S&S ISA - HL Ready Made ISA or LifeStrategy

jimjames

Alexland said:

funkey_monkey said:

So those trackers are suitable, but just pick one of them, and use a different platform than HL?

If you decide to hold the fund in an iWeb ISA then go for the Accumulation version to avoid needing to regularly pay a £5 trade reinvest income unless you want to draw the income. 

It's a minor point but automatic dividend reinvestment doesn't attract the £5 fee, it's 2% of the amount with a max of £5 but if you can avoid paying it at all then Acc version is definitely better.

Alexland

jimjames said:

It's a minor point but automatic dividend reinvestment doesn't attract the £5 fee, it's 2% of the amount with a max of £5 but if you can avoid paying it at all then Acc version is definitely better.

Oh yes forgot that but still on £32k with say a global tracker paying around 1.5% income that's still roughly £10 a year if set to reinvest automatically or maybe £20 a year if done as 4 manual trades.
Either way we agree an Acc is preferable if the income is not needed.