Which fund to use a wrapper ?

20122013

these are the funds are looking at:

HSBC All world

Commodity (ETF)

RL STMMF

All World Index tracker (minimum excl US) (OEIC)

World Index tracker Europe (OEIC)

Index tracker Asia (OEIC)

InvesterJones

Same comments apply as previously - they will be complex to hold in a GIA. If you get income versions of the tracker OEICs they're probably the simplest out of those. Previous comment about what your strategy is for choosing those funds is also relevant, though not what you were asking for feedback on.

20122013

https://forums.moneysavingexpert.com/discussion/comment/82071291#Comment_82071291

I chose these funds because I already hold them in my S&S ISA. I started with the All-World index tracker, CMFP, and the RL STMMF. I plan to invest my cash (including my the RL STMMF) for 10 years. I am thinking of adding another index tracker (such as an ex-US or UK fund) to avoid relying solely on one tracker and CMFP. How do others invest outside the wrapper to minimise tax?

masonic

If you will already be using your personal savings allowance and have enough earned income to pay tax, then the STMMF is the one that will generate income taxed at the highest rate. There isn't much to choose between the others. Personally, I'd tuck CMFP into the ISA if possible to simplify life.

InvesterJones

https://forums.moneysavingexpert.com/discussion/comment/82071752#Comment_82071752

Not making a mistake and a good overall return is more important to me than minimising tax (the less tax the govt gets the more they'll have to cut back or raise taxes elsewhere) so I use investment trusts outside of my wrappers for my equity investments (which are quite small, mostly I have gilts outside).

GeoffTF

You need to tell us precisely which funds you are considering before we can tell you the tax treatment. Outside tax shelters, I use gilts which yield 0.125%, and Vanguard Developed World ex UK which yielded 1.12% at the close of 30 June 2026. BRK B is popular with some because it pays no dividends. I tax shelter UK and Emerging Markets, and whatever else I can.

20122013

Update:
As per my original post, I would be interested to know how to allocate my unwrapped cash, either using my GIA account, or outside my GIA to buy gilts, or look at other options.

As my money is 50% unwrapped and 50% wrapped, of which 80% is in a Cash ISA and 20% in a S&S ISA).

My plan has been adjusted as I will now have paid work, so I will keep less years of spending money and add the remainder to my investment plan.

My end goal is to have £30,000 net per year (in today's money) from year ten (September 2036) for 40 years. (I also have an insignificant amount in an old work pension).

I am hoping to leave all the investments untouched until September 2036. As I will have to pay income tax and mostly on some of my savings interest, and with no CGT allowance for this financial year, I want to know how to decide when and for which fund to use a tax wrapper.

I currently hold these in a S&S ISA. As I do not know as much as I would like about investments, I am planning to stick with an index tracker but also invest in commodities and multi-asset funds:

• HSBC All World Index Inc/Acc (Hold, except for rebalancing)
• CMFP (Hold, except for rebalancing) - thanks to Masonic
• RL STMMF (I am planning to sell and invest this money - thanks to Masonic

As I have a 10-year timeline to invest, in addition to the above I am thinking of investing in:

• 5% in commodities (gold and/or copper)
• 15% in a multi-asset fund (HSBC Global Strategy Balanced?)
• 80% in equities (1 x all-world index fund ex Magnificent 7, 1 x Asia
  index tracker, 1 x Europe index tracker, S&P 500?)
• I was planning to put all the unwrap cash into gilts but not sure whether it is suitable due to the 'bond market' and also as some posters had said about returns first, then tax.
• I may consider annuity in 10 - 15 years time (as it is less flexible than investment)

I will put my emergency funds in a higher-rate savings account and not in a STMMF (due to the fees and net return).

From what I understand, for unwrapped investments, I should use them for less volatile funds, or assets like gilts. Also, if using an OEIC, it should strictly be Inc (and not Acc) units.