Although, ideally, it would be best to maximise the higher rate band on pensions and then use the LISA fully before then doing S&S ISA.

I have looked into LISA but don’t like the idea of non-flexibility having to wait till retirement to get the money out. I will eventually open one I think but hate that its only £4000 per year. 

£4,000 in a single year isn't a lot but you get £1000 of free money with that each year and the years do quickly add up.

It is important to keep money that needs to be accessible in the S&S ISA but also be realistic about money that you dont intend to access for the long term.   Both the LISA wrapper and the pension wrapper beat S&S ISA for money that is going to be held until your retirement years.

Thanks lots of decision to make.

Need to get on with it 😂

The LISA, I have used my ISA allowance up like £400 left for 2022/2023 only recently put some funds in Barclays 1 year fixed 4%.

Can I move funds from my HL ISA nto LISA.
The flexibility of having access to funds before retirement was why I didn't open one although the property option cought my attention but no longer a first time buyer.

My long term was like 5-10 years but also need to set aside long term like 20-30 years. 

london21

dunstonh said:

Albermarle said:

london21 said:

Albermarle said:

What do you reckon is the best choice? I am investing for the long term, I am in my 30s.

Nobody has mentioned it yet, but if you are investing long term/for retirement, it is normally better to invest via a pension ( or even a LISA) due to the tax benefits.

S&S ISA are useful for money you may need before age 60, and/or your pension is already being well funded, or is maybe a public sector pension.

I am currently investing in my work pension. My employer contributes 8% even if I do not contribute but I also started contributing about 8% due to the tax benefit higher rate tax payer. 

I have looked into LISA but don’t like the idea of non-flexibility having to wait till retirement to get the money out. I will eventually open one I think but hate that its only £4000 per year. 

Anyway as a higher rate taxpayer, pensions wins hands down against LISA, so probably best to forget about that option.

Although, ideally, it would be best to maximise the higher rate band on pensions and then use the LISA fully before then doing S&S ISA.

I have looked into LISA but don’t like the idea of non-flexibility having to wait till retirement to get the money out. I will eventually open one I think but hate that its only £4000 per year. 

£4,000 in a single year isn't a lot but you get £1000 of free money with that each year and the years do quickly add up.

It is important to keep money that needs to be accessible in the S&S ISA but also be realistic about money that you dont intend to access for the long term.   Both the LISA wrapper and the pension wrapper beat S&S ISA for money that is going to be held until your retirement years.

I now remember why I didn't end up opening the Lisa.

Decided to focus on pension contribution as higher rate tax payer tax relief 40% but later might open it.

It will be better to max that out first. Big chunk of my earning going on tax expecially when I get my  annual bonus.