Investing outside of stocks and shares ISA

I have a stocks and shares ISA with Vanguard. I have a tracker fund set up in that which I'm happy with and I'll continue to pay into that as a long term investment option. I also have a private pension set up with Vanguard. 

I would also like to invest in individual dividend stocks and shares. This is something I'm happy to manage myself but I'm unsure of where to hold these investments. It's not something I can do on Vanguard, as far as I know, and I'd prefer to do so within my tax free allowance if possible. 

Can anyone advice on the most sensible way to do this? Many thanks. 

Comments

  • sevenhills
    sevenhills Posts: 5,806
    First Anniversary Name Dropper First Post
    Forumite
    The Vanguard Personal Pension is a Self Invested Personal Pension (SIPP) where you control how you want your money to be invested. Then when you turn 55 you can start to enjoy your savings (this is going up to  age 57 from 2028).

    I have a SIPP with Hargreaves Lansdown, it's really easy.


  • masonic
    masonic Posts: 22,913
    Photogenic Name Dropper First Post First Anniversary
    Forumite
    edited 1 January at 10:21AM
    If you really want to do this then there are very cheap options, such Trading212 and Freetrade, perhaps even eToro is worth a look. To some extent it would depend on which markets you want to access and how much you will invest per company. Fractional share trading may be important to you, for example, and fee structure will also be relevant.
    It's unclear what you mean by "within [your] tax free allowance", as the dividend allowance and capital gains allowance are both being whittled down to very low numbers. You've said in the thread title "outside of stocks and shares ISA". Note that you will need to keep good records of your trading for tax purposes if you intend to invest in a general investment account.
  • Altior
    Altior Posts: 597
    First Anniversary First Post Name Dropper
    Forumite
    You can access vanguard funds via a different platform, that also has access to individual stocks and shares. ie, you don't need to be using vanguard to invest in vanguard index funds. 

    From April of course you will be able to subscribe to the vanguard s&s ISA and another platform for your individual picks, as long as you don't go above the overall ISA annual cap. So you may wish to wait it out until then, as it will be a lot simpler to keep it all within the ISA umbrella. 
  • Bostonerimus1
    Bostonerimus1 Posts: 474
    First Post Name Dropper
    Forumite
    Why do you want to invest in individual stocks?
Meet your Ambassadors

Categories

  • All Categories
  • 341.9K Banking & Borrowing
  • 249.7K Reduce Debt & Boost Income
  • 449.2K Spending & Discounts
  • 234K Work, Benefits & Business
  • 606.2K Mortgages, Homes & Bills
  • 172.5K Life & Family
  • 246.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards