S&s isa, platform and funds

olb81

Hi i want to start paying 10% of my net pay into an s&s isa
Im thinking of either ii, fidelity or vanguard as the platform. 
And a world equity tracker for the fund.
Any view on this, what do you do and why?

Keep_pedalling

Why ISA rather than pension?

El_Torro

A global tracker is fine if you're planning to invest for 10 years or more and can stomach the volatility. Some people would be more suited to a multi asset fund, which won't grow as fast but won't be as volatile either.

Linton

Why ii, fidelity or Vanguard?

Vanguard has the disadvantage that the funds you can invest in are severely limited - the platform only sells Vanguard funds, and IIRC not all of them.

ii is in my view a good platform (I use it) but its ongoing charge is fixed whilst most platforms charge a % of total money invested.  Also ii charge for buying/selling funds whilst some other platforms are free.  These factors makes  ii very cheap for large portfolios with low numbers of trades but not so good for small ones of perhaps less than about £50K with frequent trading.

If you are just starting your long term investment journey putting a regular amount into a single world tracker is a very good idea.

Eyeful

1.  Use tax shelters wherever possible in this order

Pension, Cash ISA,s, Stocks & Shares ISA's

2. Have an emergency savings account to cover at least 6 to 12 months of household bills and car/boiler break downs.

3.  Watch this : https://www.kroijer.com/

4. Read these:
https://monevator.com/passive-fund-of-funds-the-rivals/
https://monevator.com/best-global-tracker-funds/

5. Platforms
:https://monevator.com/compare-uk-cheapest-online-brokers/

Newbie_John

ISA money is available any time, and withdrawing is fully tax free.

Pension money is locked and the age of withdrawal keeps going up slowly, who knows what will it be in 20-30 years. Also there is a lot of plans to put taxes here and there so again in 20-30 years it may be not as great as it is now.

Back to the topic, I like Barclays Smart Investor, 0.25% fee, and free fund purchases. Decent choices as well.