Managed SS ISA

masjntt1977

I have 20k in a managed SS Isa for the previous tax year.

I would appreciate peoples thoughts / advice on how to invest for the next tax year 

Prior the the stock markets recent drop I had planned to invest 20K into the existing SS ISA but I’m a little unsure if that’s the best thing to do at the moment.
It is a high risk investment (highest level ) 

Here are some of the things I have been thinking about

1) Proceed as planned, invest 20K into the existing SS ISA

2) As above but drip feed the £20K payments 

3) Change the risk level on the SS ISA

4) Open new SS ISA with lower risk level for new funds & leave existing SS ISA as it is. 

5) Consider different investment types

Any advice, thoughts or opinions greatly appreciated - Thank you ☺️ 

Albermarle

I have 20k in a managed SS Isa for the previous tax year.

'Managed' can mean a few different things, so can you just give a few more details about it ?

Also some context about you/your overall financial situation and what you hope to use the money for eventually, would be useful. 

masjntt1977

Hi, 

It is a SS ISA is managed by Vanguard.

I only opened it a few weeks ago  - it has taken a loss of 9.6% in the last few days.

I’m looking to save for the long term, I just want to invest in the remaining £20k in the best way possible .  

I do not & will not need access to the funds. 

eskbanker

masjntt1977 said:

It is a SS ISA is managed by Vanguard.

The question wasn't really about the identity of the fund manager or platform but the specific product - what is it and how did you determine that it was suitable for your objectives (and have these changed)?

masjntt1977

To be truthful I had looked at a few companies, had projections and it was this one that I felt happy with - easy to manage, invest , withdraw etc and was happy with the projections, cust service etc etc 

MeteredOut

masjntt1977 said:

To be truthful I had looked at a few companies, had projections and it was this one that I felt happy with - easy to manage, invest , withdraw etc and was happy with the projections, cust service etc etc 

Vanguard is both an ISA platform and also a provider of different products for you to invest in (eg, funds).

Was it the Managed ISA?

https://www.vanguardinvestor.co.uk/investing-explained/stocks-shares-isa/we-do-it-for-you

If so, what was your money invested in within that?

Albermarle

masjntt1977 said:

Hi, 

It is a SS ISA is managed by Vanguard.

I only opened it a few weeks ago  - it has taken a loss of 9.6% in the last few days.

I’m looking to save for the long term, I just want to invest in the remaining £20k in the best way possible .  

I do not & will not need access to the funds. 

In this case it is usually better to invest via a pension for the tax benefits.

masjntt1977

Yes it was that one. 

This is who they invested with 

* Emerging Markets Stock Index Fund - Accumulation

* FTSE Developed Europe ex-U.K. Equity Index Fund - Accumulation

* FTSE U.K. All Share Index Unit Trust - Accumulation

* Japan Stock Index Fund - Accumulation

* Pacific ex-Japan Stock Index Fund - Accumulation

* U.S. Equity Index Fund - Accumulation

masjntt1977

Albermarle said:

masjntt1977 said:

Hi, 

It is a SS ISA is managed by Vanguard.

I only opened it a few weeks ago  - it has taken a loss of 9.6% in the last few days.

I’m looking to save for the long term, I just want to invest in the remaining £20k in the best way possible .  

I do not & will not need access to the funds. 

In this case it is usually better to invest via a pension for the tax benefits.

I have a pension but I can’t pay anymore into it 

MeteredOut

masjntt1977 said:

Albermarle said:

masjntt1977 said:

Hi, 

It is a SS ISA is managed by Vanguard.

I only opened it a few weeks ago  - it has taken a loss of 9.6% in the last few days.

I’m looking to save for the long term, I just want to invest in the remaining £20k in the best way possible .  

I do not & will not need access to the funds. 

In this case it is usually better to invest via a pension for the tax benefits.

I have a pension but I can’t pay anymore into it 

Because of allowances/income or some other reason? If you have enough allowance/income remaining, you can open a SIPP alongside your existing pension and get the tax relief added.

(Don't assume Vanguard would be the best place for that though - they have relatively high charges, as a percentage, for lower valued pots)

masjntt1977

Thanks will look into things suggested 
with reference to the original question which option between 1&4 (not 5) would people advise ? X