Investing 300k GBP in active GIA

EthicsGradient

flopsy1973 said:

EthicsGradient said:

Bostonerimus1 said:

Put it in a low cost global equity fund and move 20k each year into an ISA. No need for active management.

That's good for simplicity and overall fund performance; there might be ways of saving a bit of tax (and perhaps management fees) by using a mix of regional index funds, and then selectively Bed-and-ISA-ing a part of them each year according to what is tax-efficient (using the max £3k CG allowance every year, if possible) to fund the 20k (after using any distributions as part of the ISA contribution). But this involves more DIY.

I'm reading this post with interest as I am in similar position with 400k and wondering how to tackle the tax implications. What distributions are you referring to above? So for reporting would include or acc units be easier as there seems to be bit of conflict here thanks

I think alexland has pretty much covered it now; for clarity, when I said "distributions", I meant dividends paid out as income from funds - some groups say "dividends", some "distributions".

Bostonerimus1

EthicsGradient said:

flopsy1973 said:

EthicsGradient said:

Bostonerimus1 said:

Put it in a low cost global equity fund and move 20k each year into an ISA. No need for active management.

That's good for simplicity and overall fund performance; there might be ways of saving a bit of tax (and perhaps management fees) by using a mix of regional index funds, and then selectively Bed-and-ISA-ing a part of them each year according to what is tax-efficient (using the max £3k CG allowance every year, if possible) to fund the 20k (after using any distributions as part of the ISA contribution). But this involves more DIY.

I'm reading this post with interest as I am in similar position with 400k and wondering how to tackle the tax implications. What distributions are you referring to above? So for reporting would include or acc units be easier as there seems to be bit of conflict here thanks

I think alexland has pretty much covered it now; for clarity, when I said "distributions", I meant dividends paid out as income from funds - some groups say "dividends", some "distributions".

Make sure you keep track and understand the various tax implications of capital gains, interest, dividends and earned income and also that it matters where the money comes from ie, work vs pension vs ISA vs GIA.

flopsy1973

 Thank you all so it sounds as though income might be easier if I can redistribute  the income to isa?
Is there a good source of reference or information that anyone can recommend for understanding of record keeping and tax treatment