Sticks isa

jw99

Hi

I would like to start investing in a global index fund.

One like this HSBC FTSE All-World Index (Class C)

I would be investing my £20,000 allowance every year

What would be the best/cheapest wat to do this?

Through HSBS its self or through another provider.

Any advice would ne appreciated as I have never set anything like this before.

Thanks in advance

eskbanker

https://monevator.com/compare-uk-cheapest-online-brokers/ is a good place to start…

Beddie

These are some of the free platforms you could start investing on:

Trading 212

Prosper

Freetrade

Barclays

Scottish Widows share dealing

DRS1

Just to mention that on SWSD (don't know about the other "free" platforms @Beddie mentions) you may pay £5 to buy or sell your investment. There is a way to avoid that £5 charge (on the buy end) by doing "regular investment". Despite the name you can do a one off "regular investment".

And if you leave your £20k in cash while you make up your mind what to invest it in then SWSD at least pays no interest on cash held in the ISA.

This may sound like I am trying to put you off SWSD but it is one of the more popular platforms

jw99

Thanks to all who have taken the time to reply.

I was ideally looking for a platform where I could have a decent paying cash isa(which I will transfer from Nationwide cash isa) and a global index which will be be for the long term.

Trading 212 looks ok as once I have set it up it should not really need anything done apart from transfering from my cash to index fund if and when i want.

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82114261#Comment_82114261

OP can cross Trading 212 off the list. Their platform does not support OEICs.

jw99

https://forums.moneysavingexpert.com/discussion/comment/82114580#Comment_82114580

Would it work with an ETF?

DRS1

https://forums.moneysavingexpert.com/discussion/comment/82114579#Comment_82114579

I don't know how old you are but you may find that transferring from a cash ISA to an S&S ISA is fine but transferring from the S&S ISA back to the cash ISA may not be allowed after April 2027. It should be OK if you are over 65.

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82114702#Comment_82114702

Yes, Trading 212 more focused on etfs. However HSBC does not have an etf that tracks the same index fund you mentioned.

Equivalent etfs from other investment houses could be VWRP (Vanguard) and FWRG (Invesco), which you can buy on 212.

friolento

https://forums.moneysavingexpert.com/discussion/6680905/sticks-isa

Buying HSBC funds is fine if they suit your requirements* but I would never hold them in an HSBC ISA. You can hold them in almost all other platforms. As you can see in this thread, the HSBC ISA team is easily the most incompetent and chaotic outfit that is out there. Whilst the thread is about transferring simple cash ISAs to HSBC, I wouldn’t trust them with the more complex S&S ISAs.

*there are ETFs which cover much the same portfolio but have much lower charges. For example VALL

Albermarle

https://forums.moneysavingexpert.com/discussion/6680905/sticks-isa

I would like to start investing in a global index fund.

One like this HSBC FTSE All-World Index (Class C)

I would be investing my £20,000 allowance every year

To go from zero investments ( apparently) to £20K a year into a high risk fund is quite a move. Especially as you said .

Any advice would ne appreciated as I have never set anything like this before.