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Investing outside of stocks and shares ISA
Joedavis
Posts: 25 Forumite
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.
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.
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Comments
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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.
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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.0
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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.1 -
Why do you want to invest in individual stocks?And so we beat on, boats against the current, borne back ceaselessly into the past.0
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