Money market ETF recommendation

Shimrod

Aidanmc said:

If you don't want to get hit by fees I suggest moving to a different platform.
Barclays looks like charges are 0.25% pa and £6 per trade.
Not a recommendation but you could look at Invest engine or Trading 212, probably others also

It depends how long they have had their ISA - customers who have had their account for a while (pre 2024 I think) are on different terms. My ISA charge with Barclays is 0.1% on shares and 0.2% on funds. I get some marginal benefits by keeping my ISA with Barclays (Premier banking), but with a high value ISA the Monevator broker comparison page is always worth a visit https://monevator.com/compare-uk-cheapest-online-brokers/

masonic

soulsaver said:

ISA is obv tax free. How is the income/gain treated outside a wrapper on these? 

For a synthetic ETF like CSH2, most, sometimes all, of the gain is a capital gain, so may allow you to utilise that allowance if you aren't already. For conventional funds, it is interest income and taxed in the same way as savings interest.

GeoffTF

masonic said:

soulsaver said:

ISA is obv tax free. How is the income/gain treated outside a wrapper on these? 

For a synthetic ETF like CSH2, most, sometimes all, of the gain is a capital gain, so may allow you to utilise that allowance if you aren't already. For conventional funds, it is interest income and taxed in the same way as savings interest.

For a foreign domiciled fund like CSH2, check the Excess Reportable Income. That is taxable as income, but it can be deducted from the capital gain.

masonic

GeoffTF said:

masonic said:

soulsaver said:

ISA is obv tax free. How is the income/gain treated outside a wrapper on these? 

For a synthetic ETF like CSH2, most, sometimes all, of the gain is a capital gain, so may allow you to utilise that allowance if you aren't already. For conventional funds, it is interest income and taxed in the same way as savings interest.

For a foreign domiciled fund like CSH2, check the Excess Reportable Income. That is taxable as income, but it can be deducted from the capital gain.

Yes, it's been zero in some years, but last year there was a small amount of ERI.

dunstonh

poseidon1 said:

Notepad_Phil said:

poseidon1 said:

Fidelity Cash ( class w ). An oeic, but one of the few cash funds paying out monthly rather than quarterly or bi yearly. Current distribution yield just under 5%.

Royal London Short Term Money Market Income now does monthly too (since about November I think) - though most platform fund sheets still show it as bi-yearly and you have to look at the price chart (price, not total return) to see it happening.

Thanks for the heads up. HL still indicate bi annually but I see both Fidelity and A J Bell show monthly so on this basis will add some RLSTMM to the Fidelity holding. 👍

Don't use platforms for data research.  Their info is usually out-of-date  (RLSTMM is Aug 2024 on HL)