Income AND Accumulation version of same fund in ISA?

Bravepants

Hi there,

I already have Vanguard's STMM Acc fund in my ISA. But I was thinking of holding the Income version too so that I can distinguish it from my main growth funds and use it as a savings account to hold and distribute my 25% tax free SIPP cash each year and some drawn down cash from the growth part of the ISA. 

I'd then sell a portion from the Inc version each month to transfer to my current account and normal savings accounts.

It may sound complicated, as you might think I could keep it all in the Inc fund until needed, but some of the resulting cash will be spent, and some saved into a specific pot for a specific purpose. 

Is it OK to hold both Inc and Acc versions? 

GeoffTF

The is no reason why you should not, unless your broker has a problem with that. It might be less confusing if you used a different money market fund though.

Bravepants

GeoffTF said:

The is no reason why you should not, unless your broker has a problem with that. It might be less confusing if you used a different money market fund though.

I'm with Vanguard, they only provide one unfortunately.

Bravepants

Hhmm, I've just managed to do a test purchase, so fingers crossed it'll go through.

Bravepants

Just to finish this thread in case anyone's interested in the answer to this...I now have the income version as well as the acc version of the same fund in my ISA.