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/biz/ - Business & Finance

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1542139 No.1542139 [Reply] [Original]

I have £5,00 worth of savings gathering dust in a piss poor savings account and I do not need access to this money for at least 4 years

21 year old, maxing out my help-to-buy is already. I thought the best thing to do would be to stick it in an index tracker fund but I wasn't sure how to connect it to an isa .

How would I do this so my gains are tax free?

Criticism welcome

>> No.1542309

>>1542139

Sign up for Charles Stanley, with an ISA (if you havent opened one this year already??)

Deposit money into account

spread it over funds such as vanguard's developed world ex-uk equity fund (accumulator type, of course), and vanguard's short dated corporate bonds, vanguard's global small-cap equity fund, and vanguard's global emerging markets fund. All accumulator type of course.

If you want to throw in an active fund, try Artemis's income fund


now give me £200 for that financial advice :^)

>> No.1542947

OP

V helpful, it is just the actual practicality of connecting it to my ISA. When I try and set it up and move money from my current account I can not see any way of connecting it to my ISA?

NeWFagNEss

>> No.1543180

>>1542947

There is a page on charles stanley that talks about transferring ISAs in

>> No.1543209
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1543209

Semi related question

I have maxed my stocks and shares ISA this year.

I have £3000 in a cash ISA account, most of which was placed in there before this tax year however I have put some in this year.

Does this mean I've gone over the yearly ISA limit? I would've thought it wouldn't let me, but thinking about it how would my broker know that I already have a cash ISA and vice versa.

Another question if anyone's feeling generous to a div such as myself: My bank account says on my cash ISA I have £18,300 remaining allowance. How can this be since this years ISA limit is £15k?

>> No.1543239

>>1543209
Yes.
You're probably misunderstanding it.
>>1542947
You transfer it in like any other account.
There is only a specific process of you're transferring an issue to another provider.