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.

olb81

Hi eyeful, why cash isa before s&s??

jimjames

olb81 said:

Hi eyeful, why cash isa before s&s??

You need to have an emergency fund in cash before starting investing. Well, maybe need is too strong a word but it's generally advised that you should do so.

olb81

Thanks how much , the whole 20k?

dunstonh

olb81 said:

Thanks how much , the whole 20k?

it varies subject to opinion but 12 months expenditure plus any planned short term spending (over the next 5 years) is ballpark

Eyeful

olb81 said:

Hi eyeful, why cash isa before s&s??

1. To have an emergency savings account to cover at least 6 to 12 months of household bills and car/boiler break down.

Also if you known you will need the money within 5 years, it should should be in a savings account covered by the FSCS Savings Protection. The markets may be taking a fall just when you need it the most.

Remember that investing means you are putting your money at risk.
It should be for money you will not touch for at least 10 years.
The odds of you winning the game, is higher the longer you invest for.
But there is no guarantee you will win.