Best way to invest 5k outside of an ISA?

dunstonh

I've seen some funds advertised as being within an ISA.

ISAs are just one of the many tax wrappers we have in the UK. Inside the wrapper you can hold different investments. You can hold the same investments inside a pension, investment bond, ISA or unwrapped.

And lastly, what is the difference between 'accumulating' and 'income'?

in simple terms, the acc units have the income reinvested within the fund and the unit price reflects that. The inc units can have the income paid out or it can be reinvested internally to buy more units.

Jake'sGran

kootchyrocker wrote: »

Hargreaves Lansdown seems like the sensible option then! I don't suppose anyone can recommend a good place to look that compares funds?

There are lots of places to look. I have just been looking at my Portfolio and the site I use offers lots of information. You could try looking at iii, Motley Fool (might be called Fool now, not sure) Trustnet - their site is excellent now they have re-designed it. There are so many; Google something like "Investment Sites" or "Fund Information" and the best will be on the first page.


2 other questions - if anyone out there is reading this


And lastly, what is the difference between 'accumulating' and 'income'? Is this just reinvesting to buy more shares vs cashing in any dividends (for want of a better word)?

Thanks

I have seen arguments in the financial press about both ways of choosing.
If you need the income it is paid out once or twice a year to your current account or wherever. With accummulation units I believe there are some costs involved i.e. in buying more units so I suppose the income is reduced a little but you are building your investment. Dunstonh will correct me if I've got this wrong.